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FAN - TPI Composites Remains An Overly Discounted Name In An Industry With The Wind At Its Back
First Trust Global Wind Energy
Our last update on TPI Composites can be viewed here and may be helpful in better understanding their story. The stock was at $17.76 at the time and we labeled it as "Overly Depressed".
In a nutshell, TPIC is a wind blade maker, supplying blades to a who's who list of turbine makers around the world. Their number 1 customer is Vestas who has been reporting new orders on an almost daily basis.
What's changed since that 2Q19 update above?
They reported 3Q19 Results and delayed their investor day.