TPI Composites - TPIC Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TPI Composites in the last year. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" TPIC shares.
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7 Wall Street research analysts have issued 1-year target prices for TPI Composites' shares. Their TPIC share price forecasts range from $16.00 to $24.00. On average, they predict the company's share price to reach $18.45 in the next twelve months. This suggests a possible upside of 35.4% from the stock's current price.
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TPI Composites' stock was trading at $10.14 at the beginning of 2023. Since then, TPIC stock has increased by 34.4% and is now trading at $13.63.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
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TPI Composites, Inc. (NASDAQ:TPIC) released its earnings results on Sunday, November, 7th. The industrial products company reported ($0.83) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.01) by $0.82. The industrial products company earned $479.60 million during the quarter, compared to analysts' expectations of $477.77 million. TPI Composites had a negative trailing twelve-month return on equity of 66.10% and a negative net margin of 6.53%. The firm's revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.69 EPS.

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 (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 trades on the NASDAQ under the ticker symbol "TPIC."

TPI Composites' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Guinness Asset Management LTD (1.10%), Essex Investment Management Co. LLC (0.82%), Scout Investments Inc. (0.75%), Green Alpha Advisors LLC (0.25%), Sumitomo Mitsui Trust Holdings Inc. (0.17%) and Harel Insurance Investments & Financial Services Ltd. (0.14%). Insiders that own company stock include Bam Partners Trust, Bryan Robert Schumaker, Daniel G Weiss, Daniel G Weiss, James Alton Hughes, Jayshree S Desai, Mark Nunneley, Paul G Giovacchini, Ramesh Gopalakrishnan, Steven C Lockard, Steven G Fishbach, Thomas J Castle, Thomas J Castle 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 $13.63.

TPI Composites (NASDAQ:TPIC) has a market capitalization of $571.78 million and generates $1.73 billion in revenue each year. The industrial products company earns $-159,550,000.00 in net income (profit) each year or ($3.97) on an earnings per share basis.

The company employs 14,000 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.