Alternative resources company Broadwind Energy Inc. reportedly received US $87 million worth of orders from an unnamed American manufacturer of wind turbines. The report propelled share prices of the Cicero, Illinois-based manufacturer of steel towers to more than double this year after closing at US $5.50 at 8:52 a.m. during the pre-market trading in New York.  

The steel towers will be manufactured from its factories in Manitowoc, Wisconsin and Abilene, Texas, a company statement disclosed. It is set to deliver the orders next year.

All in all, Broadwind already received US $200 million worth of towers in 2013, an indication of the improving climate for wind energy industry in the US.

Peter C. Duprey, Chief Executive Officer of Broadwind said that the company's "tower business continues to benefit from the rebound of the U.S. wind energy industry as a result of the Production Tax Credit extension and the continuing decline in the cost of electricity from wind energy."