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BWEN

Broadwind Energy

$2.35

0.1697 (7.78%)

07:02
04/06/18
04/06
07:02
04/06/18
07:02

Broadwind Energy announces recovery order intake

Broadwind Energy announced a recovery in the company's quarterly order intake. The company recently booked $10M in new tower orders and Q1 Gearing segment orders of $15M, the highest quarterly order intake for the segment since Q2 of 2014. Consolidated Q1 orders totaled $26M, the highest since Q1 of 2017.

BWEN Broadwind Energy
$2.35

0.1697 (7.78%)

12/06/17
ROTH
12/06/17
NO CHANGE
ROTH
Tax bill could put 'BEAT' down on U.S. renewables, says Roth Capital
Roth Capital analyst Philip Shen believes the Senate Tax Cuts and Jobs Act includes multiple elements that could negatively affect renewable tax equity capacity, such as a cut in the corporate rate from 35% to 20%, the passage of the Base Erosion Anti-Abuse Tax, or BEAT, without exemptions for solar/wind credits, and a reduction in the number of years the product tax credit could be claimed from 10 down to four years. Near-term, the analyst believes that continued negotiations on the Hill could cause increased volatility for his universe of stocks with direct or indirect exposure to the U.S. solar and wind markets, such as AMSC (AMSC), Broadwind Energy (BWEN), 8point3 Energy (CAFD), Canadian Solar (CSIQ), Daqo New Energy (DQ), Enphase Energy (ENPH), First Solar (FSLR), Hannon Armstrong (HASI), Hanwah Q CELLS (HQCL), JA Solar (JASO), JinkoSolar (JKS), SolarEdge (SEDG), Sky Solar (SKYS), ReneSola (SOL), Sunworks (SUNW), and TPI Composites (TPIC).

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