Information Provided By:
Fly News Breaks for August 20, 2019
Aug 20, 2019 | 07:35 EDT
Raymond James analyst Pavel Molchanov upgraded TPI Composites to Strong Buy from Outperform, telling investors in a research note that opportunities in the heavy-duty EV market remain underappreciated and provide essentially free optionality vis-a-vis future catalysts. Though TPI is down 29% year-to-date, due to the August 7 cut in EBITDA guidance for 2020, Molchanov contends that the the stock's re-rating to its lowest-ever EBITDA multiple indicates that the margin risk is fully priced in.
News For TPIC From the Last 2 Days
There are no results for your query TPIC