{"id":52165,"date":"2023-12-02T17:43:34","date_gmt":"2023-12-02T17:43:34","guid":{"rendered":"https:\/\/prosfunds.com\/investing\/broadwind-shares-fall-after-3q-revenue-miss\/"},"modified":"2023-12-02T17:43:35","modified_gmt":"2023-12-02T17:43:35","slug":"broadwind-shares-fall-after-3q-revenue-miss","status":"publish","type":"post","link":"https:\/\/prosfunds.com\/?p=52165","title":{"rendered":"Broadwind Shares Fall After 3Q Revenue Miss"},"content":{"rendered":"
\n

By Dean Seal<\/p>\n

Shares of Broadwind were trading lower after the company’s third-quarter revenue missed expectations and its chief executive warned that 2024 would be a “transitional year” for the still-recovering industry.<\/p>\n

The stock was down 20% at $2.28 in early trading. Shares are still up 28% year-to-date.<\/p>\n

\n

The wind energy manufacturer logged third-quarter revenue of $57.1 million, up from $44.8 million in the year-ago quarter but under analyst projections for $58.2 million, according to FactSet.<\/p>\n

Chief Executive Eric Blashford said Broadwind is seeing early signs of recovery in onshore wind markets, but that “2024 is expected to be a transitional year for the industry.”<\/p>\n

<\/pre>\n
Write to Dean Seal at dean.seal@wsj.com<\/p>\n
<\/pre>\n<\/p><\/div>\n<\/div>\n
Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"
By Dean Seal Shares of Broadwind were trading lower after the company’s third-quarter revenue missed expectations and its chief executive warned that 2024 would be a “transitional year” for the still-recovering industry. The stock was down 20% at $2.28 in early trading. Shares are still up 28% year-to-date. The wind energy manufacturer logged third-quarter revenue […]<\/p>\n","protected":false},"author":1,"featured_media":3704,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[32],"tags":[],"class_list":{"0":"post-52165","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing"},"yoast_head":"\nBroadwind Shares Fall After 3Q Revenue Miss | Prosfunds<\/title>\n<meta name=\"description\" content=\"By Dean Seal Shares of Broadwind were trading lower after the company's third-quarter revenue missed expectations and its chief executive warned that 2024\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/prosfunds.com\/?p=52165\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" 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