AngusMcK

TPIC:NASDAQ - TPI COMPOSITES - Wind-blade Manufacturer

Long
NASDAQ:TPIC   TPI COMPOSITES INC
I thought TPIC was an interesting one . They are one of the leading wind-blade manufacturers and accounted for approximately 18% of all sold onshore wind blades globally in 2019 with over $1.4 billion in net sales and more than 9,500 wind blades sold. These turbine blades can last up to 20 years, but many are taken down after just 10 so they can be replaced with bigger and more powerful designs. With solar and wind energy increasingly popular this could be a company to watch.
Comment: Nice 60% push out of it.

Comment: Go check out this newer analysis by @drewby4321

Comment: Nice 76% run out of it before pulling back.

Comment: Consolidating. I feel like it will run again.

Comment: Not much happening. Back up above resistance which is positive. Might need a re-test before a re-run.

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Comments

I think it got hit by a general sell off in renewables on Friday, a reaction to Tesla inverter news. But the Tesla inverter has little to do with a company that sells wind blades? Will watch it this week.
+1 Reply
AngusMcK drewby4321
@drewby4321, always going to pull back. Anyone who has a wind turbine needs new blades or to scrap it :)
+1 Reply
I am in.
+1 Reply
Good call. I wish I had found this earlier.
+1 Reply
yes. great analysis
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Creativity I want to use Indicator
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