TPI Composites: Weak Results And Guidance [Seeking Alpha]
TPI Composites, Inc. (TPIC)
Last tpi composites, inc. earnings: 2/27 04:01 pm
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US:NASDAQ Investor Relations:
tpicomposites.com/english/investors/default.aspx
Company Research
Source: Seeking Alpha
FY24 sales guidance is lower than FY23, indicating a potential decline in sales and widening losses. Technical analysis suggests that TPIC's stock price may continue to fall, making it risky to invest in. TPI Composites ( NASDAQ: TPIC ) sells wind blades and assembly systems to OEMs worldwide. TPIC also offers field service inspection and repair services to wind farm owners and OEM customers. It accounted for 33% of all onshore wind blades sold worldwide, excluding China. TPIC recently announced its Q4 FY23 and FY23 results, which I will be analyzing in this report. In my opinion, it is quite risky to invest in it for now, and I will discuss the reasons behind it. I assign a hold rating on TPIC. Financial Analysis TPIC recently posted Q4 FY23 and FY23 results . The net sales for FY23 were $1.4 billion, a decline of 4.4% compared to FY22. The main reason behind the decline was underperformance in its automotive and field services segments. The automotive segment sales declined
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TPIC
News
- TPI Composites, Inc. Announces First Quarter 2024 Earnings Release Date and Conference CallGlobeNewswire
- Edward Hall Nominated to Join the Board of Directors of TPI Composites, Inc. [Yahoo! Finance]Yahoo! Finance
- Edward Hall Nominated to Join the Board of Directors of TPI Composites, Inc.GlobeNewswire
- Wind Turbine Rotor Blades Global Industry Research 2024: Market to Surpass $50 Billion by 2030 - Innovative & Smart Wind Turbine Blades Emerge Into the Spotlight [Yahoo! Finance]Yahoo! Finance
- TPI Composites, Inc. (NASDAQ:TPIC) is a favorite amongst institutional investors who own 69% [Yahoo! Finance]Yahoo! Finance
TPIC
Earnings
- 2/22/24 - Beat
TPIC
Sec Filings
- 4/22/24 - Form ARS
- 4/22/24 - Form DEF
- 4/12/24 - Form PRE
- TPIC's page on the SEC website