5 Best Wind Power and Solar Stocks To Buy

Page 1 of 5

In this piece, we will take a look at the five best wind power and solar stocks to buy. For more stocks, head on over to 11 Best Wind Power and Solar Stocks To Buy.

5. TPI Composites, Inc. (NASDAQ:TPIC)

Number of Hedge Fund Holders: 29

TPI Composites, Inc. (NASDAQ:TPIC) is a backend wind power equipment provider. The firm makes and sells wind turbine blades and assembly solutions. It is a global firm with operations in the U.S., Europe, Mexico, the Middle East, and Africa. TPI Composites, Inc. (NASDAQ:TPIC) is headquartered in Scottsdale, Arizona.

TPI Composites, Inc. (NASDAQ:TPIC) has a whopping $2.7 billion of incoming revenue from contracts until 2024, which is significantly higher than the firm’s current market capitalization of $472 million. The firm is expected to grow its sales by 9% next year and post a 7% operating income growth in 2024. It also has a strong balance sheet with $981 million in total assets and $586 million in liabilities.

Insider Monkey’s Q3 2022 survey of 920 hedge funds revealed that 29 had invested in TPI Composites, Inc. (NASDAQ:TPIC).

TPI Composites, Inc. (NASDAQ:TPIC)’s largest shareholder is Israel Englander’s Millennium Management which owns one million shares that are worth $11 million.

Follow Tpi Composites Inc


Page 1 of 5