Interest Rates Are Rising At a Good Time for This Renewable Energy Stock
Shares of wind blade manufacturer TPI Composites (NASDAQ: TPIC) have fallen by 40% in two weeks. The initial sharp drop was triggered by the company's somewhat weak fourth-quarter earnings report it delivered on Feb. 25, but shares have continued to lose ground in the broader market sell-off.
Rising interest rates and valuation concerns are two of the biggest factors that have been dragging down stocks. With that in mind, let's examine TPI Composites' financial position to determine how vulnerable it is to rising interest rates.
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Source Fool.com
