United States

United States

Broadwind hit by market conditions

US: Supply chain company Broadwind Energy could not escape the US wind industry downturn.

It reported 2009 revenue of $197.8 million and a net loss of $110.1 million. This compares with a net loss of $25.3 million in 2008, on revenue of $217.3 million.

Broadwind chief executive J. Cameron Drecoll cited market conditions and lower fourth quarter purchases from customers.

"The good news is we are now seeing increases in orders from some of these same customers, and are actively engaged in negotiations on other new contracts," said Drecoll.

 

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