Brief: Broadwind Announces Strategic Exit From Wind Market With Sale Of Abilene Facility

Broadwind

05/05/2026 23:22

May 5 (Reuters) - Broadwind Inc BWEN.O:

BROADWIND ANNOUNCES STRATEGIC EXIT FROM WIND MARKET WITH SALE OF ABILENE FACILITY, PIVOTS TO BECOME PURE-PLAY PRECISION MANUFACTURER SUPPORTING POWER GENERATION AND CRITICAL INFRASTRUCTURE MARKETS; AND WITHDRAWS 2026 FINANCIAL GUIDANCE

BROADWIND INC - SELLS ABILENE FACILITY TO IES INFRASTRUCTURE FOR UP TO $19.5 MILLION

BROADWIND INC - HEAVY FABRICATIONS TO LEASE ABILENE FACILITY UNTIL SEPTEMBER 5, 2026

BROADWIND INC - WITHDRAWS FULL-YEAR 2026 FINANCIAL GUIDANCE

BROADWIND: CAUTIONS THAT SIGNIFICANT EXCESS DOMESTIC WIND TOWER PRODUCTION CAPACITY IN US MAY ERODE PRICES, MARGINS OVER TIME

Source text: ID:nGNX5CBT02

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