TPI Composites Stock Forecast, Price & 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 stock has increased by 144.3% and is now trading at $41.67.
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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."
View analyst ratings for TPI Composites or view MarketBeat's top 5 stock picks.

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TPI Composites is scheduled to release its next quarterly earnings announcement on Thursday, February 25th 2021.
View our earnings forecast for TPI Composites.

TPI Composites, Inc. (NASDAQ:TPIC) posted its earnings results on Thursday, November, 5th. The industrial products company reported $1.13 earnings per share for the quarter, beating analysts' consensus estimates of $0.20 by $0.93. The industrial products company earned $474.10 million during the quarter, compared to analysts' expectations of $404.03 million. TPI Composites had a negative return on equity of 7.79% and a negative net margin of 4.69%. The firm's quarterly revenue was up 23.5% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.13) earnings per share.
View TPI Composites' earnings history.

TPI Composites issued an update on its fourth quarter 2020 After-Hours earnings guidance on Thursday, November, 5th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $435-455 million, compared to the consensus revenue estimate of $446.47 million.

11 analysts have issued 1-year target prices for TPI Composites' shares. Their forecasts range from $26.00 to $45.00. On average, they expect TPI Composites' stock price to reach $37.00 in the next twelve months. This suggests that the stock has a possible downside of 11.2%.
View analysts' price targets for TPI Composites.

Some companies that are related to TPI Composites include BWX Technologies (BWXT), Public Joint Stock Company Mosenergo (AOMOY), China Yuchai International (CYD), Westport Fuel Systems (WPRT), Capstone Turbine (CPST), Power Solutions International (PSIX), Terra Tech (TRTC), Briggs & Stratton (BGGSQ), American Power Group (APGI), REGI U.S. (RGUS) and Coates International (COTE).
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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), Cisco Systems (CSCO), JD.com (JD), Inseego (INSG), BioXcel Therapeutics (BTAI), Baozun (BZUN), Alibaba Group (BABA), The 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 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 many different retail and institutional investors. Top institutional investors include BlackRock Inc. (5.78%), Handelsbanken Fonder AB (2.57%), Wasatch Advisors Inc. (2.45%), State Street Corp (2.16%), Portsea Asset Management LLP (1.97%) and Morgan Stanley (1.62%). Company insiders that own TPI Composites stock include Bryan Robert Schumaker, Daniel G Weiss, Element Partners Ii Intrafund, Jack A Henry, Jayshree S Desai, Michael Lawrence Derosa, Paul G Giovacchini, Ramesh Gopalakrishnan, 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 Handelsbanken Fonder AB, BlackRock Inc., Pekin Hardy Strauss Inc., Pekin Hardy Strauss Inc., CIBC Private Wealth Group LLC, Sycomore Asset Management, RK Capital Management LLC, and Wasatch Advisors Inc.. Company insiders that have sold TPI Composites company stock in the last year include Daniel G Weiss, Ramesh Gopalakrishnan, Steven C Lockard, and Thomas J Castle.
View insider buying and selling activity for TPI Composites.

TPIC stock was acquired by a variety of institutional investors in the last quarter, including Portsea Asset Management LLP, ExodusPoint Capital Management LP, Segall Bryant & Hamill LLC, DekaBank Deutsche Girozentrale, Guinness Asset Management LTD, UBS Oconnor LLC, Morgan Stanley, and AXA S.A.. 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 $41.67.

TPI Composites has a market capitalization of $1.49 billion 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]