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TPI Composites (TPIC) Jumps: Stock Rises 7.9%

Zacks Equity Research

TPI Composites, Inc. TPIC was a big mover last session, as the company saw its shares rise nearly 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $23.14 to $27.77 in the past one-month time frame.

The stock gained following news that the company has signed multiyear supply agreement with Vestas Wind Systems to provide blades for India and export markets.

The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

TPI Composites currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is 0.00%.  

TPI Composites, Inc. Price

TPI Composites, Inc. Price | TPI Composites, Inc. Quote

Investors interested in the Industrial Services industry may consider DMC Global Inc. BOOM, which has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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