VWDRY - Broadwind Has Towering Potential And A Not So Towering Valuation
This is a Z4 Research quick update. We spent a little time on the phone with management in the wake of the 1Q20 call. Note that these are our perceptions of the story at present and our comments are not necessarily endorsed by management. Please also see:
- Our initial piece for Seeking Alpha on Broadwind was here.
- And our coverage of the strong 1Q20 results here.
Guidance for 2020 was suspended but our sense is it's still achievable. Were it not for Covid-19 uncertainties, with more tower capacity in hand for the year, earlier in