Vestas Wind (VWDRY) Selects Broadwind Energy (BWEN) Wind Towers For Glacier Hills Project

Broadwind Energy (BWEN) it was selected by Vestas Wind (VWDRY) to be the wind tower supplier for the Glacier Hills Wind Park in Wisconsin.  The 90 turbine project is expected to  generate enough renewable electricity to power nearly 50K homes.

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Jess Collins, executive vice president and chief operating officer at Broadwind, stated, “We congratulate Vestas for moving this key wind project forward. As a leader in manufacturing multi-megawatt wind towers in the United States, Broadwind offers our customers unparalleled wind industry component offerings, support and value-relationships. In this challenging economy, we are pleased to have added a number of jobs at our Manitowoc, Wisconsin wind tower plant. With this order plus other business booked during November, Broadwind has increased its backlog to approximately $245 million, which is approximately 17% above the September 30, 2010 backlog.”

This release was posted after the bell today, but the stock isn’t moving much after hours.  It’s one to put on the radar for tomorrow.  Shares looked increasingly bullish at the beginning of October, but have since been in a long consolidation period.  Perhaps this news will get shares moving again.  A break out above the $2 level would be quite bullish for BWEN.

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