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Stock impact report

TPI Composites Has the Wind at Its Back [The Motley Fool]

TPI Composites, Inc. (TPIC) 
Last tpi composites, inc. earnings: 2/27 04:01 pm Check Earnings Report
Company Research Source: The Motley Fool
The wind-turbine blade maker's second-quarter performance confirms strength in the wind-energy market. On Aug. 7, TPI Composites ( NASDAQ:TPIC ) announced that its total contract value has hit a record of $6.4 billion. In other words, the manufacturer of wind-turbine blades can potentially generate $6.4 billion in revenue through 2023, thanks to a steady stream of long-term supply agreements, provided none is terminated prematurely. For perspective, TPI generated $930.3 million in net sales in fiscal 2017. That's just one of the numbers from TPI's second-quarter earnings report released last week. The stock, however, has come under considerable pressure since, perhaps because of fears around crisis-hit Turkey, where the company has some manufacturing facilities and supply agreements. Nonetheless, investors will want to know how TPI fared in Q2, and how extended relationships with key customers like General Electric ( NYSE:GE ) have encouraged management to proje Show less Read more
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