The recent dramatic slump in wind blade manufacturer TPI Composites (NASDAQ: TPIC) serves as a stark reminder that growth markets, and the stocks within them, rarely move up in straight lines. That said, how should investors react? Does the crash in such a high-profile wind power stock suggest investors should exit the sector and TPI Composites -- and if so, what is the best way to invest now? Let's take a closer look at what's going on.
The wind blade manufacturer has contracts with all the leading Western manufacturers. Vestas (OTC: VWDRY) represents around 42% of its sales, with General Electric (NYSE: GE) contributing 30%, followed by Nordex at 14% and Siemens Gamesa (OTC: GCTAY) at 10%.
Image source: Getty Images.
For further details see:
There's Still Value in the Renewable Energy Sector