TPI Composites (NASDAQ:TPIC) Announces Earnings Results

TPI Composites (NASDAQ:TPIC) posted its quarterly earnings results on Thursday. The industrial products company reported ($0.81) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.66), Zacks reports. The firm had revenue of $346.51 million during the quarter, compared to analysts’ expectations of $364.83 million. TPI Composites updated its FY 2025 guidance to EPS.

TPI Composites Stock Performance

Shares of NASDAQ:TPIC opened at $1.46 on Friday. TPI Composites has a 1 year low of $1.10 and a 1 year high of $5.75. The stock’s 50-day moving average is $1.57 and its 200 day moving average is $2.80.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on TPIC shares. Morgan Stanley reissued an “underweight” rating and set a $2.00 price objective (down previously from $4.00) on shares of TPI Composites in a research note on Friday, November 15th. Bank of America dropped their price target on TPI Composites from $7.00 to $4.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Roth Mkm dropped their price target on TPI Composites from $2.75 to $1.50 and set a “neutral” rating for the company in a research note on Friday. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of TPI Composites in a research note on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $4.20.

TPI Composites Company Profile

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.