The share price of $TPIC has dropped by more than 20% after it reported its Earnings report.
Fundamental analysis:
Tpi Composites (TPIC) reported 4th Quarter December 2020 earnings of $0.27 per share on revenue of $465.6 million. The consensus earnings estimate was $0.27 per share on revenue of $451.1 million. Revenue grew 10.3% on a year-over-year basis.
Technical analysis:
As you can see on the graph $50 area acted as resistance on 21 Dec 2020, After it broke up $50, $50 became as Support. Price tested the support end of Dec 2 times and got rejected.
However; on 26 Feb 2021 it broke down $50 support.
Overall analysis:
Wait till the price breaks up $50 and then we can consider Buying.
If we want to be sure then wait until it tests $50 as support then we can consider Buying.
Company profile:
TPI Composites, Inc. manufactures and sells composite wind blades, and related precision molding and assembly systems to original equipment manufacturers (OEMs). The company also provides composite solutions for the transportation industry; and field service inspection and repair services to OEM customers and wind farm owners and operators.
Fundamental analysis:
Tpi Composites (TPIC) reported 4th Quarter December 2020 earnings of $0.27 per share on revenue of $465.6 million. The consensus earnings estimate was $0.27 per share on revenue of $451.1 million. Revenue grew 10.3% on a year-over-year basis.
Technical analysis:
As you can see on the graph $50 area acted as resistance on 21 Dec 2020, After it broke up $50, $50 became as Support. Price tested the support end of Dec 2 times and got rejected.
However; on 26 Feb 2021 it broke down $50 support.
Overall analysis:
Wait till the price breaks up $50 and then we can consider Buying.
If we want to be sure then wait until it tests $50 as support then we can consider Buying.
Company profile:
TPI Composites, Inc. manufactures and sells composite wind blades, and related precision molding and assembly systems to original equipment manufacturers (OEMs). The company also provides composite solutions for the transportation industry; and field service inspection and repair services to OEM customers and wind farm owners and operators.