BROADWIND ENERGY Inc – Trading Update
Last month in my update on Broadwind Energy I had suggested that the stock was oversold and also that it would hold in the $5.00 to $5.20 area. As you can see by the chart the stock continued to sell lower and twice traded in the low $4.80 area. However, beginning last Wednesday and through [...]
Broadwind Energy Plans Expansion of Gearbox Refurbishment Capabilities
Independent gearbox refurbishing center and gearbox test stand to perform full-load testing for 3 MW class wind turbine units
NAPERVILLE, Ill., March 1, 2010—Broadwind Energy, Inc. (NASDAQ:BWEN) today announced that it is expanding its portfolio of Precision Repair and Engineering services with enhanced megawatt (MW) gearbox refurbishment capabilities. For MW-scale wind turbines in North America, gearbox [...]
BROADWIND ENERGY: January 29 Update
On Jan 15, 2010 I wrote:
“Broadwind shares fell by $0.50 to $5.87 today after the company priced an offering of 15 million shares of its common stock at $5.75 a share. Volume was a huge 8,118,694 shares, compared to the 50-day average daily volume of 262,000. The stock [...]
Broadwind Energy: January 15, Market Close Update
Yesterday I wrote about the recent Broadwind Energy sell-off:
“Today’s volume [1,058.793] was significantly higher than normal and the stock closed at $6.37 near the lows of the day, both indicating the potential for further selling tomorrow.”
In fact Broadwind shares fell by $0.50 to $5.87 today after the company priced an offering of 15 million [...]
Broadwind Energy – Trading Update
“I do warn that as the stock closed near the lows of the day this selling may persist through tomorrow and perhaps Wednesday and I do believe any further downward pressure will meet great buying support in the $8.25 to $8.50 levels. I once more heartily suggest these levels present a tremendous [...]
Broadwind Energy – Chart Analysis Update
As you can see by the Broadwind Energy chart, the stock price has risen rapidly from $5.00 at the beginning of November to today’s price at $9.00.
Although this steep rise in a short period of time would normally cause me to expect a retracing of the recent gains and perhaps a pullback to the $7.75 [...]
