Why TPI Composites Stock Jumped 20% Today in a Down Market
The stock market is sinking further today, but shares of TPI Composites (NASDAQ: TPIC) are defying the sell-off and trading up 4% higher as of 9:50 a.m. ET on Friday, after zooming 20% higher within five minutes of the market's opening.
The composite wind blades manufacturer announced its first-quarter numbers yesterday after market close, and for a change, the company beat analysts' estimates.
TPI Composites has consistently missed earnings estimates for several quarters now, and the company has struggled to grow.
Source Fool.com
