UPDATE: Broadwind Energy Gets $14 Mln in Tower Orders; Shares Surge 12%

By MidnightTrader.com Staff,

Shutterstock photo

Broadwind Energy ( BWEN ) is up 11.5% after announcing that a U.S. wind turbine manufacturer has selected BWEN to supply approximately $14 million of wind towers for delivery in 2013.

The order includes an option to purchase up to $27 million of additional towers which would have to be exercised in early 2013. The towers will all be delivered in 2013 and will be produced in the company's facilities in Manitowoc, Wi., and Abilene, Texas.

BWEN is trading at $2.32 in a 52-week range of $1.66 - $9.17. Shares have increased 62% in the last 12 months.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing Commodities
Referenced Stocks: BWEN

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