Why TPI Composites Stock Slumped in February

Lee Samaha, The Motley Fool
·2-min read
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. The issue comes down to the removal of five production lines in China. Furthermore, during the earnings call CFO Bryan Schumaker said that he expected "the other 10 lines to be operating at a lower utilization during the back half of the year."