Shares of Tpi Composites Inc (TPIC) are trading 11% higher at a price of $16.075 at the time of this writing.
The stock, along with the rest of the clean energy sector is moving on news that U.S Senator Joe Manchin and Chuck Schumer had reached an a consensus on a climate deal that includes $369 billion in clean energy programs.
If approved by Congress, this deal would be a financial windfall for solar and wind companies, as well as battery producers, and critical mineral producers and processors.
Tpi Composites Inc has been trading between a 52-week high of $44.61 and a 52-week low of $9.23. The stock has a market cap of $599 Million.
TPI Composites, Inc. is the only independent manufacturer of composite wind blades for the wind energy market with a global manufacturing footprint. TPI delivers high-quality, cost-effective composite solutions through long-term relationships with leading OEMs in the wind and transportation markets.