TPI Composites - TPIC Stock Forecast, Price & News

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for TPI Composites in the last twelve months. There are currently 3 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TPIC shares.
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11 Wall Street 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 expect the company's stock price to reach $18.08 in the next year. This suggests a possible upside of 38.6% from the stock's current price.
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TPI Composites' stock was trading at $10.14 at the start of the year. Since then, TPIC shares have increased by 28.7% and is now trading at $13.05.
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TPI Composites saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 6,350,000 shares, an increase of 94.8% from the February 28th total of 3,260,000 shares. Based on an average trading volume of 818,300 shares, the short-interest ratio is currently 7.8 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
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TPI Composites, Inc. (NASDAQ:TPIC) released its quarterly earnings data on Wednesday, February, 22nd. The industrial products company reported ($0.73) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.80) by $0.07. The industrial products company had revenue of $402.28 million for the quarter, compared to the consensus estimate of $443.71 million. TPI Composites had a negative net margin of 3.84% and a negative trailing twelve-month return on equity of 38.17%.

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 issued an update on its FY 2023 earnings guidance on Wednesday, February, 22nd. The company provided 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 IPO 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 number of 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.
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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 $13.05.

TPI Composites (NASDAQ:TPIC) has a market capitalization of $550.84 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.