Why TPI Composites Stock Plummeted Today
The passage of President Joe Biden's $1.2 trillion infrastructure bill, which includes billions of dollars for clean energy projects, should have ideally sent shares of the world's largest independent manufacturer of composite wind blades higher.
Instead, TPI Composites (NASDAQ: TPIC) stock tumbled Tuesday morning, and was down by 16.7% as of 3:40 p.m. EST after dismal quarterly numbers and a week outlook from management attracted multiple stock downgrades.
Here's how the wind energy company fared in the third quarter:
Source Fool.com
