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Broadwind Energy, Inc. Message Board

  • lucky_trader2003 lucky_trader2003 Dec 26, 2013 4:29 AM Flag

    Service side of business - something to consider.

    Was reading the NY Times article again (Wind Power Developers Race Clock to Secure Subsidy) and was thinking that with all the wind farms being developed and that will be developed in the next couple of years it seems logical that eventually these new wind farms as well as all the old ones will need to be serviced at some point. Broadwind has positioned itself in the sweet spot with their service business in blades and gear box repair as well as routine maintenance like oil changes etc. When it was slow in the industry management did tell us that wind farm operators were doing a lot of service on their wind farms internally but with the new boom going on the next couple of years and lots of deals being signed for new wind farms it seems logical again to think that wind farm operators will once again have to out source servicing their wind farms and Broadwind should benefit. My thesis is that moving forward revenue in the service side of the business should pick up in the next couple of years along with sold out tower sales and gearing. If all three parts of the Broadwind business model are hitting at the same time we could be in for a real run in the stock price next couple of years. If PTC gets extended as well we will have good guidance past 2016 and beyond. Now management has already stated that Broadwind will be profitable in 2014 for the first time. I don't see it as a one quarter wonder at this point but see continued quarter after quarter of posting profits. Basically things are looking good for Broadwind in my opinion.

    Sentiment: Strong Buy

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