Logical Thought
Hedge fund manager, long/short equity, growth at reasonable price, value

Broadwind Energy: The Turnaround Is Underway

Broadwind Energy (NASDAQ:BWEN) makes wind towers and provides maintenance for the wind industry, provides gearing systems & maintenance for the oil & gas and mining industries, and offers large-scale welding services. The company's stock has had a spectacular ride both up and down, with a five-year split-adjusted trading range of $290/share to $1.66/share. Hemorrhaging losses, Broadwind brought in a new management team approximately two years ago to get things back on track, and through a combination of cost-cutting/restructuring and diversification that team is now succeeding.

Due to competitors who have gone out of business and newly implemented tariffs on imported towers, Broadwind is essentially "one of the last men standing" in the wind tower business. Thus, as the...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details