NASDAQ:TPIC - TPI Composites Stock Price, News, & Analysis

TPI Composites trades on the NASDAQ under the ticker symbol "TPIC."

TPI Composites Inc (NASDAQ:TPIC) issued its earnings results on Wednesday, May, 8th. The industrial products company reported ($0.35) earnings per share for the quarter, topping the Zacks' consensus estimate of ($0.37) by $0.02. The industrial products company earned $299.78 million during the quarter, compared to the consensus estimate of $300.16 million. TPI Composites had a negative return on equity of 8.24% and a negative net margin of 1.44%. View TPI Composites' Earnings History.

TPI Composites is scheduled to release their next quarterly earnings announcement on Wednesday, August 7th 2019. View Earnings Estimates for TPI Composites.

TPI Composites will be holding an earnings conference call on Wednesday, August 7th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8774079208.

TPI Composites updated its FY19 earnings guidance on Wednesday, May, 8th. The company provided earnings per share guidance of $(0.03-0.09) for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.34. The company issued revenue guidance of $1.45-1.5 billion, compared to the consensus revenue estimate of $1.48 billion.

6 Wall Street analysts have issued 1 year price objectives for TPI Composites' stock. Their forecasts range from $30.00 to $45.00. On average, they anticipate TPI Composites' stock price to reach $37.1667 in the next twelve months. This suggests a possible upside of 42.7% from the stock's current price. View Analyst Price Targets for TPI Composites.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TPI Composites in the last year. There are currently 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for TPI Composites.

News coverage about TPIC stock has been trending positive on Tuesday, InfoTrie Sentiment reports. The research firm identifies positive and negative press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. TPI Composites earned a media sentiment score of 2.2 on InfoTrie's scale. They also gave media headlines about the industrial products company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the next few days. View News Stories for TPI Composites.

TPI Composites saw a increase in short interest during the month of June. As of June 30th, there was short interest totalling 2,933,000 shares, an increase of 16.9% from the May 30th total of 2,508,600 shares. Based on an average daily volume of 468,900 shares, the days-to-cover ratio is presently 6.3 days. Approximately 10.0% of the shares of the company are sold short. View TPI Composites' Current Options Chain.

Some companies that are related to TPI Composites include Mosenergo Pao (AOMOY), China Yuchai International (CYD), Briggs & Stratton (BGG), Westport Fuel Systems (WPRT), Power Solutions International (PSIX), Capstone Turbine (CPST), Terra Tech (TRTC), REGI U.S. (RGUS), American Power Group (APGI) and Coates International (COTE).

Based on aggregate information from My MarketBeat watchlists, some companies that other TPI Composites investors own include InterDigital Wireless (IDCC), Baidu (BIDU), Cronos Group (CRON), Canopy Growth (CGC), Twilio (TWLO), Visa (V), Stag Industrial (STAG), UnitedHealth Group (UNH), Micron Technology (MU) and NVIDIA (NVDA).

(TPIC) raised $72 million in an IPO on Friday, July 22nd 2016. The company issued 6,300,000 shares at $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 a number of of institutional and retail investors. Top institutional shareholders include Handelsbanken Fonder AB (5.42%), Cortina Asset Management LLC (0.92%), Scout Investments Inc. (0.69%), Peregrine Capital Management LLC (0.53%), IMA Wealth Inc. (0.33%) and Perella Weinberg Partners Capital Management LP (0.10%). Company insiders that own TPI Composites stock include Daniel G Weiss, Element Partners Ii Intrafund, Element Partners Ii Lp, Investors L P Angeleno II, Jack A Henry, Landmark Equity Advisors Llc, Michael Lawrence Derosa, Paul G Giovacchini, Philip J Deutch, Stephen Bransfield, Steven C Lockard, Thomas J Castle and William E Siwek. View Institutional Ownership Trends for TPI Composites.

TPIC stock was sold by a variety of institutional investors in the last quarter, including Perella Weinberg Partners Capital Management LP. Company insiders that have sold TPI Composites company stock in the last year include Daniel G Weiss, Element Partners Ii Intrafund, Element Partners Ii Lp, Michael Lawrence Derosa, Philip J Deutch, Steven C Lockard and Thomas J Castle. View Insider Buying and Selling for TPI Composites.

TPIC stock was acquired by a variety of institutional investors in the last quarter, including Scout Investments Inc., Peregrine Capital Management LLC, Handelsbanken Fonder AB, IMA Wealth Inc., Cortina Asset Management LLC and TCI Wealth Advisors Inc.. Company insiders that have bought TPI Composites stock in the last two years include Jack A Henry, Paul G Giovacchini, Stephen Bransfield, Steven C Lockard and William E Siwek. View Insider Buying and Selling for TPI Composites.

Shares of TPIC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of TPIC stock can currently be purchased for approximately $26.05.

TPI Composites has a market capitalization of $912.14 million and generates $1.03 billion in revenue each year. The industrial products company earns $5.28 million in net income (profit) each year or $0.08 on an earnings per share basis. TPI Composites employs 10,600 workers across the globe.View Additional Information About TPI Composites.

The official website for TPI Composites is http://www.tpicomposites.com/.

TPI Composites' mailing address is 8501 N. SCOTTSDALE ROAD GAINEY CENTER II SUITE 100, SCOTTSDALE AZ, 85253. The industrial products company can be reached via phone at 480-305-8910 or via email at [email protected]