TPI Composites - TPIC Stock Forecast, Price & News

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for TPI Composites in the last year. There are currently 3 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" TPIC shares.
View TPIC analyst ratings or view top-rated stocks.

11 Wall Street research analysts have issued 1-year price targets for TPI Composites' stock. Their TPIC share price forecasts range from $14.00 to $24.00. On average, they predict the company's stock price to reach $18.08 in the next twelve months. This suggests a possible upside of 57.5% from the stock's current price.
View analysts price targets for TPIC or view top-rated stocks among Wall Street analysts.

TPI Composites' stock was trading at $10.14 at the beginning of the year. Since then, TPIC stock has increased by 13.2% and is now trading at $11.48.
View the best growth stocks for 2023 here.

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
View our TPIC earnings forecast.

TPI Composites, Inc. (NASDAQ:TPIC) issued its quarterly earnings data on Wednesday, February, 22nd. The industrial products company reported ($0.73) EPS for the quarter, beating analysts' consensus estimates of ($0.80) by $0.07. The industrial products company had revenue of $402.28 million for the quarter, compared to analysts' expectations of $443.71 million. TPI Composites had a negative trailing twelve-month return on equity of 38.17% and a negative net margin of 3.84%.

ETFs with the largest weight of TPI Composites (NASDAQ:TPIC) stock in their portfolio include ProShares S&P Kensho Cleantech ETF (CTEX), SPDR S&P Kensho Clean Power ETF (CNRG), AXS Green Alpha ETF (NXTE), Generation Z ETF (ZGEN), Invesco WilderHill Clean Energy ETF (PBW), Fidelity Clean Energy ETF (FRNW), Invesco Global Clean Energy ETF (PBD) and Global X Wind Energy ETF (WNDY).

TPI Composites updated its FY 2023 earnings guidance on Wednesday, February, 22nd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.60 billion-$1.70 billion, compared to the consensus revenue estimate of $1.66 billion.

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 $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 Credit Suisse AG (3.48%), Morgan Stanley (3.39%), Millennium Management LLC (2.12%), Carmignac Gestion (2.03%), Deutsche Bank AG (2.02%) and Arosa Capital Management LP (1.81%). 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.
View institutional ownership trends.

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.
Compare Top Brokerages Here.

One share of TPIC stock can currently be purchased for approximately $11.48.

TPI Composites (NASDAQ:TPIC) has a market capitalization of $484.57 million and generates $1.52 billion in revenue each year. The industrial products company earns $-65,310,000.00 in net income (profit) each year or ($2.96) on an earnings per share basis.

The company employs 13,500 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.