TPI Composites, Inc. manufactures and sells composite wind blades, and related precision molding and assembly systems to original equipment manufacturers (OEMs). The company also provides composite solutions for the transportation industry; and field service inspection and repair services to OEM customers and wind farm owners and operators. It operates in the United States, Asia, Mexico, Europe, the Middle East, Africa, and India. 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.
IPO Year: 2016
Exchange: NASDAQ
Website: tpicomposites.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/18/2025 | $0.50 | Hold → Underperform | Jefferies |
| 12/12/2024 | Overweight → Neutral | Analyst | |
| 11/15/2024 | $4.00 → $2.00 | Equal-Weight → Underweight | Morgan Stanley |
| 10/17/2024 | $5.00 | Hold | Jefferies |
| 10/3/2023 | Outperform → Mkt Perform | Raymond James | |
| 7/27/2023 | $10.00 | Accumulate → Hold | Johnson Rice |
| 7/27/2023 | Buy → Neutral | BTIG Research | |
| 7/27/2023 | $15.00 → $11.00 | Buy → Hold | Craig Hallum |
| 7/27/2023 | $15.00 → $10.00 | Buy → Neutral | ROTH MKM |
| 3/16/2023 | $22.00 | Neutral → Buy | Guggenheim |
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SCOTTSDALE, Ariz., May 05, 2025 (GLOBE NEWSWIRE) -- TPI Composites, Inc. ("TPI") (NASDAQ:TPIC) today announced that the company has rescheduled the date of its first quarter 2025 results. The Company will now issue their earnings results after the market close on Monday, May 12, 2025, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day. The conference call can be accessed live over the phone by dialing 1-877-407-8291, or for international callers, 1-201-689-8345. A replay will be available two hours after the call and can be accessed by dialing 1-877-660-6853, or for international callers, 1-201-612-7415. The passcode for the replay is 13752924. The replay will
EATONTOWN, N.J., April 21, 2025 (GLOBE NEWSWIRE) -- Climb Global Solutions, Inc. (NASDAQ:CLMB) ("Climb" or the "Company"), a value-added global IT channel company providing unique sales and distribution solutions for innovative technology vendors, today announced that the Company's Board of Directors (the "Board") has elected Paul Giovacchini to the Board. With the election of Mr. Giovacchini, Climb's Board increased to seven total members, six of whom are independent under the Nasdaq listing standards. Mr. Giovacchini brings over 30 years of experience in private equity, corporate governance, and board leadership across public and private companies. He currently serves as the Lead Indepe
SCOTTSDALE, Ariz., April 17, 2025 (GLOBE NEWSWIRE) -- TPI Composites, Inc. ("TPI") (NASDAQ:TPIC) today announced that the company will release its first quarter 2025 results after the market close on Thursday, May 8, 2025, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day. The conference call can be accessed live over the phone by dialing 1-877-407-8291, or for international callers, 1-201-689-8345. A replay will be available two hours after the call and can be accessed by dialing 1-877-660-6853, or for international callers, 1-201-612-7415. The passcode for the replay is 13752924. The replay will be available until May 22, 2025. Interested investors and oth
SCOTTSDALE, Ariz., March 27, 2025 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (NASDAQ:TPIC), today published its 2024 sustainability report highlighting its progress on organizational and global impacts related to sustainability. Bill Siwek, President, and CEO noted, "We remain committed to helping the world increase renewable energy production. As we advance our goals and strategy to prepare for the expected growth of wind energy, we will continue to be a steadfast industry leader, focused on creating a more sustainable and resilient future for generations to come." Highlights of the report include: Safety: Continued to enable a culture of safety and remain best in class with incide
SCOTTSDALE, Ariz., Feb. 24, 2025 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (TPI) (NASDAQ:TPIC), a leading manufacturer of composite blades for the wind energy market, today announced it has reached a significant milestone: the production of its 100,000th wind blade since 2001. This achievement underscores TPI's commitment to driving the growth of wind energy through the manufacturing of high-quality, reliable blades. Over the past two decades, TPI has been at the forefront of wind blade technology, continuously innovating to meet the evolving needs of its customers and the industry. "We are incredibly proud to celebrate this milestone," said Bill Siwek, President and CEO of TPI Composites
SCOTTSDALE, Ariz., Feb. 20, 2025 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (NASDAQ:TPIC), today reported financial results for the fourth quarter and full year ended December 31, 2024. "We delivered solid results in 2024 despite a challenging macroeconomic backdrop for the global wind industry. In 2024, we made the strategic decisions to transition lines to next-generation blades and restructure our portfolio by divesting the Automotive business, shutting down one of our Mexico facilities and rationalizing our workforce in Türkiye to reflect anticipated demand," said Bill Siwek, President and CEO of TPI Composites. "We finished 2024 with a recovery in free cash flow, which in turn, h
