Broadwind Energy (BWEN) Releases Earnings Results, Beats Expectations By $0.13 EPS

Broadwind Energy (BWEN) reported quarterly earnings results on Thursday, Apr-28-2016. The company said it had a profit of $-0.02 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.13. Analysts had a consensus of $-0.15. The company posted revenue of $46.80 million in the period, compared to analysts expectations of $46.00 million. The company’s revenue was down -4.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.17 EPS.

Broadwind Energy closed down -0.12 points or -3.68% at $3.14 with 10,175 shares getting traded on Wednesday. Post opening the session at $3.33, the shares hit an intraday low of $3.13 and an intraday high of $3.33 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Dec 11, 2015, David P Reiland (director) purchased 10,000 shares at $2.05 per share price. According to the SEC, on May 6, 2015, Peter C. Duprey (CEO) purchased 10,000 shares at $3.90 per share price.

Broadwind Energy Inc. (Broadwind) provides technologically advanced products and services to energy mining and infrastructure sector customers primarily in the United States. The Company is engaged primarily in United States wind energy industry. Within the United States wind energy industry it provides products and services to turbine manufacturers and wind farm developers and operators. Outside of the wind energy market the Company provides precision gearing specialty weldments and services to a range of industrial customers for oil and gas mining steel and other industrial applications. The Company operates in three segments: Towers and Weldments which specializes in the production of towers to support wind turbines and the fabrication of large industrial weldments; Gearing which engineers builds and remanufactures precision gears and gearing systems and Services which offers a range of services primarily to wind farm developers and operators.

Broadwind Energy

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