TPI Composites (TPIC) Stock Forecast, Price & News

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for TPI Composites in the last twelve months. There are currently 8 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities 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 analysts have issued twelve-month target prices for TPI Composites' stock. Their TPIC share price forecasts range from $7.00 to $22.00. On average, they anticipate the company's share price to reach $13.42 in the next twelve months. This suggests a possible upside of 334.2% 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 69.5% and is now trading at $3.09.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
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TPI Composites, Inc. (NASDAQ:TPIC) released its quarterly earnings results on Thursday, August, 3rd. The industrial products company reported ($1.90) earnings per share for the quarter, missing analysts' consensus estimates of ($0.88) by $1.02. The industrial products company earned $381.27 million during the quarter, compared to analysts' expectations of $380.16 million. TPI Composites had a negative trailing twelve-month return on equity of 623.20% and a negative net margin of 7.98%.

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).

TPI Composites updated its second quarter 2023 earnings guidance on Wednesday, July, 26th. The company provided EPS guidance of for the period. The company issued revenue guidance of $380.00 million-$380.00 million, compared to the consensus revenue estimate of $406.08 million.

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 served as the underwriters for the IPO and Cowen and Company, Raymond James and Canaccord Genuity were co-managers.

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

TPI Composites' stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (11.64%), Clean Energy Transition LLP (4.43%), Credit Suisse AG (4.11%), State Street Corp (3.77%), Handelsbanken Fonder AB (2.14%) and Geode Capital Management LLC (2.05%). 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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One share of TPIC stock can currently be purchased for approximately $3.09.

TPI Composites (NASDAQ:TPIC) has a market capitalization of $131.54 million and generates $1.52 billion in revenue each year. The industrial products company earns $-65,310,000.00 in net income (profit) each year or ($4.55) on an earnings per share basis.

The company employs 13,500 workers across the globe.

TPI Composites' mailing address is 8501 N. SCOTTSDALE ROAD GAINEY CENTER II SUITE 100, SCOTTSDALE AZ, 85253. The official website for the company is www.tpicomposites.com. The industrial products company can be reached via phone at (480) 305-8910 or via email at investors@tpicomposites.com.