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UPDATE: H.C. Wainwright Downgrades Broadwind Energy (BWEN) to Neutral

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Broadwind Provides Preliminary Fourth Quarter 2020 Results and First Half 2021 Financial Guidance

January 22, 2021 7:00 AM EST

CICERO, Ill., Jan. 22, 2021 (GLOBE NEWSWIRE) -- Broadwind (NASDAQ: BWEN), a diversified precision manufacturer of specialized components and solutions serving global markets, today issued preliminary results for the fourth quarter 2020 and introduced financial guidance for the first half of 2021.

For the fourth quarter 2020, Broadwind currently expects to report total revenue of approximately $40.0 million and total non-GAAP adjusted EBITDA to be in the range of $0.1 to $0.3 million, subject to year-end closing procedures. Fourth quarter results were impacted by a delay in the delivery of a tower order to a new wind turbine... More