Here's Why TPI Composites Soared in November
Shares in wind blade manufacturer TPI Composites (NASDAQ: TPIC) soared 21.5% in November according to data provided by S&P Global Market Intelligence. The move comes on the back of an excellent set of third-quarter results released early in the month.
The earnings report impressed for two reasons. First, the company demonstrated excellent operating performance amid continuing to catch up for lost production due to the COVID-19 pandemic. Second, management claimed the company was making progress on the service side of the business and it continues to expand manufacturing lines in order to provide for long-term supply agreements (LTSA).
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Source Fool.com
