Core Viewpoint - Broadwind is set to announce its fourth quarter and full-year 2024 financial results on March 5, 2025, before market opening, indicating a focus on transparency and investor engagement [1]. Company Information - Broadwind (NASDAQ:BWEN) is a diversified precision manufacturer specializing in components and solutions for clean tech and other specialized applications, with facilities across the U.S. [3]. - The company aims to help customers maximize the performance of their investments in a quicker, easier, and smarter manner [3]. Conference Call Details - A conference call will take place on March 5, 2025, at 11:00 a.m. ET to review financial results and discuss recent events [1]. - Investors can access a live webcast of the conference call and related materials on the company's Investor Relations website [2]. - For participation, a live teleconference number is provided, along with details for accessing a replay of the call available until March 12, 2025 [2].

Company Performance - Broadwind Energy, Inc. closed at $1.73, reflecting a -0.57% change from the previous day, underperforming the S&P 500 which had a loss of 0.01% [1] - The stock has decreased by 8.9% over the past month, contrasting with the Industrial Products sector's gain of 1.3% and the S&P 500's gain of 4.88% [1] Upcoming Earnings Report - The upcoming EPS for Broadwind Energy is projected at -$0.08, indicating a 260% decline compared to the same quarter last year [2] - Revenue is estimated to be $31.54 million, down 32.31% from the prior-year quarter [2] Analyst Estimates and Valuation - Recent changes to analyst estimates for Broadwind Energy indicate a dynamic business trend, with positive revisions suggesting analyst optimism about the company's profitability [3] - The Zacks Rank system, which includes estimate changes, currently ranks Broadwind Energy at 2 (Buy) [5] - Broadwind Energy has a Forward P/E ratio of 5.27, significantly lower than the industry's average Forward P/E of 22.84 [6] Industry Context - The Manufacturing - General Industrial industry, to which Broadwind Energy belongs, has a Zacks Industry Rank of 175, placing it in the bottom 31% of over 250 industries [6] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]

Core Viewpoint - Wall Street analysts' recommendations, particularly for Broadwind Energy, are heavily relied upon by investors, but their effectiveness in guiding investment decisions is questionable [1][4]. Group 1: Brokerage Recommendations - Broadwind Energy has an average brokerage recommendation (ABR) of 1.00, indicating a Strong Buy, based on four recommendations from brokerage firms, all of which are Strong Buy [2]. - The ABR is calculated solely from brokerage recommendations, which may not accurately reflect the stock's potential for price appreciation due to analysts' inherent biases [4][5]. Group 2: Zacks Rank vs. ABR - The Zacks Rank, which is based on earnings estimate revisions, is a more reliable indicator of a stock's near-term price performance compared to the ABR [7][10]. - Unlike the ABR, which may not be up-to-date, the Zacks Rank reflects timely changes in earnings estimates, providing a more accurate prediction of future stock prices [11]. Group 3: Current Earnings Estimates - The Zacks Consensus Estimate for Broadwind Energy remains unchanged at $0.02 for the current year, suggesting stable analyst views on the company's earnings prospects [12]. - Due to the unchanged consensus estimate and other factors, Broadwind Energy holds a Zacks Rank of 3 (Hold), indicating a cautious approach despite the Buy-equivalent ABR [13].

Group 1 - Broadwind Energy, Inc. (BWEN) closed at $1.81, showing no change from the previous trading day, while the S&P 500 experienced a 1.46% loss [1] - The stock has decreased by 5.73% over the past month, underperforming the Industrial Products sector's gain of 5.12% and the S&P 500's gain of 1.08% [1] - The upcoming earnings report is projected to show earnings of -$0.08 per share, a year-over-year decline of 260%, with anticipated revenue of $31.54 million, reflecting a 32.31% decrease from the same quarter last year [2] Group 2 - Recent adjustments to analyst estimates for Broadwind Energy, Inc. are important as they indicate changing business trends, with positive revisions suggesting analyst optimism [3] - The Zacks Rank system, which assesses estimate changes, currently ranks Broadwind Energy, Inc. at 2 (Buy), with the consensus EPS estimate remaining unchanged over the past month [5] - Broadwind Energy, Inc. has a Forward P/E ratio of 5.48, significantly lower than the industry average of 24.26, indicating it is trading at a discount [6] Group 3 - The Manufacturing - General Industrial industry, part of the Industrial Products sector, has a Zacks Industry Rank of 168, placing it in the bottom 34% of over 250 industries [6] - The Zacks Industry Rank evaluates the strength of industry groups based on the average Zacks Rank of individual stocks, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [7]

