NASDAQ:TPICTPI Composites Stock Price, Forecast & News

TPI Composites' stock was trading at $17.06 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, TPIC shares have increased by 43.0% and is now trading at $24.40. View which stocks have been most impacted by Coronavirus.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TPI Composites in the last year. There are currently 10 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for TPI Composites.

TPI Composites is scheduled to release its next quarterly earnings announcement on Wednesday, August 5th 2020. View our earnings forecast for TPI Composites.

TPI Composites Inc (NASDAQ:TPIC) announced its quarterly earnings data on Thursday, May, 7th. The industrial products company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.28) by $0.27. The industrial products company had revenue of $356.64 million for the quarter, compared to analyst estimates of $311.70 million. TPI Composites had a negative net margin of 0.27% and a positive return on equity of 0.79%. The firm's revenue was up 19.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.35) earnings per share. View TPI Composites' earnings history.

11 analysts have issued 1 year target prices for TPI Composites' stock. Their forecasts range from $24.00 to $32.00. On average, they expect TPI Composites' stock price to reach $28.10 in the next year. This suggests a possible upside of 15.2% from the stock's current price. View analysts' price targets for TPI Composites.

News coverage about TPIC stock has trended negative recently, InfoTrie reports. The research group scores the sentiment of news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. TPI Composites earned a news impact score of -2.1 on InfoTrie's scale. They also assigned press coverage about the industrial products company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near term. View the latest news about TPI Composites.

TPI Composites saw a increase in short interest during the month of June. As of June 30th, there was short interest totaling 2,870,000 shares, an increase of 16.7% from the June 15th total of 2,460,000 shares. Based on an average daily volume of 496,500 shares, the short-interest ratio is currently 5.8 days. Approximately 9.7% of the company's shares are short sold. View TPI Composites' Current Options Chain.

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

Based on aggregate information from My MarketBeat watchlists, some companies that other TPI Composites investors own include NVIDIA (NVDA), Baidu (BIDU), Baozun (BZUN), Alibaba Group (BABA), Crispr Therapeutics (CRSP), JD.Com (JD), Canopy Growth (CGC), Inseego (INSG), Marvell Technology Group (MRVL) and Cisco Systems (CSCO).

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

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, Robinhood, Fidelity, and Charles Schwab.

One share of TPIC stock can currently be purchased for approximately $24.40.

TPI Composites has a market capitalization of $860.34 million and generates $1.44 billion in revenue each year. The industrial products company earns $-15,710,000.00 in net income (profit) each year or ($0.29) on an earnings per share basis. TPI Composites employs 13,300 workers across the globe.

The official website for TPI Composites is 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]