Why TPI Composites Stock Slumped in February
Shares of wind blade manufacturer TPI Composites (NASDAQ: TPIC) fell by 20.4% in February, according to data from S&P Global Market Intelligence. That steep decline occurred following the release of a disappointing earnings report near the end of the month.
The market's issue with the results comes down to the company's 2021 earnings guidance. For the year, management forecast adjusted earnings before interest, taxation, depreciation, and amortization (EBITDA) in the $110 million to $135 million range, on sales of $1.75 billion to $1.85 billion. The EBITDA guidance range was lower than many had expected, and implies weaker margins than investors might have hoped for.
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Source Fool.com
