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. Since then, TPIC shares have increased by 21.6% and is now trading at $20.75. View which stocks have been most impacted by Coronavirus.

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

10 analysts have issued twelve-month price targets for TPI Composites' shares. Their forecasts range from $24.00 to $32.00. On average, they anticipate TPI Composites' share price to reach $27.67 in the next twelve months. This suggests a possible upside of 33.3% from the stock's current price. View analysts' price targets for TPI Composites.

News coverage about TPIC stock has been trending positive this week, InfoTrie reports. InfoTrie identifies positive and negative press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. TPI Composites earned a news impact score of 2.8 on InfoTrie's scale. They also assigned news coverage about the industrial products company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock's share price in the near future. View the latest news aboutTPI Composites.

Some companies that are related to TPI Composites include China Yuchai International (CYD), Westport Fuel Systems (WPRT), Power Solutions International (PSIX), Briggs & Stratton (BGG), Capstone Turbine (CPST), Terra Tech (TRTC), REGI U.S. (RGUS), American Power Group (APGI), Coates International (COTE) and Mosenergo Pao (AOMOY). 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 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 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, 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.. 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 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 $20.75.

TPI Composites has a market capitalization of $731.65 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]