TPI Composites Stock Price, News & Analysis (NASDAQ:TPIC)

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for TPI Composites in the last twelve months. There are currently 9 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" TPIC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TPIC, but not buy additional shares or sell existing shares.
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13 equities research analysts have issued 1-year price targets for TPI Composites' stock. Their TPIC share price targets range from $3.00 to $22.00. On average, they predict the company's stock price to reach $12.08 in the next year. This suggests a possible upside of 372.0% from the stock's current price.
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TPI Composites' stock was trading at $10.14 at the beginning of the year. Since then, TPIC stock has decreased by 74.8% and is now trading at $2.56.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 28th 2024.
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TPI Composites, Inc. (NASDAQ:TPIC) issued its quarterly earnings data on Thursday, November, 2nd. The industrial products company reported ($1.71) earnings per share for the quarter, missing analysts' consensus estimates of ($0.62) by $1.09. The industrial products company had revenue of $372.86 million for the quarter, compared to the consensus estimate of $377.81 million. TPI Composites had a negative trailing twelve-month return on equity of 623.20% and a negative net margin of 11.97%.

ETFs with the largest weight of TPI Composites (NASDAQ:TPIC) stock in their portfolio include ProShares S&P Kensho Cleantech ETF (CTEX), Gen Z ETF (ZGEN), SPDR S&P Kensho Clean Power ETF (CNRG), AXS Green Alpha ETF (NXTE), Fidelity Clean Energy ETF (FRNW), Global X Wind Energy ETF (WNDY), SmartETFs Sustainable Energy II ETF (SOLR) and First Trust Global Wind Energy ETF (FAN).

4 employees have rated TPI Composites Chief Executive Officer William E. Siwek on Glassdoor.com. William E. Siwek has an approval rating of 100% among the company's employees. This puts William E. Siwek in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other TPI Composites investors own include NVIDIA (NVDA), Baidu (BIDU), Cisco Systems (CSCO), JD.com (JD), Inseego (INSG), BioXcel Therapeutics (BTAI), Baozun (BZUN), Alibaba Group (BABA), Boeing (BA) and Bilibili (BILI).

(TPIC) raised $72 million in an initial public offering on Friday, July 22nd 2016. The company issued 6,300,000 shares at a price of $11.00-$12.00 per share. J.P. Morgan and Morgan Stanley acted as the underwriters for the IPO and Cowen and Company, Raymond James and Canaccord Genuity were co-managers.

TPI Composites' stock is owned by many different retail and institutional investors. Top institutional investors include Invesco Ltd. (3.55%), Handelsbanken Fonder AB (3.05%), Carmignac Gestion (2.58%), Covalis Capital LLP (1.92%), Charles Schwab Investment Management Inc. (1.65%) and Rock Point Advisors LLC (1.49%). Insiders that own company stock include Bam Partners Trust, Bryan Robert Schumaker, Daniel G Weiss, Daniel G Weiss, James Alton Hughes, Jerrold I Lavine, Mark Nunneley, Paul G Giovacchini, Ramesh Gopalakrishnan, Ryan D Miller, Steven C Lockard, Steven G Fishbach, Thomas J Castle, Tyrone Michael Jordan and William E Siwek.
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Shares of TPIC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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