$BWEN is the best the most de-risked penny stock in the entire market and it is right in the middle of the AI Infra build out. $100k+ position
Before anyone cries the stock is up 50% today, no shit , it is. they confirmed their super cycle thesis today. idiots sold last week thinking they sold their wind business for pennies on the dollar, that was the smartest things they did.
6 weeks ago started looking at Broadwind ($BWEN) and the more I dug the more I couldn't believe nobody was talking about it. $62M market cap, 100% domestic manufacturer, making the actual steel guts of the gas turbines that are now powering AI data centers. Nobody cared because the wind business was dying. Here's the thing — management knew the wind business was dying. They sold it.
GE Vernova is in the middle of a power super cycle. Gas turbine orders were up 77% in 2025. The hyperscalers — Microsoft, Google, Amazon, Meta — are all signing power purchase agreements for natural gas because their AI data centers need 24/7 reliable power and renewables can't deliver that on demand. Every new AI campus needs turbines. GEV is booking them faster than at any point in the company's history.
Here's where BWEN comes in. They don't make the turbines. They make the precision gearing and structural components that go inside the turbines. GEV's tier-one suppliers buy from BWEN. And there's a 6-18 month lag between when GEV books an order and when the component pull-through reaches BWEN's shop floor.
Which means GEV's 77% order surge from 2025 was just starting to hit BWEN's backlog. Their Industrial Solutions backlog hit an all-time record for the fifth straight quarter. Their largest customer gave them a supplier quality award for "quick response to their significant growth in demand." The CEO said on the March call: "our primary customers, their primary customer, GE, says orders increased 77% in 2025 — that demand is flowing through the supply chain."
**Why the stock was cheap:**
The trailing numbers looked terrible because they had just divested their wind tower business (Abilene, TX). Wind was contributing $9.7M of EBITDA. Proforma EPS without wind was negative. Everybody saw the reported numbers, saw the guidance withdrawal after the sale, and bailed. The stock got priced like a dying wind company when it was actually a growing power generation fabricator with a spotless balance sheet, $40M cash, and 45% facility utilization —meaning the operating leverage was completely idle.
**What just confirmed today:**
The backlog keeps growing. They said their biggest customer (which is GEV) is sold out till 2030. This means money in the banks for BWEN. They said they are in the middle of a super cycle. They said their backlog will keep on growing and Q1 is the lowest of the year. They are entering oil and defense,
The whole thesis was: 45% facility utilization, $40M cash post-Abilene, a record backlog, and a CEO who knows exactly what's driving demand. Today the CEOsaid it directly: "Natural gas turbine demand remains very strong, driven by AI center boom and global electrification." And then: "We see the continuing strength in orders as the beginning of a super cycle for which we are prepared."
They're also expanding their North Carolina facility by 30% starting this quarter. They're not waiting to see if this demand is real — they're building for it.
**Why I'm not selling:**
IS backlog just hit a record again at $43.3M. They're booking work into 2027 and 2028. The North Carolina expansion adds 30% capacity just as the GEV order surge is still in the early innings of converting to pull-through. And they're pursuing defense work and oil/gas aftermarket on top of the gas turbine story.
The wind noise is almost gone — Q3 2026 is the last wind production quarter. After that the reported numbers will finally look like the underlying business: two segments growing 40-60% in the middle of a gas turbine supercycle, run by a management team that's been threading this needle for two years.
Today is a nice day. The story is still early. The wind is gone from their business but this stock might be the next Babcock and Wilcox
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Not financial advice, I just spent way too many hours reading earnings transcripts.
Position Below:
https://preview.redd.it/lbxxxgxcwq0h1.png?width=430&format=png&auto=webp&s=25461e851879f38e7fba1631282670029d9b18b6