The stock of TPI Composites Inc (NASDAQ:TPIC) reached all time high today, Oct, 7 and still has $37.42 target or 64.00% above today’s $22.82 share price. This indicates more upside for the $784.00M company. This technical setup was reported by Barchart.com. If the $37.42 PT is reached, the company will be worth $501.76 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 211,488 shares traded hands. TPI Composites Inc (NASDAQ:TPIC) has risen 6.00% since September 7, 2016 and is uptrending. It has underperformed by 2.04% the S&P500.
Analysts await TPI Composites Inc (NASDAQ:TPIC) to report earnings on November, 9.
According to Zacks Investment Research, “TPI Composites, Inc. is the manufacturer of composite wind blades for the wind energy market. It operates primarily in the U.S., Mexico, China and Turkey. TPI Composites, Inc. is headquartered in Scottsdale, Arizona.”
More notable recent TPI Composites Inc (NASDAQ:TPIC) news were published by: Marketwatch.com which released: “TPI Composites started at outperform with $20 stock price target at Raymond James” on June 19, 2016, also Finance.Yahoo.com with their article: “TPI Composites Inc. Names Ramesh Gopalakrishnan Vice President of Technology …” published on September 12, 2016, Globenewswire.com published: “TPI Composites Prices Initial Public Offering” on July 21, 2016. More interesting news about TPI Composites Inc (NASDAQ:TPIC) were released by: Globenewswire.com and their article: “TPI Composites Inc. Announces Second Quarter 2016 Earnings Release Date and …” published on August 05, 2016 as well as Nasdaq.com‘s news article titled: “TPI Composites Added to Russell 2000 Index” with publication date: October 03, 2016.
TPIC Company Profile
TPI Composites, Inc. (TPI) is engaged in manufacturing wind blades, and related precision molding and assembly systems. The Firm operates through four geographic operating divisions: the United States, Asia, Mexico and Europe, the Middle East and Africa (EMEA). The Company’s clients include wind turbine original equipment manufacturers (OEMs).
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