Broadwind Energy (NASDAQ:BWEN) (NASDAQ: BWEN) is a global industrial manufacturing company specializing in the design, engineering and production of highly engineered components for the renewable energy, hydro, water and oil & gas sectors. Founded in 1975 in Custer, Wisconsin, the company has evolved from a regional machine shop into a diversified supplier of critical mechanical systems. In 2001 it adopted the Broadwind Energy name to reflect its growing focus on wind turbine technologies and other renewable energy solutions.
The company operates through two primary business segments. Its Energy Products segment develops and manufactures wind turbine bearings, couplings, hubs, yaw drives and gearboxes, as well as hydro and water pump systems. These products are used by turbine OEMs and power plant operators to enhance reliability, improve efficiency and extend equipment life. The Industrial Machinery segment offers precision machining, fabrication and assembly services for customers in the oil & gas, defense and specialty industrial markets, providing custom-engineered solutions tailored to rigorous performance requirements.
Broadwind Energy serves a diverse customer base across North America, Europe and Asia, leveraging manufacturing facilities in the United States, Europe and India to meet global demand. A network of aftermarket service centers and strategic partnerships enables the company to deliver on-site support, spare parts and maintenance programs for installed equipment. Under the leadership of President and CEO Jason Lockrem, Broadwind continues to invest in advanced manufacturing technologies, research and development, and sustainable product design to address the evolving needs of the renewable energy sector.
