Why TPI Composites Stock Got a Lift Today
Shares of TPI Composites (NASDAQ: TPIC) shot up in early morning trading Thursday, popping by as much as 11%. In recent months, the world's largest independent manufacturer of composite wind blades has received multiple analyst downgrades, and its shares have been slammed. So when an analyst upgrades such a stock, it's understandable that the market would react strongly. As of 12:21 p.m. ET, the stock's gains had moderated, though it was still up by 4.4%.
UBS (NYSE: UBS) analyst Jon Windham just upgraded his rating on TPI Composites stock to neutral from sell, according to StreetInsider.com.
Image source: Getty Images.
Source Fool.com
