Tecnoglass Surges 75% in 3 Months: More Upside Left?
TGLS – The demand for Tecnoglass’ (TGLS) products has increased significantly over the past few months because of increasing residential construction. But the stock still has plenty of upside because the demand for TGLS’ products from the commercial end-market is expected to increase exponentially in the coming months. Let’s discuss.
Apr 5, 2021
A leading manufacturer of architectural glass and associated aluminum products, TecnoglassInc. (TGLS), has seen its shares gain74.8% over the past three months to close Thursday’s trading session at $12.08. It is currently trading just 2.3% below its all-time high of $12.37, which it hit on March 30, 2021. The company has gained significantly over the past few months because of strong residential demand and recovering commercial end-market conditions.