Thomas Wagner - Broadwind Independent Director

9IRA Stock  EUR 1.82  0.09  4.71%   

Director

Mr. Thomas A. Wagner is an Independent Director of the Company, since March 25, 2011. Mr. Wagner was the Chief Product Officer at Ogin, Inc., a wind turbine design and supply company. He is currently supporting various consulting assignments and working on products with potential to consume environmental carbon dioxide. From January 2011 to May 2012, Mr. Wagner was the Engineering Head at Nordic Windpower USA, a wind turbine manufacturer to the community and distributed utility wind power segments. From January 2006 through December 2010, he served as Chief Technology Officer of Gas Turbine Efficiency plc, an early stage company focused on turbine efficiency, where he led the design and validation of technology to enhance the operation of aviation, industrial and power generation turbines around the world. Mr. Wagner has worked in the diversified energy industry for more than 30 years, including positions as Vice President, Technology and Production for Hess Microgen, an affiliate of Amerada Hess Corporationrationration, and various engineering leadership positions at General Electric Company . From 2002 through 2005, he served as General Manager Technology Leadership for Wind Energy for GE Wind, where, among other things, he participated in the development of the reliability programs and product improvement plans for GEs 1.5 MW wind turbine since 2011.
Age 67
Tenure 14 years
Phone708 780 4800
Webhttps://www.bwen.com
Wagner holds a BS degree in engineering from Cornell University and a MS degree in mechanics from Rensselaer Polytechnic Institute. The Governance/Nominating Committee concluded that Mr. Wagner should serve as a director as of the date of this Proxy Statement on the basis of his demonstrated technology leadership over the course of his career, as well as his strong technical background and understanding of the products that we provide and the industries in which we operate.

Thomas Wagner Latest Insider Activity

Tracking and analyzing the buying and selling activities of Thomas Wagner against Broadwind stock is an integral part of due diligence when investing in Broadwind. Thomas Wagner insider activity provides valuable insight into whether Broadwind is net buyers or sellers over its current business cycle. Note, Broadwind insiders must abide by specific rules, including filing SEC forms every time they buy or sell Broadwind'sshares to prevent insider trading or benefiting illegally from material non-public information that their positions give them access to.

Broadwind Management Efficiency

The company has return on total asset (ROA) of (0.0441) % which means that it has lost $0.0441 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.2074) %, meaning that it generated substantial loss on money invested by shareholders. Broadwind's management efficiency ratios could be used to measure how well Broadwind manages its routine affairs as well as how well it operates its assets and liabilities.
Broadwind has accumulated 177 K in total debt with debt to equity ratio (D/E) of 0.55, which is about average as compared to similar companies. Broadwind has a current ratio of 1.26, suggesting that it is in a questionable position to pay out its financial obligations in time and when they become due. Debt can assist Broadwind until it has trouble settling it off, either with new capital or with free cash flow. So, Broadwind's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Broadwind sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Broadwind to invest in growth at high rates of return. When we think about Broadwind's use of debt, we should always consider it together with cash and equity.
Broadwind, Inc. manufactures and sells structures, equipment, and components for clean tech and other specialized applications primarily in the United States. The company was formerly known as Broadwind Energy, Inc. and changed its name to Broadwind, Inc. in May 2020. BROADWIND INC operates under Specialty Industrial Machinery classification in Germany and is traded on Frankfurt Stock Exchange. It employs 512 people. Broadwind (9IRA) is traded on Frankfurt Exchange in Germany and employs 493 people.

Management Performance

Broadwind Leadership Team

Elected by the shareholders, the Broadwind's board of directors comprises two types of representatives: Broadwind inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Broadwind. The board's role is to monitor Broadwind's management team and ensure that shareholders' interests are well served. Broadwind's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Broadwind's outside directors are responsible for providing unbiased perspectives on the board's policies.
Joni Konstantelos, Director Communications
Ashwini Rao, Chief Officer
Erik Jensen, Vice President and Chief Human Capital Officer
Hayes Kennedy, Chief VP
Phil Christman, Independent Director
Terence Fox, Independent Director
Thomas Wagner, Independent Director
Thomas Ciccone, CFO VP
Gilbert Mayo, President - Broadwind Industrial Solutions, LLC
Eric Blashford, President, Chief Executive Officer, Chief Operating Officer
Philip Christman, Independent Director
David Reiland, Independent Chairman of the Board
Cary Wood, Lead Independent Director
Michael Stegelmann, Managing Europe
Arlene McKenzie, Co Sec
Daniel Schueller, President - Broadwind Heavy Fabrications, Inc
Wayne Hanna, President - Brad Foote Gear Works, Inc
Jason Bonfigt, Chief Financial Officer, Principal Accounting Officer, Vice President, Treasurer
Stephanie Kushner, President CEO, Director

Broadwind Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Broadwind a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Currently Active Assets on Macroaxis

Other Information on Investing in Broadwind Stock

Broadwind financial ratios help investors to determine whether Broadwind Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Broadwind with respect to the benefits of owning Broadwind security.