SCOTTSDALE, Ariz., Jan. 30, 2025 (GLOBE NEWSWIRE) -- TPI Composites, Inc. ("TPI") (NASDAQ:TPIC) today announced that the company will release its fourth quarter and full year 2024 results after the market close on Thursday, February 20, 2025, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day. The conference call can be accessed live over the phone by dialing 1-800-579-2543, or for international callers, 1-785-424-1789. The Conference ID for the live call is "TPIC". A replay will be available two hours after the call and can be accessed by dialing 1-844-512-2921, or for international callers, 1-412-317-6671. The passcode for the replay is 11157847. The replay
SCOTTSDALE, Ariz., Nov. 07, 2024 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (NASDAQ:TPIC), today reported financial results for the third quarter ended September 30, 2024. "The third quarter marked a significant improvement for the company, showcasing improved profitability with positive adjusted EBITDA. This improvement was largely driven by 89% utilization in our plants as we made progress on transitioning/starting up ten lines with next-generation workhorse blades. Our results also benefited from eliminating losses that had been burdening our financial performance by divesting the Automotive business and shutting down the Nordex Matamoros plant at the end of the second quarter of this ye
SCOTTSDALE, Ariz., Nov. 07, 2024 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (TPI) (NASDAQ:TPIC) announced today that Jennifer Lowry will be appointed to its board of directors, effective as of November 13, 2024. Ms. Lowry also will serve on the Audit Committee of the Board. Ms. Lowry brings many years of broad finance experience in the electric power industry. "We are excited to have Jen join our board," said Bill Siwek, TPI's President and CEO. "We will greatly benefit from Jen's experience in the electric power industry to help support our long-term strategy." Ms. Lowry currently serves as an independent director of Clearway Energy, Inc. (NYSE:CWEN) since February 2022 and MYR Group Inc.
SCOTTSDALE, Ariz., Oct. 17, 2024 (GLOBE NEWSWIRE) -- TPI Composites, Inc. ("TPI") (NASDAQ:TPIC) today announced that the company will release its third quarter 2024 results after the market close on Thursday, November 7, 2024, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day. The conference call can be accessed live over the phone by dialing 1-800-343-4849, or for international callers, 1-203-518-9843. The Conference ID for the live call is "TPIC". A replay will be available two hours after the call and can be accessed by dialing 1-844-512-2921, or for international callers, 1-412-317-6671. The passcode for the replay is 11157090. The replay will be availabl
SCOTTSDALE, Ariz., May 05, 2025 (GLOBE NEWSWIRE) -- TPI Composites, Inc. ("TPI") (NASDAQ:TPIC) today announced that the company has rescheduled the date of its first quarter 2025 results. The Company will now issue their earnings results after the market close on Monday, May 12, 2025, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day. The conference call can be accessed live over the phone by dialing 1-877-407-8291, or for international callers, 1-201-689-8345. A replay will be available two hours after the call and can be accessed by dialing 1-877-660-6853, or for international callers, 1-201-612-7415. The passcode for the replay is 13752924. The replay will
SCOTTSDALE, Ariz., April 17, 2025 (GLOBE NEWSWIRE) -- TPI Composites, Inc. ("TPI") (NASDAQ:TPIC) today announced that the company will release its first quarter 2025 results after the market close on Thursday, May 8, 2025, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day. The conference call can be accessed live over the phone by dialing 1-877-407-8291, or for international callers, 1-201-689-8345. A replay will be available two hours after the call and can be accessed by dialing 1-877-660-6853, or for international callers, 1-201-612-7415. The passcode for the replay is 13752924. The replay will be available until May 22, 2025. Interested investors and oth
SCOTTSDALE, Ariz., Feb. 20, 2025 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (NASDAQ:TPIC), today reported financial results for the fourth quarter and full year ended December 31, 2024. "We delivered solid results in 2024 despite a challenging macroeconomic backdrop for the global wind industry. In 2024, we made the strategic decisions to transition lines to next-generation blades and restructure our portfolio by divesting the Automotive business, shutting down one of our Mexico facilities and rationalizing our workforce in Türkiye to reflect anticipated demand," said Bill Siwek, President and CEO of TPI Composites. "We finished 2024 with a recovery in free cash flow, which in turn, h
