TPI Composites (NASDAQ:TPIC) Announces Earnings Results

TPI Composites (NASDAQ:TPIC) posted its earnings results on Thursday. The industrial products company reported ($0.81) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.66), Zacks reports. 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 12 month low of $1.10 and a 12 month high of $5.75. The company’s fifty day simple moving average is $1.57 and its 200 day simple moving average is $2.81.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of TPI Composites in a report on Thursday, December 12th. Bank of America cut their target price on shares of TPI Composites from $7.00 to $4.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Finally, Morgan Stanley restated an “underweight” rating and set a $2.00 price objective (down from $4.00) on shares of TPI Composites in a report on Friday, November 15th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $4.58.

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.