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Broadwind Energy Commences Public Offering Of Common Stock

Stocks in this article: BWEN

Broadwind Energy, Inc. (NASDAQ:BWEN) today announced that it is offering to sell shares of its common stock in an underwritten public offering. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. Broadwind expects to use the anticipated net proceeds from the offering for general corporate purposes.

Lazard Capital Markets LLC is acting as the sole book-running manager for the offering.

The securities described above are being offered by Broadwind Energy pursuant to a shelf registration statement on Form S-3, together with a base prospectus, previously filed and declared effective by the Securities and Exchange Commission (SEC). The securities may be offered only by means of a prospectus. A preliminary prospectus supplement relating to and describing the terms of the offering will be filed today with the SEC and will be available on the SEC's web site at www.sec.gov. Copies of the preliminary prospectus supplement and, when available, the final prospectus supplement may be also obtained from Lazard Capital Markets LLC, 30 Rockefeller Plaza, 60th Floor, New York, NY 10020 or via telephone at (800) 542-0970.

This release shall not constitute an offer to sell or the solicitation of an offer to buy any securities of Broadwind Energy, Inc., nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Broadwind Energy, Inc.

Broadwind Energy (NASDAQ: BWEN) applies decades of deep industrial expertise to innovate integrated solutions for customers in the energy and infrastructure markets. From gears and gearing systems for wind, oil and gas and mining applications to wind towers, to comprehensive remanufacturing of gearboxes and blades, to operations and maintenance services, and heavy weldments, we have solutions for the energy needs of the future. With facilities throughout the U.S., Broadwind Energy's talented team of 800 employees is committed to helping customers maximize performance of their investments—quicker, easier and smarter.

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