TPI Composites, Inc. (TPIC)

NASDAQ: TPIC · IEX Real-Time Price · USD
2.94
-0.15 (-4.85%)
At close: Sep 25, 2023, 4:00 PM
2.96
+0.02 (0.68%)
Pre-market: Sep 26, 2023, 7:32 AM EDT
-4.85%
Market Cap 125.15M
Revenue (ttm) 1.47B
Net Income (ttm) -192.35M
Shares Out 42.57M
EPS (ttm) -4.55
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 739,065
Open 3.06
Previous Close 3.09
Day's Range 2.91 - 3.06
52-Week Range 2.91 - 14.80
Beta 1.79
Analysts Buy
Price Target 13.55 (+360.88%)
Earnings Date Nov 2, 2023

About TPIC

TPI Composites, Inc. manufactures and sells composite wind blades, and related precision molding and assembly systems to original equipment manufacturers (OEMs). The company also provides composite solutions for the automotive industry; and field service inspection and repair services comprising diagnostic, repair, and maintenance services for wind blades to OEM customers, and wind farm owners and operators. It operates in the United States, Mexico, Europe, the Middle East, Africa, and India. The company was formerly known as LCSI Holding, Inc.... [Read more]

Sector Industrials
IPO Date Jul 22, 2016
Employees 13,500
Stock Exchange NASDAQ
Ticker Symbol TPIC
Full Company Profile

Financial Performance

In 2022, TPI Composites's revenue was $1.52 billion, an increase of 3.42% compared to the previous year's $1.47 billion. Losses were -$124.21 million, -24.99% less than in 2021.

Financial Statements

Analyst Forecast

According to 12 analysts, the average rating for TPIC stock is "Buy." The 12-month stock price forecast is $13.55, which is an increase of 360.88% from the latest price.

Price Target
$13.55
(360.88% upside)
Analyst Consensus: Buy
Stock Forecasts

News

TPI Composites and University of Tennessee Knoxville Advance the Creation of Glass Fiber Yarns from Recycled Wind Turbine Blades

SCOTTSDALE, Ariz., Sept. 13, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc., (TPI) (Nasdaq: TPIC) announced today that it has moved to the second phase of development with the University of Tennessee K...

12 days ago - GlobeNewsWire

TPI Composites Manufactures Structural Composites for the Development of the International® SuperTruck II

SCOTTSDALE, Ariz., Aug. 22, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc., (TPI) (Nasdaq: TPIC) has partnered with Navistar, Inc. (“Navistar”) on an all composite cab, trailer box, and aero package fo...

4 weeks ago - GlobeNewsWire

TPI Composites, Inc. Announces Second Quarter 2023 Earnings Results – Agrees with GE to Expand Capacity in Mexico and Renews Focus on Quality

SCOTTSDALE, Ariz., Aug. 03, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (Nasdaq: TPIC), today reported financial results for the second quarter ended June 30, 2023.

7 weeks ago - GlobeNewsWire

TPI Composites, Inc. Reports Preliminary Estimated Second Quarter 2023 Earnings Results and Provides Updated Guidance for 2023

SCOTTSDALE, Ariz., July 26, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (Nasdaq: TPIC), today announced selected, preliminary estimated financial results for the second quarter ended June 30, 2023, ...

2 months ago - GlobeNewsWire

TPI Composites, Inc. Appoints Neil Jones as Chief Quality Officer

SCOTTSDALE, Ariz., July 20, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc., (TPI) (Nasdaq: TPIC) announced today that it has hired Neil Jones as its Chief Quality Officer, effective August 1, 2023. In ...

2 months ago - GlobeNewsWire

TPI Composites, Inc. Announces Second Quarter 2023 Earnings Release Date and Conference Call

SCOTTSDALE, Ariz., July 13, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (“TPI”) (Nasdaq: TPIC) today announced that the company will release its second quarter 2023 results after the market close on...

2 months ago - GlobeNewsWire

TPI Composites' Senior Director of Innovation and Technology, Stephen Nolet is a Contributing Author in “Grand Challenges in the Design, Manufacture, and Operation of Future Wind Turbine Systems”

SCOTTSDALE, Ariz., July 11, 2023 (GLOBE NEWSWIRE) -- Stephen Nolet, Senior Director of Innovation and Technology at TPI Composites, Inc., (TPI) (Nasdaq: TPIC) is a contributing author in the Wind Ener...

2 months ago - GlobeNewsWire

TPI Composites Adjourns Annual Meeting Until June 22, 2023

SCOTTSDALE, Ariz., May 30, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (NASDAQ: TPIC) (“TPI” or the “Company”), a global company focused on innovative and sustainable solutions to decarbonize and el...

4 months ago - GlobeNewsWire

TPI Composites Sponsors Charles E. Shea High School to Attend the 2023 National KidWind Challenge

SCOTTSDALE, Ariz., May 15, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc., (TPI) (Nasdaq: TPIC) has sponsored five students from Charles E. Shea High School (Shea High School) of Pawtucket, Rhode Islan...

4 months ago - GlobeNewsWire

TPI Composites, Inc. Announces First Quarter 2023 Earnings Results – Delivered Strong Top Line Growth, Met Earnings Plan and Strengthened Balance Sheet for Future Growth

SCOTTSDALE, Ariz., May 03, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (Nasdaq: TPIC), today reported financial results for the first quarter ended March 31, 2023.

