NASDAQ:TPICTPI Composites Stock Price, Forecast & News

TPI Composites' stock was trading at $17.06 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, TPIC stock has increased by 20.2% and is now trading at $20.51. View which stocks have been most impacted by Coronavirus.

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TPI Composites in the last year. There are currently 8 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) posted its quarterly earnings results on Thursday, May, 7th. The industrial products company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.28) by $0.27. The industrial products company earned $356.64 million during the quarter, compared to the consensus estimate of $311.70 million. TPI Composites had a positive return on equity of 0.79% and a negative net margin of 0.27%. The company's quarterly revenue was up 19.0% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.35) EPS. View TPI Composites' earnings history.

TPI Composites updated its FY 2020 After-Hours earnings guidance on Thursday, February, 27th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.55-1.65 billion, compared to the consensus revenue estimate of $1.56 billion.

9 brokers have issued 1-year price targets for TPI Composites' stock. Their forecasts range from $22.00 to $32.00. On average, they anticipate TPI Composites' share price to reach $27.22 in the next twelve months. This suggests a possible upside of 32.7% from the stock's current price. View analysts' price targets for TPI Composites.

News articles about TPIC stock have trended very negative on Tuesday, according to InfoTrie Sentiment. The research firm ranks the sentiment of media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. TPI Composites earned a news impact score of -3.0 on InfoTrie's scale. They also assigned news coverage about the industrial products company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near term. View the latest news aboutTPI Composites.

TPI Composites saw a increase in short interest in April. As of April 15th, there was short interest totaling 2,650,000 shares, an increase of 10.9% from the March 31st total of 2,390,000 shares. Based on an average daily volume of 658,600 shares, the days-to-cover ratio is currently 4.0 days. Currently, 9.0% of the company's stock 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), Terra Tech (TRTC), Capstone Turbine (CPST), 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 $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 investors include BlackRock Inc. (8.53%), Handelsbanken Fonder AB (4.29%), Wasatch Advisors Inc. (2.18%), Rockefeller Capital Management L.P. (1.88%), State Street Corp (1.87%) and Invesco Ltd. (1.78%). Company insiders that own TPI Composites stock include Bryan Robert Schumaker, Daniel G Weiss, Element Partners Ii Intrafund, Element Partners Ii Lp, Investors L P Angeleno II, Jack A Henry, Jayshree S Desai, Landmark Equity Advisors Llc, Michael Lawrence Derosa, Paul G Giovacchini, Philip J Deutch, 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, Bank of New York Mellon Corp, Deutsche Bank AG, Handelsinvest Investeringsforvaltning, Silvercrest Asset Management Group LLC, RK Capital Management LLC, Copperwynd Financial LLC, and Carillon Tower Advisers Inc.. View insider buying and selling activity for TPI Composites.

TPIC stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Driehaus Capital Management LLC, Ziegler Capital Management LLC, JPMorgan Chase & Co., DNB Asset Management AS, Rock Point Advisors LLC, Wasatch Advisors Inc., and Trillium Asset Management LLC. 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 $20.51.

TPI Composites has a market capitalization of $723.24 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]