Shares of Broadwind Energy (BWEN) are surging 10% in pre-market trading and will get back above the 50 day moving average after it was announced that they will supply the wind towers for projects in the US being developed by Gamesa Technology , a global manufacturer of wind turbine generators. The towers will be constructed by Broadwind’s Tower Tech subsidiary and are expected to be delivered in the 4th quarter this year. No word on … Read the rest
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Zoltek (ZOLT) Misses Badly, Stock Plunges AH; CEO: "Fundamentals Of Wind Energy Sector Strong"
Zoltek Companies (ZOLT), the maker of carbon components for wind turbines reported an awful quarter after the bell with just .02/share in earnings which badly missed analyst estimates of .13/share. Revenues declined by 4% from the year ago quarter to 38.6 million.
“This year our results were further affected by customer reaction to increasingly serious global economic uncertainties. Customers in the computer and automotive markets, along with one of our wind turbine customers, postponed or … Read the rest