TPI Composites (TPIC) to Release Earnings on Thursday

TPI Composites (NASDAQ:TPIC) is anticipated to release its earnings data after the market closes on Thursday, February 20th. Analysts expect TPI Composites to post earnings of ($0.15) per share and revenue of $364.83 million for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

TPI Composites Stock Performance

NASDAQ:TPIC opened at $1.32 on Tuesday. The firm’s fifty day simple moving average is $1.57 and its 200 day simple moving average is $2.86. TPI Composites has a twelve month low of $1.10 and a twelve month high of $5.75.

Analyst Ratings Changes

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

About TPI Composites

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.