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Why TPI Composites Stock Is Down Today

TheMotleyFool

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Shares of TPI Composites (NASDAQ: TPIC) fell more than 15% on Friday morning after the maker of wind turbine blades trimmed full-year 2021 guidance. The company believes it is just a short-term lull, but with the stock trading at a premium multiple, even a slight flinch tends to cause an outsize reaction.

TPI Composites has been a popular choice for investors looking to take advantage of the shift toward renewable energy. Its shares climbed more than 275% from the start of 2020 through February 2021 on enthusiasm that the Biden administration would invest heavily in green energy alternatives including wind power.

Image source: Getty Images.

Source Fool.com

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