Broadwind (BWEN) produces onshore wind towers for 3 of the 4 largest U.S. wind turbine manufacturers. Although Biden's Build Back Better (BBB) bill didn't go through we believe a smaller version of BBB will soon go through that includes a 5-year extension of the onshore wind energy Production Tax Credit (PTC). This alone will be a massive catalyst for BWEN, but we also believe it is extremely likely that BWEN will be a BIG part of the supply chain for America's imminent offshore wind energy boom. BWEN will most likely be trading in the $3-$5 per range range within the next month or two. Although we believe North Peak Resources (TSXV: NPR) will far outperform BWEN in the upcoming months, for investors who like to diversify across multiple sectors we believe BWEN is the NASDAQ stock with the most short-term upside potential.
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. NIA's President has purchased 200,000 shares of NPR in the open market. This message is meant for informational and educational purposes only and does not provide investment advice.