Fri Sep 20 06:35:26 UTC 2024: ## TPI Composites Sees “Moderate Buy” Recommendation from Analysts
**MarketBeat News** – TPI Composites, Inc. (NASDAQ: TPIC), a leading manufacturer of composite wind blades, has received a “Moderate Buy” recommendation from analysts, according to MarketBeat. This rating is based on the consensus of seven analysts currently covering the company, with four issuing a “Hold,” two a “Buy,” and one a “Strong Buy.” The average 12-month target price among these analysts is $5.09.
Recent research reports have highlighted both positive and negative sentiments regarding TPIC. Piper Sandler maintained a “Neutral” rating but raised its price target to $3.70, while JPMorgan Chase & Co. increased its target to $9.00 and gave the stock an “Overweight” rating. Bank of America echoed the positive sentiment, boosting its price target to $6.00 and issuing a “Buy” recommendation. However, Evercore ISI’s upgrade to a “Strong-Buy” rating came amidst a mixed bag of news.
TPIC’s recent earnings report, released on August 8th, showed a miss on both earnings per share and revenue expectations. The company reported a loss of $1.23 per share, exceeding analysts’ estimates of a loss of $0.69 per share. Revenue also fell short of forecasts, coming in at $309.82 million compared to the expected $313.76 million.
Despite these shortcomings, the company’s stock opened at $4.58 on Friday, with a 1-year low of $1.63 and a 1-year high of $5.75. The company’s market cap is $217.78 million, with a PE ratio of -1.00 and a beta of 1.91.
TPI Composites specializes in providing composite wind blades, precision molding and assembly systems, and related services for the wind energy and automotive industries. The company operates in the United States, Mexico, Europe, the Middle East, Africa, and India.
Investors will be closely watching TPI Composites’ performance in the coming months to see if the company can overcome its recent challenges and capitalize on the growing demand for renewable energy solutions.
First Piper 