SCOTTSDALE, Ariz., Jan. 30, 2025 (GLOBE NEWSWIRE) -- TPI Composites, Inc. ("TPI") (NASDAQ:TPIC) today announced that the company will release its fourth quarter and full year 2024 results after the market close on Thursday, February 20, 2025, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day. The conference call can be accessed live over the phone by dialing 1-800-579-2543, or for international callers, 1-785-424-1789. The Conference ID for the live call is "TPIC". A replay will be available two hours after the call and can be accessed by dialing 1-844-512-2921, or for international callers, 1-412-317-6671. The passcode for the replay is 11157847. The replay
SCOTTSDALE, Ariz., Nov. 07, 2024 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (NASDAQ:TPIC), today reported financial results for the third quarter ended September 30, 2024. "The third quarter marked a significant improvement for the company, showcasing improved profitability with positive adjusted EBITDA. This improvement was largely driven by 89% utilization in our plants as we made progress on transitioning/starting up ten lines with next-generation workhorse blades. Our results also benefited from eliminating losses that had been burdening our financial performance by divesting the Automotive business and shutting down the Nordex Matamoros plant at the end of the second quarter of this ye
SCOTTSDALE, Ariz., Oct. 17, 2024 (GLOBE NEWSWIRE) -- TPI Composites, Inc. ("TPI") (NASDAQ:TPIC) today announced that the company will release its third quarter 2024 results after the market close on Thursday, November 7, 2024, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day. The conference call can be accessed live over the phone by dialing 1-800-343-4849, or for international callers, 1-203-518-9843. The Conference ID for the live call is "TPIC". A replay will be available two hours after the call and can be accessed by dialing 1-844-512-2921, or for international callers, 1-412-317-6671. The passcode for the replay is 11157090. The replay will be availabl
SCOTTSDALE, Ariz., Aug. 08, 2024 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (NASDAQ:TPIC), today reported financial results for the second quarter ended June 30, 2024. "In the second quarter we were able to complete the divestiture of our Automotive business and we closed the Nordex Matamoros plant for Nordex, two loss making businesses that have negatively impacted TPI's performance. We also continued the ramp of ten lines either in startup or transition. As these lines enter serial production and utilization increases, combined with the divestiture of the Automotive business and shut down of the Nordex Matamoros plant, we are positioned to return the company to profitability and positive
SCOTTSDALE, Ariz., July 18, 2024 (GLOBE NEWSWIRE) -- TPI Composites, Inc. ("TPI") (NASDAQ:TPIC) today announced that the company will release its second quarter 2024 results after the market close on Thursday, August 8, 2024, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day. The conference call can be accessed live over the phone by dialing 1-800-343-4136, or for international callers, 1-203-518-9843. The Conference ID for the live call is "TPIC". A replay will be available two hours after the call and can be accessed by dialing 1-844-512-2921, or for international callers, 1-412-317-6671. The passcode for the replay is 11156386. The replay will be available
SCOTTSDALE, Ariz., May 02, 2024 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (NASDAQ:TPIC), today reported financial results for the first quarter ended March 31, 2024. "As expected, sales and adjusted EBITDA for the first quarter of 2024 were impacted by the timing of production line startups and transitions. As our customers prepare for an expected multi-year global wind market growth environment, we are excited to partner with them and align our factories to support their next generation blade models. Activity on these startups and transitions is progressing well and we remain confident 2024 will be a tale of two halves, as we are projecting a return to mid-single digit adjusted EBITDA mar
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 Thursday, May 2, 2024, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day. The conference call can be accessed live over the phone by dialing 1-844-825-9789, or for international callers, 1-412-317-5180. A replay will be available two hours after the call and can be accessed by dialing 1-844-512-2921, or for international callers, 1-412-317-6671. The passcode for the live call and the replay is 10187861. The replay will be available until May 16, 2024. Interested
Jefferies downgraded TPI Composites from Hold to Underperform and set a new price target of $0.50
Analyst downgraded TPI Composites from Overweight to Neutral
Morgan Stanley downgraded TPI Composites from Equal-Weight to Underweight and set a new price target of $2.00 from $4.00 previously
Jefferies initiated coverage of TPI Composites with a rating of Hold and set a new price target of $5.00
Raymond James downgraded TPI Composites from Outperform to Mkt Perform
Johnson Rice downgraded TPI Composites from Accumulate to Hold and set a new price target of $10.00
BTIG Research downgraded TPI Composites from Buy to Neutral
Craig Hallum downgraded TPI Composites from Buy to Hold and set a new price target of $11.00 from $15.00 previously
ROTH MKM downgraded TPI Composites from Buy to Neutral and set a new price target of $10.00 from $15.00 previously
