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Broadwind Energy Inc. Reports Operating Results (10-K)

March 16, 2011 | About:

Broadwind Energy Inc. (NASDAQ:BWEN) filed Annual Report for the period ended 2010-12-31.

Broadwind Energy Inc. has a market cap of $147.7 million; its shares were traded at around $1.38 with and P/S ratio of 0.8.

Highlight of Business Operations:

The aggregate market value of the Registrant's voting common stock held by non-affiliates of the Registrant, based upon the $2.80 per share closing sale price of the Registrant's common stock on June 30, 2010 (the last business day of the Registrant's most recently completed second quarter) was approximately $204,543,259. For purposes of this calculation, the Registrant's directors and executive officers and holders of 10% or more of the Registrant's outstanding shares of voting common stock have been assumed to be affiliates, with such affiliates holding an aggregate of 33,789,921 shares of the Registrant's voting common stock on June 30, 2010, and shares held by such affiliates are not included in this calculation.

We sell our towers and gearing under either long-term supply agreements or individual purchase orders, depending on the size and the duration of the purchase and sale commitment. Some of these supply agreements are structured as framework agreements, whereby customers commit to purchase a certain fixed quantity or share of their annual requirements from us, and we reserve a portion of our manufacturing capacity to meet these requirements. Under these framework agreements, we receive purchase orders on a monthly or other periodic basis based upon our customer's forecast of production volume levels. These long-term agreements have various terms, but generally range from several months to three years with some contracts carrying automatic renewal provisions. For our Services segment, purchases are based either on individual purchase orders or longer-term operations and maintenance contracts. As of December 31, 2010, the dollar amount of our backlog believed to be firm under our supply agreements, purchase orders and service contracts was approximately $226 million, of which $116 million is expected to be delivered during 2011. Deliveries during 2011 may be subject to change as a result of any future modifications to our existing customer framework agreements or purchase orders.

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