TPI Composites, Inc. (TPIC)

NASDAQ: TPIC · IEX Real-Time Price · USD
2.365
-0.105 (-4.25%)
Apr 25, 2024, 10:25 AM EDT - Market open
-4.25%
Market Cap 112.50M
Revenue (ttm) 1.46B
Net Income (ttm) -177.61M
Shares Out 47.24M
EPS (ttm) -4.16
PE Ratio n/a
Forward PE 18.48
Dividend n/a
Ex-Dividend Date n/a
Volume 260,318
Open 2.480
Previous Close 2.470
Day's Range 2.330 - 2.480
52-Week Range 1.630 - 12.530
Beta 2.03
Analysts Hold
Price Target 9.13 (+286.05%)
Earnings Date May 2, 2024

About TPIC

TPI Composites, Inc. manufactures and sells composite wind blades, and related precision molding and assembly systems to original equipment manufacturers (OEMs) in the United States, Mexico, Europe, the Middle East, Africa, and India. It 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. The company was formerly known as LCSI Holding, Inc. and changed its name ... [Read more]

Sector Industrials
IPO Date Jul 22, 2016
Employees 12,300
Stock Exchange NASDAQ
Ticker Symbol TPIC
Full Company Profile

Financial Performance

In 2023, TPI Composites's revenue was $1.46 billion, a decrease of -4.44% compared to the previous year's $1.52 billion. Losses were -$177.61 million, 43.0% more than in 2022.

Financial Statements

Analyst Forecast

According to 10 analysts, the average rating for TPIC stock is "Hold." The 12-month stock price forecast is $9.13, which is an increase of 286.05% from the latest price.

Price Target
$9.13
(286.05% upside)
Analyst Consensus: Hold
Stock Forecasts

News

TPI Composites, Inc. Announces First Quarter 2024 Earnings Release Date and Conference Call

SCOTTSDALE, Ariz., April 11, 2024 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (“TPI”) (Nasdaq: TPIC) today announced that the company will release its first quarter 2024 results after the market close on...

13 days ago - GlobeNewsWire

Edward Hall Nominated to Join the Board of Directors of TPI Composites, Inc.

SCOTTSDALE, Ariz., April 09, 2024 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (TPI) (Nasdaq: TPIC) announced today that Edward “Ned” Hall has been nominated to join its board of directors, and if elected...

15 days ago - GlobeNewsWire

TPI Composites, Inc. Publishes its Annual Sustainability Report Reaffirming Its Commitments to a Zero-Harm Culture and Carbon Neutrality

SCOTTSDALE, Ariz., March 28, 2024 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (Nasdaq: TPIC), today published its 2023 sustainability report highlighting its progress on organizational and global impacts...

27 days ago - GlobeNewsWire

TPI Composites, Inc. Announces Fourth Quarter and Full Year 2023 Earnings Results; Enhanced Liquidity Position and Projects Improved Profitability for the Second Half of 2024

SCOTTSDALE, Ariz., Feb. 22, 2024 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (Nasdaq: TPIC), today reported financial results for the fourth quarter and full year ended December 31, 2023.

2 months ago - GlobeNewsWire

TPI Composites, Inc. Announces Fourth Quarter and Full Year 2023 Earnings Release Date and Conference Call

SCOTTSDALE, Ariz., Feb. 01, 2024 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (“TPI”) (Nasdaq: TPIC) today announced that the company will release its fourth quarter and full year 2023 results after the m...

2 months ago - GlobeNewsWire

TPI and GE Vernova Expand Contract in Mexico

SCOTTSDALE, Ariz., Jan. 11, 2024 (GLOBE NEWSWIRE) -- TPI Composites, Inc., (TPI) (Nasdaq: TPIC), a global company focused on innovative and sustainable solutions to decarbonize and electrify the world...

3 months ago - GlobeNewsWire

TPI Composites, Inc. Announces Refinancing Transaction with Oaktree, Significantly Strengthening Company's Liquidity Position and Enhancing Financial Flexibility

Improves liquidity by approximately $190 million Permanently reduces future obligations by up to $90 million SCOTTSDALE, Ariz., Dec. 14, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (Nasdaq: TPIC) (“...

4 months ago - GlobeNewsWire

TPI Composites, Inc. Appoints Charles Stroo as Chief Operating Officer, Wind

SCOTTSDALE, Ariz., Nov. 27, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc., (TPI) (Nasdaq: TPIC), announced today that it has appointed Charles (Chuck) Stroo as Chief Operating Officer, Wind, effective...

5 months ago - GlobeNewsWire

TPI Composites, Inc. Announces Third Quarter 2023 Earnings Results

SCOTTSDALE, Ariz., Nov. 02, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (Nasdaq: TPIC), today reported financial results for the third quarter ended September 30, 2023.

6 months ago - GlobeNewsWire

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

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

6 months ago - GlobeNewsWire

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...

8 months 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...

8 months 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.

9 months 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, ...

9 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 ...

9 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...

10 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...

10 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...

11 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...

1 year 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.

1 year 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 ...

1 year 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...

1 year 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...

1 year 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 ...

1 year 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...

1 year ago - GlobeNewsWire