Core Viewpoint - Wall Street analysts' recommendations, particularly for Broadwind Energy, Inc. (BWEN), are heavily relied upon by investors, but their reliability and impact on stock prices are questioned [1][4]. Group 1: Brokerage Recommendations - Broadwind Energy has an average brokerage recommendation (ABR) of 1.00, indicating a Strong Buy, based on three recommendations, all of which are Strong Buy [2]. - The ABR is calculated based on actual recommendations from brokerage firms, but it may not be wise to rely solely on this for investment decisions due to limited success in guiding investors [4][9]. Group 2: Analyst Bias and Zacks Rank - Analysts from brokerage firms tend to exhibit a strong positive bias in their ratings, often issuing five "Strong Buy" recommendations for every "Strong Sell" [5]. - The Zacks Rank, which classifies stocks from 1 (Strong Buy) to 5 (Strong Sell), is a more reliable indicator of a stock's near-term price performance, based on earnings estimate revisions [7][10]. - The Zacks Rank is updated more frequently than the ABR, making it a timely tool for predicting future stock prices [11]. Group 3: Earnings Estimates for Broadwind Energy - The Zacks Consensus Estimate for Broadwind Energy's current year earnings remains unchanged at $0.02, indicating steady analyst views on the company's earnings prospects [12]. - Due to the unchanged consensus estimate and other factors, Broadwind Energy holds a Zacks Rank of 3 (Hold), suggesting caution despite the Buy-equivalent ABR [13].

Financial Data and Key Metrics Changes - Broadwind reported a decline in revenue for Q3 2024, primarily due to lower demand for wind towers, with EBITDA of $3.4 million compared to $7.6 million in the prior year, reflecting a 54% year-over-year decline in wind tower sections sold [17][13][16] - The company maintained an adjusted EBITDA margin approaching 10%, demonstrating resilience despite reduced revenue [16][6] - Total cash and availability on the credit facility improved to $19 million, with positive cash flow of $4.8 million during Q3 [22] Business Line Data and Key Metrics Changes - Heavy Fabrications segment revenue was $20.6 million, down 46% year-over-year, primarily due to a decline in tower production [18][13] - Gearing revenue decreased by 19.6% year-over-year to $9.2 million, attributed to softness in the oil and gas market [14][20] - Industrial Solutions revenue was $5.7 million, down 22.8% year-over-year, mainly due to the absence of a large international project shipped last year [14][21] Market Data and Key Metrics Changes - Orders booked in Q3 totaled $23 million, a 45% increase from the previous year, driven by demand across all segments [7] - Gearing orders increased by 46% year-over-year, reflecting demand from power generation and infrastructure markets [8] - Industrial Solutions segment orders reached $7.4 million, indicating strong commercial interest due to demand for natural gas turbine content [21] Company Strategy and Development Direction - The company is focusing on expanding its product mix into higher-margin adjacent markets and investing in innovative technology to improve process capabilities and reduce costs [9][12] - Broadwind aims to broaden its sales mix into less cyclical markets, positioning itself for a more stable revenue profile [27] - The company is advancing its growth strategy in the Gearing segment by completing AS9100 quality certification to serve the aerospace market [28] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding the wind business, noting potential acceleration in domestic onshore wind activity in 2025 and 2026 [25] - The company anticipates a strong order year in Industrial Solutions, driven by demand growth in the gas turbine market [29] - Management highlighted a positive outlook for power generation markets, particularly in material handling and industrial machinery, with expectations for upward trends [36] Other Important Information - The company has implemented significant cost-cutting measures, resulting in over $4 million in annualized savings [12] - A focus on team member safety has led to a 51% reduction in the recordable incident rate in 2024 [30] Q&A Session Summary Question: How has the view of the wind business changed post-election? - Management noted improved optimism regarding the wind business, indicating that the election outcome is unlikely to impact Broadwind significantly [32] Question: What are the expectations for 2025 in terms of order recovery? - Management expects 2025 to show similar volume to 2024 with a potential uptick, particularly in wind turbine tower production [34] Question: What products and services are offered outside of wind in power generation? - The Industrial Solutions segment focuses on combined cycle natural gas turbines, providing supply chain solutions and manufacturing services [39] Question: What are the revenue growth strategies outside of wind? - Management outlined a three-tier strategy focusing on process capabilities, quality certifications, and commercial outreach to drive revenue growth [44][46]

| --- | --- | --- | --- | |-------|-------|-------|-------| | | | | | | | | | | SAFE HARBOR STATEMENT This document contains "forward looking statements"—that is, statements related to future, not past, events—as defined in Section 21E of the Securities Exchange Act of 1934, as amended, that reflect our current expectations regarding our future growth, results of operations, financial condition, cash flows, performance, business prospects and opportunities, as well as assumptions made by, and information cu ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-34278 BROADWIND, INC. (Exact name of registrant as specified in its charter) Delaware 88-0409160 (State or other juri ...

EXHIBIT 99.1 Broadwind Announces Third Quarter 2024 Results CICERO, Ill., Nov. 13, 2024 (GLOBE NEWSWIRE) -- Broadwind (Nasdaq: BWEN, or the "Company"), a diversified precision manufacturer of specialized components and solutions serving global markets, today announced results for the third quarter 2024. THIRD QUARTER 2024 RESULTS Total revenue of $35.5 million Net income of $0.1 million Total non-GAAP adjusted EBITDA of $3.4 million, or 9.5% of total revenue Ratio of net debt to trailing twelve-month non-GA ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Let's take a look at what these Wall Street heavyweights have to say about Broadwind Energy, Inc. (BWEN) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Broadwind Energy cu ...