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Transaction Details

Company: TPI Composites
Ticker:TPIC
Yahoo Beta:1.36
Industry:Heavy electrical equipment

Company Description:  TPI Composites manufactures composite wind turbine blades.

Purchase Date:19 Apr 2017 Sale Date:17 Oct 2019
Purchase Price:$20.25 Sale Price:$19.35
  --Split Adjusted:$20.25  --Split Adjusted:$19.35
Shares Purchased:100 Shares Sold:100
  --Split Adjusted:100  --Split Adjusted:100
Transaction Fee:$6.95 Transaction Fee:$0.06
Price Range (6 Months Prior):    Price Range (6 Months After):    
High$22.67 High$0.00
Date07 Oct 2016 Date01 Jan 1996
Low$13.36 Low$0.00
Date15 Nov 2016 Date01 Jan 1996
S&P (Purchase Date):$2,338.17 S&P (Sale Date):$2,999.61

Purchase
Timing:  We bought above the midpoint of the six month range.
Reason:  TPI Composite is the leading producer of composite wind turbine blades. Wind power is growing rapidly. TPIC's stock price dropped precipitously following the announcement that GE would begin producing some of its own composite blades. However, TPIC still has superior technology and has a number of long-term contracts. TPIC meets our criteria for socially responsible investing because of its focus on renewable energy.

Sale
Timing:  x
Reason:  93% of TPI Composite's revenue comes from 4 customers. The largest customer, GE, recently bought out TPI's largest competitor. Another of its smaller customers recently declared bankruptcy. The business has high forex exposure. The company recently cut revenue and profit guidance for 2020.

S&P Gain: 28.29 % Annualized Gain: 10.89%
Stock Gain: -4.44 % Annualized Gain: -1.87%

Dividends:$0.00
Net Holding Return ($): $-97.01
Net Holding Return (%): -4.77 %