Down 53% From Its High, Is This Renewable Energy Stock a Buy?

·5 min read
Down 53% From Its High, Is This Renewable Energy Stock a Buy?

TPI depends on a healthy and growing global wind energy industry so that it can manufacture more blades to support new wind projects. Unfortunately, lower demand for wind blades, higher raw material costs, and supply chain constraints led TPI to lower its full-year guidance -- sending shares down over 10% on Friday. The COVID-19 pandemic followed by a general slowdown in the wind energy industry couldn't have come at a worse time for TPI.

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