Broadwind Energy (NASDAQ: BWEN) reported Q2 EPS of $0.00, $0.01 better than the analyst estimate of ($0.01). Revenue for the quarter came in at $43 million versus the consensus estimate of $42.4 million.

The Company booked $176.2 million of net new orders in Q2 2016, up sharply from $55.2 million of orders booked in Q2 2015. Towers and Weldments orders, which vary considerably from quarter to quarter, totaled $170.6 million in Q2 2016, up substantially from $51.4 million in Q2 2015. Of the $170.6 million, $137 million was attributable to a multi-year framework agreement that locks up a significant portion of production capacity for the next three years. Gearing orders totaled $5.6 million in Q2 2016, nearly double the prior year period, due to strength in the wind and steel markets which offset very low orders from oil & gas customers, and continued weakness in mining.

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