Wind turbine blade manufacturer TPIC's stock soared nearly 90% in pre-market trading.

Before market open on Friday, the stock price of TPI Composites, a manufacturer of wind turbine blades, soared nearly 90%. The company has filed for bankruptcy protection under Chapter 11 of the Bankruptcy Code and has successfully obtained court approval for its first-day motions. The company has secured up to $82.5 million in debtor-in-possession financing to maintain operations.