Long Position on TPIC @ $20.31 on 9/9/2016 (Momentum)

TPI Composites, Inc. (TPIC) is engaged in manufacturing wind blades, and related precision molding and assembly systems.

The Company operates through four geographic operating segments: the United States, Asia, Mexico and Europe, the Middle East and Africa (EMEA).

The United States segment includes the manufacturing of wind blades at its Newton, Iowa plant; the manufacturing of precision molding and assembly systems used for the manufacture of wind blades, and the manufacturing of composite solutions for the transportation industry.

The Asia segment includes the manufacturing of wind blades in facilities in Taicang Port, China and over two in Dafeng, China; the manufacturing of precision molding and assembly systems in its Taicang City, China facility, and wind blade inspection and repair services.

The Mexico segment manufactures wind blades from a facility in Juarez, Mexico. The EMEA segment manufactures wind blades from a facility in Izmir, Turkey.

Shares of this recent IPO have formed a bullish "flag" and higher share prices are expected for this stock. Here are a few statistics about this stock:

Management owns 80% of the shares; 3-Year Sales Growth Rate 64%; EPS % Chg (Last Qtr) 183%; 3-Year Sales Growth Rate 64%;  EPS Due Date 10/28/2016.

52-Weeks Trading Range: $11.31 - $21.45

Entry Point: $20.31

Stop Loss: $19.20

Target Price: $22.35

Position closed on 9/12/2016 at price of $19.00 with a -6.45% loss in 2 days.

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