My Top Renewable Energy Stock to Buy in March
Shares of wind blade manufacturer TPI Composites (NASDAQ: TPIC) got walloped over the past week because Wall Street didn't like its 2021 guidance. The earnings report, paired with a broad market pullback, put a lot of pressure on TPI's stock price, which is now down around 30% in just one week.
While TPI's 2020 results were actually quite good, there's concern that its growth rate is slowing. It's something no investor wants to hear, especially when the company isn't consistently turning a profit. However, TPI expects to return to profitability in 2021, and could be in the beginning stages of years of earnings growth. Here's why, TPI is my top renewable energy stock to buy in March.
Image source: Getty Images.
Source Fool.com