Guggenheim upgraded TPI Composites from Neutral to Buy and set a new price target of $22.00
EATONTOWN, N.J., April 21, 2025 (GLOBE NEWSWIRE) -- Climb Global Solutions, Inc. (NASDAQ:CLMB) ("Climb" or the "Company"), a value-added global IT channel company providing unique sales and distribution solutions for innovative technology vendors, today announced that the Company's Board of Directors (the "Board") has elected Paul Giovacchini to the Board. With the election of Mr. Giovacchini, Climb's Board increased to seven total members, six of whom are independent under the Nasdaq listing standards. Mr. Giovacchini brings over 30 years of experience in private equity, corporate governance, and board leadership across public and private companies. He currently serves as the Lead Indepe
SCOTTSDALE, Ariz., Nov. 07, 2024 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (TPI) (NASDAQ:TPIC) announced today that Jennifer Lowry will be appointed to its board of directors, effective as of November 13, 2024. Ms. Lowry also will serve on the Audit Committee of the Board. Ms. Lowry brings many years of broad finance experience in the electric power industry. "We are excited to have Jen join our board," said Bill Siwek, TPI's President and CEO. "We will greatly benefit from Jen's experience in the electric power industry to help support our long-term strategy." Ms. Lowry currently serves as an independent director of Clearway Energy, Inc. (NYSE:CWEN) since February 2022 and MYR Group 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, will become a director, effective immediately upon the conclusion of TPI's annual meeting of stockholders on May 29, 2024. TPI also announced that Philip Deutch and Linda Hudson were retiring from TPI's Board of Directors, effective upon the conclusion of TPI's annual meeting of stockholders on May 29, 2024. Mr. Deutch and Ms. Hudson have served as directors since 2007 and 2020, respectively. "We are excited to have Ned join our board," said Bill Siwek, TPI's President and CEO. "We will grea
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 November 27, 2023. In his role, Chuck will lead TPI's global wind manufacturing operations. Prior to joining TPI, Chuck served in multiple, global operational roles at Collins Aerospace, most recently as Vice President of Power & Controls Operations. Chuck started his career with Collins Aerospace over twenty years ago as an engineer before transitioning to operational roles. Chuck holds a Bachelor of Science Degree in Electrical Engineering from Iowa State University and a Master of Business
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 this newly-created position, Neil will oversee all quality processes, systems and controls relating to TPI's wind business and will report directly to TPI's President and Chief Executive Officer, Bill Siwek. Neil brings over 25 years of experience in quality and engineering positions in the wind and automotive industry. Neil spent more than 13 years with Vestas Wind Systems in a variety of quality leadership roles, with the last five years as Senior Vice President - Quality, Health, Safety and
SCOTTSDALE, Ariz., May 23, 2022 (GLOBE NEWSWIRE) -- TPI Composites, Inc., (TPI) (NASDAQ:TPIC), the only independent manufacturer of composite wind blades with a global footprint, announced today that it has appointed Ryan Miller as Chief Financial Officer, effective May 23, 2022. In his role as Chief Financial Officer, Ryan will lead TPI's finance, accounting and investor relations functions. Prior to joining TPI, Ryan served in various financial and investor relations roles at Rockwell Collins and Collins Aerospace from December 2002 to February 2022, most recently as the Vice President & Chief Financial Officer of the Avionics Division of Collins Aerospace, from November 2018 to Februar
TEMPE, Ariz., Oct. 12, 2021 /PRNewswire/ -- Benchmark Electronics, Inc. (NYSE:BHE) today announced the appointment of Ramesh Gopalakrishnan as an independent director to the Company's Board of Directors, effective October 11, 2021. Benchmark also announced today the retirement of Bruce Carlson, who has served as a board member since 2017, also effective October 11, 2021. "Bruce has been a valuable member of the Board and we have appreciated his experience and insights," said David W. Scheible, Chairman of the Board. "On behalf of the Board of Directors, I thank Bruce for his
SCOTTSDALE, Ariz., June 30, 2021 (GLOBE NEWSWIRE) -- TPI Composites, Inc., (TPI) (NASDAQ:TPIC) announced today that it has hired Jerry Lavine as its President, Transportation, effective June 30, 2021. In this position, Jerry will oversee the Company's transportation business. Jerry brings nearly 30 years of experience in the automotive industry in technical, operational and commercial roles. Jerry has recently served as a consultant to new entrant automotive manufacturers and other automotive industry participants. Prior to his role as a consultant, Jerry served as the Chief Technology Officer and President North America of Bordrin New Energy Vehicle Corporation from November 2017 to Janu
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