Tuesday, July 6, 2010

Broadwind Energy Signs a Deal with Gamesa, Stock pops 18 % (BWEN)

The stock is trading at $3.30 up 18.28%.
We haven't looked at BWND since:
Interview with JP Morgan's Christopher Blansett: "Why Wind is a Better Buy than Solar" (BWEN; FAN; FSLR; TAN; GE)
I'd have more faith in Mr. Blansett if it weren't for "Wind: Things that Make You Say Hmmm- JP Morgan's "Buy" on Broadwind Energy (BWEN)". He came out with an overweight rating on BWEN, three days before the company reported (Mar. 12). Here's what the stock did (UPDATED to 4-29)...

From Reuters:
* Says expects to supply towers in Q4
* Shares up as much as 37 pct

July 6 (Reuters) - Broadwind Energy (BWEN.O) said its unit Tower Tech Inc would supply structural wind towers to Spain's Gamesa Corporacion Tecnologica (GAM.MC) for installation in wind sites in the United States.

Tower Tech, which makes heavy wind towers, expects to deliver these towers to Gamesa's U.S. unit Gamesa Technology Corp during the fourth quarter, the company said in a statement....MORE