Broadwind surges on upbeat rev forecasts

Broadwind

21/04/2023 12:20

** Shares of renewable energy equipment manufacturer
Broadwind Inc  BWEN.O  rise 14.7% to $5.3 in premarket trading
following Q1 prelim results 
    ** Co now sees FY23 revenue in the range of $205 mln to $220
mln, compared to previous guidance range of $200 mln to $220 mln
    ** FY23 rev guidance is above market estimates of $206.6 mln
- Refinitiv IBES data
    ** Co also sees Q1 rev between $48 mln and $49 mln, beating
analyst estimates of $45.5 mln
    ** Up to last close, stock had risen 158.1% YTD

 (Reporting by Khushi Singh)
 ((Khushi.Singh@thomsonreuters.com;))