TPI Composites - TPIC Stock Forecast, Price & News

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TPI Composites in the last year. There are currently 3 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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8 brokerages have issued 12-month target prices for TPI Composites' shares. Their TPIC share price forecasts range from $16.00 to $24.00. On average, they anticipate the company's stock price to reach $19.18 in the next year. This suggests a possible upside of 62.4% from the stock's current price.
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TPI Composites' stock was trading at $14.96 on January 1st, 2022. Since then, TPIC shares have decreased by 21.1% and is now trading at $11.81.
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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 quarterly earnings results on Thursday, November, 3rd. The industrial products company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.21) by $0.18. The industrial products company had revenue of $459.27 million for the quarter, compared to analysts' expectations of $468.89 million. TPI Composites had a negative net margin of 6.53% and a negative trailing twelve-month return on equity of 66.10%.

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 variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (10.89%), Vanguard Group Inc. (4.58%), State Street Corp (3.45%), Credit Suisse AG (2.88%), Dimensional Fund Advisors LP (1.28%) and Renaissance Technologies LLC (1.08%). 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 $11.81.

TPI Composites (NASDAQ:TPIC) has a market capitalization of $495.43 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.