There’s a good piece from Eric Savitz over at Barron’s discussing the loss of business Broadwind Energy (BWEN) faces following the cancellation by Boone Pickens of half of that large, $2 billion wind turbine order from GE. Broadwind supplies parts to GE for these turbines and the stock is getting hit as a result. The selling picked up yesterday and continues today with record sell volume. A return to the November lows appears inevitable.
Savitz … Read the rest