The Company has faced some headwinds of its own and had to make financial and stock structural changes recently to stay in the game. In late August it announced it closed on a $20 million credit facility with AloStar Business Credit of Birmingham, Alabama. Under the terms of the credit arrangement, Broadwind will have access to up to $20 million based on a borrowing base secured by eligible trade receivables and inventories. Just prior to this announcement the company announced a reverse stock split of 1-10 in order to keeps in compliance with its NASDAQ listing.
Broadwind Energy (BWEN) applies decades of deep industrial
expertise to innovate integrated solutions for customers in the energy
and infrastructure markets. From gears and gearing systems for wind, oil
and gas and mining applications to wind towers, to comprehensive
remanufacturing of gearboxes and blades, to operations and maintenance
services, and weldments, we have solutions for the energy needs
of the future. With facilities throughout the U.S., Broadwind Energy's
talented team of 800 employees is committed to helping customers
maximize performance of their investments — quicker, easier and smarter.Research more solar stocks on global stock exchanges - and up to 1400 renewable energy stocks at Investorideas.com http://www.investorideas.com/Companies/RenewableEnergy/Stock_List.asp
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