5 months ago - GlobeNewsWire

Bio-Inspired Lightweight EV Underbody Protection to Serve High Volume Commercial and Automotive Market Designed and Developed by TPI Composites and Helicoid Industries

SCOTTSDALE, Ariz., April 24, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc., (TPI) (Nasdaq: TPIC) and Helicoid Industries Inc. collaborated to design a bio-inspired lightweight EV underbody protection ...

5 months ago - GlobeNewsWire

TPI Composites, Inc. Announces First Quarter 2023 Earnings Release Date and Conference Call

SCOTTSDALE, Ariz., April 12, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (“TPI”) (Nasdaq: TPIC) today announced that the company will release its first quarter 2023 results after the market close on...

5 months ago - GlobeNewsWire

TPI Composites Publishes Annual Sustainability Report Highlighting its Contributions to Drive the Renewable Energy Transition Forward

SCOTTSDALE, Ariz., March 28, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc., (Nasdaq: TPIC) announced today the release of its 2022 sustainability report spotlighting Environmental, Social, and Governa...

6 months ago - GlobeNewsWire

TPI Composites, Tex-Tech, and Carbon Rivers Partner in Turning End-of-Life Wind Blades to Liners for Cured in Place Pipe

SCOTTSDALE, Ariz., March 08, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc., (TPI) (Nasdaq: TPIC) has partnered with Tex-Tech (Kernersville, NC) and Carbon Rivers (Knoxville, TN) in a pilot program to ...

7 months ago - GlobeNewsWire

TPI Composites Prices Upsized $115 Million Convertible Senior Notes Offering

SCOTTSDALE, Ariz., Feb. 28, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (“TPI”) (Nasdaq: TPIC) announced today the pricing of its offering of $115.0 million aggregate principal amount of 5.25% conve...

7 months ago - GlobeNewsWire

TPI Composites Announces Proposed Offering of $100 Million Convertible Senior Notes

SCOTTSDALE, Ariz., Feb. 27, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (“TPI”) (Nasdaq: TPIC) announced today that it has commenced a private offering of $100.0 million aggregate principal amount o...

7 months ago - GlobeNewsWire

TPI Composites, Inc. Delivers Solid Close to a Challenging Year - Restructuring Plans on Track to Position TPI for the Future

SCOTTSDALE, Ariz., Feb. 22, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (Nasdaq: TPIC), today reported financial results for the fourth quarter and full year ended December 31, 2022.

7 months ago - GlobeNewsWire

TPI Composites, Inc. Announces Fourth Quarter and Full Year 2022 Earnings Release Date and Conference Call

SCOTTSDALE, Ariz., Feb. 06, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (“TPI”) (Nasdaq: TPIC) today announced that the company will release its fourth quarter and full year 2022 results after the m...

8 months ago - GlobeNewsWire

TPI Collaborates with WindSTAR to Leverage Machine Learning and Create a Digital Twin of the Wind Blade Manufacturing Process

SCOTTSDALE, Ariz., Jan. 18, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc., (TPI) (Nasdaq: TPIC), announced today that it has collaborated with WindSTAR, a National Science Foundation (NSF) funded Indu...

8 months ago - GlobeNewsWire

TPI and GE Extend Supply Agreements and Plan to Collaborate on Next Generation Blade Designs

SCOTTSDALE, Ariz., Jan. 05, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc., (TPI) (Nasdaq: TPIC), a global company focused on innovative and sustainable solutions to decarbonize and electrify the world...

9 months ago - GlobeNewsWire

TPI and GE Secure Manufacturing Capacity in Iowa

SCOTTSDALE, Ariz., Nov. 03, 2022 (GLOBE NEWSWIRE) -- TPI Composites, Inc., (TPI) (Nasdaq: TPIC), a global company focused on innovative and sustainable solutions to decarbonize and electrify the world...

11 months ago - GlobeNewsWire

TPI Composites, Inc. Announces Third Quarter 2022 Earnings Results – Announces Long-term Global Partnership with Vestas, Supply Agreement Extensions with GE, and Signed Lease Extension for Newton, Iowa Plant

SCOTTSDALE, Ariz., Nov. 03, 2022 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (Nasdaq: TPIC), today reported financial results for the third quarter ended September 30, 2022.

11 months ago - GlobeNewsWire

TPI Composites, Inc. Announces Third Quarter 2022 Earnings Release Date and Conference Call

SCOTTSDALE, Ariz., Oct. 13, 2022 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (“TPI”) (Nasdaq: TPIC) today announced that the company will release its third quarter 2022 results after the market close on ...

1 year ago - GlobeNewsWire

TPI Composites, Inc. Announces Second Quarter 2022 Earnings Results – Operational Improvements and Cost Reduction Actions Deliver Strong Net Cash Flow from Operations and Free Cash Flow in the Quarter

SCOTTSDALE, Ariz., Aug. 03, 2022 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (Nasdaq: TPIC), today reported financial results for the second quarter ended June 30, 2022.

1 year ago - GlobeNewsWire

TPI Composites, Inc. Announces Second Quarter 2022 Earnings Release Date and Conference Call

SCOTTSDALE, Ariz., July 13, 2022 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (“TPI”) (Nasdaq: TPIC) today announced that the company will release its second quarter 2022 results after the market close on...

1 year ago - GlobeNewsWire