TPI Composites, Inc.

Equities

TPIC

US87266J1043

Renewable Energy Equipment & Services

Market Closed - Nasdaq Other stock markets 04:00:00 2024-04-26 pm EDT			5-day change	1st Jan Change
2.78 ^USD	+16.32%		+3.73%	-32.85%

Apr. 09	TPI Composites, Inc. Announces Board Retirements	CI
Mar. 12	TPI Composites, Inc. Announces Resignation of Lance Marram as Chief Commercial Officer, Effective on March 15, 2024	CI

TPI Composites, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023

February 22, 2024 at 04:08 pm EST

TPI Composites, Inc. reported earnings results for the fourth quarter ended December 31, 2023. For the fourth quarter, the company reported sales was USD 296.99 million compared to USD 402.28 million a year ago. Net loss was USD 57.6 million compared to USD 42.53 million a year ago.

Basic earnings per share from continuing operations was USD 0.27 compared to basic loss per share from continuing operations of USD 1 a year ago. Diluted earnings per share from continuing operations was USD 0.27 compared to diluted loss per share from continuing operations of USD 1 a year ago. Basic earnings per share was USD 0.31 compared to basic loss per share of USD 1.38 a year ago.

Diluted earnings per share was USD 0.31 compared to diluted loss per share of USD 1.38 a year ago.

Latest news about TPI Composites, Inc.

TPI Composites, Inc. Announces Board Retirements	Apr. 09	CI
TPI Composites, Inc. Announces Resignation of Lance Marram as Chief Commercial Officer, Effective on March 15, 2024	Mar. 12	CI
Piper Sandler Trims Price Target on TPI Composites to $3 From $4, Maintains Neutral Rating	Feb. 26	MT
TPI Composites, Inc. Provides Earnings Guidance for 2024	Feb. 22	CI
Transcript : TPI Composites, Inc., Q4 2023 Earnings Call, Feb 22, 2024	Feb. 22
TPI Composites, Inc. Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 22	CI
TPI Composites, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	Feb. 22	CI
Earnings Flash (TPIC) TPI COMPOSITES Posts Q4 Revenue $297M, vs. Street Est of $342M	Feb. 22	MT
TPI Composites Expands Supply Agreements with GE Vernova in Mexico	Jan. 11	MT
TPI Composites, Inc. and GE Vernova Expands Contract in Mexico	Jan. 11	CI
TPI Composites, Inc. Announces Resignation of Andrew Moir as Member of the Board of Directors	Jan. 03	CI
TPI Composites, Inc. and Nordex Extend and Expand Contract in Turkiye	Dec. 19	CI
Top Midday Gainers	Dec. 14	MT
TPI Composites Signs Refinancing Deal With Oaktree Capital Management; Shares Jump	Dec. 14	MT
TPI Composites, Inc. Enters into Credit Agreement and Guaranty Agreement	Dec. 14	CI
Morgan Stanley Trims Price Target on TPI Composites to $3 From $4, Maintains Equalweight Rating	Dec. 08	MT
TPI Composites, Inc. Appoints Charles Stroo as Chief Operating Officer, Wind	Nov. 27	CI
UBS Lowers TPI Composites' Price Target to $2.50 From $6, Maintains Neutral Rating	Nov. 03	MT
Transcript : TPI Composites, Inc., Q3 2023 Earnings Call, Nov 02, 2023	Nov. 02
Earnings Flash (TPIC) TPI COMPOSITES Reports Q3 Revenue $372.9M, vs. Street Est of $384M	Nov. 02	MT
TPI Composites, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	Nov. 02	CI
TPI Composites, Inc. Updates Earnings Guidance for the Year Ending December 31, 2023	Nov. 02	CI
Morgan Stanley Adjusts Price Target on TPI Composites to $4 From $7, Maintains Equalweight Rating	23-10-17	MT
Piper Sandler Adjusts TPI Composites Price Target to $3 From $7, Maintains Neutral Rating	23-10-06	MT
North American Morning Briefing : S&P 500 Futures -2-	23-10-04	DJ

Chart TPI Composites, Inc.

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Company Profile

TPI Composites, Inc. is a manufacturer of composite wind blades for the wind energy market. The Companyâs geographic segments include the United States, Mexico, Europe, the Middle East and Africa and India. It enables wind turbine original equipment manufacturers (OEM) to outsource the manufacturing of a portion of their wind blades through its global footprint of advanced manufacturing facilities strategically located to serve wind markets. It also provides field service inspection and repair services to its OEM customers and wind farm owners and operators. Its field service inspection and repair services include diagnostic, repair and maintenance service offerings for wind blades that have been installed on wind turbines located at wind farms. It has produced precision molding and assembly systems, ranging from 30 meters to over 80 meters in length, to support its global operations. Its tooling solutions include precision wind blade patterns, precision molding and assembly systems.

Sector

Renewable Energy Equipment & Services

Calendar

2024-05-02 - Q1 2024 Earnings Release

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Ratings for TPI Composites, Inc.

Trading Rating

Investor Rating

ESG Refinitiv

B-

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

2.78 USD

Average target price

4.618 USD

Spread / Average Target

+66.12%

Consensus

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Quarterly earnings - Rate of surprise

Company calendar

Sector Wind Systems & Equipment

	1st Jan change	Capi.
TPI COMPOSITES, INC.	-32.85%	132M
VESTAS WIND SYSTEMS A/S	-14.35%	26.45B
SUZLON ENERGY LIMITED	+9.03%	6.8B
SANY RENEWABLE ENERGY CO.,LTD.	-1.50%	4.68B
GOLDWIND SCIENCE AND TECHNOLOGY CO., LTD.	-7.12%	3.85B
INOX WIND LIMITED	+28.18%	2.5B
TITAN WIND ENERGY (SUZHOU) CO.,LTD	-18.97%	2.33B
DAJIN HEAVY INDUSTRY CO.,LTD.	-27.69%	1.69B
CENTURY WIND POWER CO., LTD.	+46.53%	1.59B
CS WIND CORPORATION	-28.77%	1.5B

Wind Systems & Equipment