NASDAQ:TPICTPI Composites Stock Price, Forecast & News

TPI Composites' stock was trading at $17.06 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, TPIC shares have increased by 62.8% and is now trading at $27.77.
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11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TPI Composites in the last year. There are currently 1 hold rating, 9 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy."
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TPI Composites is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020.
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TPI Composites will be holding an earnings conference call on Thursday, August 6th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

TPI Composites Inc (NASDAQ:TPIC) issued its quarterly earnings results on Thursday, May, 7th. The industrial products company reported ($0.01) EPS for the quarter, beating the Zacks' consensus estimate of ($0.28) by $0.27. The industrial products company had revenue of $356.64 million for the quarter, compared to the consensus estimate of $311.70 million. TPI Composites had a negative net margin of 0.27% and a positive return on equity of 0.79%. The business's quarterly revenue was up 19.0% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.35) earnings per share.
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11 equities research analysts have issued 12 month price targets for TPI Composites' shares. Their forecasts range from $24.00 to $37.00. On average, they anticipate TPI Composites' stock price to reach $28.30 in the next year. This suggests a possible upside of 1.9% from the stock's current price.
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News articles about TPIC stock have trended somewhat negative on Wednesday, InfoTrie reports. The research firm scores the sentiment of press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. TPI Composites earned a media sentiment score of -1.0 on InfoTrie's scale. They also assigned press coverage about the industrial products company a news buzz of 5.0 out of 10, meaning that recent press coverage is somewhat likely to have an impact on the company's share price in the near future.
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TPI Composites saw a increase in short interest in July. As of July 15th, there was short interest totaling 2,820,000 shares, an increase of 6.4% from the June 30th total of 2,650,000 shares. Based on an average daily trading volume, of 473,100 shares, the days-to-cover ratio is presently 6.0 days. Approximately 9.5% of the shares of the company are short sold.
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Some companies that are related to TPI Composites include Mosenergo Pao (AOMOY), China Yuchai International (CYD), Westport Fuel Systems (WPRT), Power Solutions International (PSIX), Capstone Turbine (CPST), Briggs & Stratton (BGG), Terra Tech (TRTC), REGI U.S. (RGUS), Coates International (COTE) and American Power Group (APGI).
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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 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 Ziegler Capital Management LLC (0.82%), Scout Investments Inc. (0.81%), Handelsinvest Investeringsforvaltning (0.78%), Raymond James & Associates (0.68%), Skyline Asset Management LP (0.63%) and First Trust Advisors LP (0.60%). Company insiders that own TPI Composites stock include Bryan Robert Schumaker, Daniel G Weiss, Element Partners Ii Intrafund, Element Partners Ii Lp, Jack A Henry, Jayshree S Desai, Michael Lawrence Derosa, Paul G Giovacchini, Philip J Deutch, Stephen Bransfield, Steven C Lockard, Thomas J Castle and William E Siwek.
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TPIC stock was sold by a variety of institutional investors in the last quarter, including DNB Asset Management AS, Zurcher Kantonalbank Zurich Cantonalbank , Rothschild Investment Corp IL, and Scout Investments Inc..
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TPIC stock was acquired by a variety of institutional investors in the last quarter, including Cadence Capital Management LLC, Ziegler Capital Management LLC, Mackay Shields LLC, Raymond James & Associates, First Trust Advisors LP, Candriam Luxembourg S.C.A., DekaBank Deutsche Girozentrale, and Handelsinvest Investeringsforvaltning. Company insiders that have bought TPI Composites stock in the last two years include Bryan Robert Schumaker, Jack A Henry, Jayshree S Desai, Paul G Giovacchini, Stephen Bransfield, Steven C Lockard, and William E Siwek.
View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

One share of TPIC stock can currently be purchased for approximately $27.77.

TPI Composites has a market capitalization of $979.17 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]