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Why TPI Composites Stock Sank 21% Today

TheMotleyFool

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Shares of TPI Composites (NASDAQ: TPIC) stock -- the biggest manufacturer of wind turbine blades that you've never heard of -- got absolutely crushed today, its stock closing down 20.9%. Shockingly, this happened after the company beat earnings in its fiscal second quarter.

Heading into Thursday evening's earnings report, analysts expected TPI to report a $0.28-per-share pro forma loss for its fiscal second quarter. Instead, the company earned a profit of $0.13 (adjusted for one-time items).

Image source: Getty Images.

Quelle Fool.com

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