TPI Composites (TPIC) Stock Price, News & Analysis

Company Overview

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 to TPI Composites, Inc. in 2008. TPI Composites, Inc. was founded in 1968 and is headquartered in Scottsdale, Arizona.

Key Stats

• Today's Range: $1.94 to $2.11
• 50-Day Range: $1.97 to $4.92
• 52-Week Range: $1.90 to $5.75
• Volume: 597,726 shs
• Average Volume: 911,105 shs
• Market Capitalization: $96.07 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $4.58
• Consensus Rating: Hold

TPI Composites Stock Analysis - MarketRank™

TPI Composites scored higher than 77% of companies evaluated by MarketBeat, and ranked 57th out of 179 stocks in the industrial products sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.2 / 5
• Analyst Rating: Hold

Consensus Rating

TPI Composites has received a consensus rating of Hold. The company's average rating score is 2.43, and is based on 2 buy ratings, 3 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

TPI Composites has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for TPI Composites are expected to grow in the coming year, from ($3.21) to ($0.83) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of TPI Composites is -0.54, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of TPI Composites is -0.54, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Short Interest

• Score: 0.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

14.07% of the outstanding shares of TPI Composites have been sold short.

Short Interest Ratio / Days to Cover

TPI Composites has a short interest ratio ("days to cover") of 11.4, which indicates bearish sentiment.

Change versus previous month

Short interest in TPI Composites has recently increased by 4.21%, indicating that investor sentiment is decreasing.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

TPI Composites does not currently pay a dividend.

Dividend Growth

TPI Composites does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 4.4 / 5
• Environmental Score: 2.17

Percentage of Shares Shorted

14.07% of the outstanding shares of TPI Composites have been sold short.

Short Interest Ratio / Days to Cover

TPI Composites has a short interest ratio ("days to cover") of 11.4, which indicates bearish sentiment.

Change versus previous month

Short interest in TPI Composites has recently increased by 4.21%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 1.8 / 5
• News Sentiment: N/A

News Sentiment

TPI Composites has a news sentiment score of 0.23. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.79 average news sentiment score of Industrial Products companies.

News Coverage This Week

MarketBeat has tracked 1 news article for TPI Composites this week, compared to 2 articles on an average week.

Search Interest

5 people have searched for TPIC on MarketBeat in the last 30 days. This is an increase of 67% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, TPI Composites insiders have bought more of their company's stock than they have sold. Specifically, they have bought $21,900.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

Only 3.70% of the stock of TPI Composites is held by insiders.

Percentage Held by Institutions

75.24% of the stock of TPI Composites is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

TPIC Stock Analysis - Frequently Asked Questions

How have TPIC shares performed this year?

TPI Composites' stock was trading at $4.14 at the beginning of the year. Since then, TPIC shares have decreased by 51.2% and is now trading at $2.02.
View the best growth stocks for 2024 here.

How were TPI Composites' earnings last quarter?

TPI Composites, Inc. (NASDAQ:TPIC) announced its earnings results on Thursday, February, 22nd. The industrial products company reported $0.27 EPS for the quarter, topping the consensus estimate of ($0.91) by $1.18. The industrial products company earned $296.99 million during the quarter, compared to analyst estimates of $340.91 million.

When did TPI Composites IPO?

TPI Composites (TPIC) raised $72 million in an initial public offering (IPO) on Friday, July 22nd 2016. The company issued 6,300,000 shares at $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.

Who are TPI Composites' major shareholders?

Top institutional shareholders of TPI Composites include Erste Asset Management GmbH (3.68%), Brightline Capital Management LLC (3.49%), State Street Corp (2.77%) and Geode Capital Management LLC (2.11%). Insiders that own company stock include William E Siwek, Tyrone Michael Jordan, Jerrold I Lavine, Ryan D Miller, Bam Partners Trust and Steven C Lockard.
View institutional ownership trends.

How do I buy shares of TPI Composites?

Shares of TPIC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of TPI Composites own?

Based on aggregate information from My MarketBeat watchlists, some other companies that TPI Composites investors own include Humana (HUM), American Water Works (AWK), Waste Connections (WCN), Voyager Therapeutics (VYGR), The RMR Group (RMR), DiamondRock Hospitality (DRH) and AUO (AUOTY).

Company Calendar

• Last Earnings: 2/22/2024
• Today: 11/22/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/27/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Industrial Products
• Industry: Engines & turbines
• Sub-Industry: Machinery
• Current Symbol: NASDAQ:TPIC
• CUSIP: N/A
• CIK: 1455684
• Web: www.tpicomposites.com
• Phone: (480) 305-8910
• Fax: N/A
• Employees: 12,300
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $4.58
• High Stock Price Target: $9.00
• Low Stock Price Target: $2.00
• Potential Upside/Downside: +126.5%
• Consensus Rating: Hold
• Rating Score (0-4): 2.43
• Research Coverage: 7 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($3.75)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-201,780,000.00
• Net Margins: -13.03%
• Pretax Margin: -19.06%
• Return on Equity: N/A
• Return on Assets: -16.92%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 0.95
• Quick Ratio: 0.94

Sales & Book Value

• Annual Sales: $1.30 billion
• Price / Sales: 0.07
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: ($6.77) per share
• Price / Book: -0.30

Miscellaneous

• Outstanding Shares: 47,563,000
• Free Float: 45,803,000
• Market Cap: $96.08 million
• Optionable: Optionable
• Beta: 1.93