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 77.8% and is now trading at $30.33.
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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 Wednesday, November 4th 2020.
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TPI Composites Inc (NASDAQ:TPIC) released its quarterly earnings results on Thursday, August, 6th. The industrial products company reported ($1.87) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.17) by $1.70. The industrial products company earned $373.80 million during the quarter, compared to the consensus estimate of $303.60 million. TPI Composites had a negative net margin of 4.69% and a negative return on equity of 7.09%. The company's quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.05 EPS.
View TPI Composites' earnings history.

11 brokers have issued 1-year price objectives for TPI Composites' stock. Their forecasts range from $26.00 to $37.00. On average, they anticipate TPI Composites' stock price to reach $30.33 in the next twelve months. This suggests a possible upside of 0.0% from the stock's current price.
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Media stories about TPIC stock have been trending negative this week, InfoTrie Sentiment reports. The research group rates the sentiment of news coverage by reviewing 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 nearest to five being the most favorable. TPI Composites earned a news sentiment score of -2.4 on InfoTrie's scale. They also gave media headlines about the industrial products company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the next several days.
View the latest news about TPI Composites.

TPI Composites saw a increase in short interest in June. As of June 15th, there was short interest totaling 2,870,000 shares, an increase of 16.7% from the May 31st total of 2,460,000 shares. Based on an average daily trading volume, of 496,500 shares, the days-to-cover ratio is currently 5.8 days. Approximately 9.7% of the shares of the stock are sold short.
View TPI Composites' Short Interest.

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), Cisco Systems (CSCO), Baidu (BIDU), JD.Com (JD), Baozun (BZUN), Alibaba Group (BABA), Boeing (BA), Crispr Therapeutics (CRSP), Verizon Communications (VZ) and Inseego (INSG).

(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 a number of institutional and retail investors. Top institutional investors include Wasatch Advisors Inc. (2.62%), Rockefeller Capital Management L.P. (1.92%), RK Capital Management LLC (0.96%), Ziegler Capital Management LLC (0.82%), Scout Investments Inc. (0.81%) and Handelsinvest Investeringsforvaltning (0.78%). 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.
View institutional ownership trends for TPI Composites.

TPIC stock was sold by a variety of institutional investors in the last quarter, including BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp, Bank of New York Mellon Corp, CIBC Private Wealth Group LLC, DNB Asset Management AS, Russell Investments Group Ltd., Trillium Asset Management LLC, Zurcher Kantonalbank Zurich Cantonalbank , and Dynamic Advisor Solutions LLC. Company insiders that have sold TPI Composites company stock in the last year include Daniel G Weiss, and Thomas J Castle.
View insider buying and selling activity for TPI Composites.

TPIC stock was bought by a variety of institutional investors in the last quarter, including RK Capital Management LLC, Wasatch Advisors Inc., North Growth Management Ltd., Cadence Capital Management LLC, Ziegler Capital Management LLC, Mackay Shields LLC, Raymond James & Associates, and First Trust Advisors LP. 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 $30.33.

TPI Composites has a market capitalization of $1.07 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]