Tpi Composites Stock Today
| TPIC Stock | USD 2.59 0.03 1.17% |
Performance0 of 100
| Odds Of DistressLess than 43
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TPI Composites is trading at 2.59 as of the 24th of April 2024, a 1.17 percent increase since the beginning of the trading day. The stock's open price was 2.56. TPI Composites has about a 43 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. Equity ratings for TPI Composites are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of March 2024 and ending today, the 24th of April 2024. Click here to learn more.
Business Domain Capital Goods | IPO Date 22nd of July 2016 | Category Industrials |
TPI Composites, Inc. manufactures and sells composite wind blades, and related precision molding and assembly systems to original equipment manufacturers . TPI Composites, Inc. was founded in 1968 and is headquartered in Scottsdale, Arizona. Tpi Composites operates under Specialty Industrial Machinery classification in the United States and is traded on NASDAQ Exchange. The company has 47.24 M outstanding shares of which 6.8 M shares are at this time shorted by private and institutional investors with about 6.16 trading days to cover. More on TPI Composites
Follow Valuation Options Odds of Bankruptcy
Financial Report 1st of May 2024
TPI Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. TPI Composites' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding TPI Composites or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO President | William Siwek | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Idea | Climate Change (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Heavy Electrical Equipment, Specialty Industrial Machinery, Industrials, NASDAQ Composite, Climate Change, Industrials, Electrical Equipment, Specialty Industrial Machinery, Industrials (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering TPI Composites report their recommendations after researching TPI Composites' financial statements, talking to executives and customers, or listening in on TPI Composites' conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering TPI Composites. The TPI consensus assessment is calculated by taking the average forecast from all of the analysts covering TPI Composites. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the key indicators related to TPI Composites' liquidity, profitability, solvency, and operating efficiency, TPI Composites may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. Financial strength of TPI Composites is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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TPI Composites' financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to TPI Composites' success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand TPI Composites' financial leverage. It provides some insight into what part of TPI Composites' total assets is financed by creditors.
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TPI Composites (TPIC) is traded on NASDAQ Exchange in USA. It is located in 9200 East Pima Center Parkway, Scottsdale, AZ, United States, 85258 and employs 12,300 people. TPI Composites is listed under Heavy Electrical Equipment category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 120.94 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate TPI Composites's market, we take the total number of its shares issued and multiply it by TPI Composites's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. TPI Composites conducts business under Electrical Equipment sector and is part of Industrials industry. The entity has 47.24 M outstanding shares of which 6.8 M shares are at this time shorted by private and institutional investors with about 6.16 trading days to cover.
TPI Composites currently holds about 129.14 M in cash with (80.97 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.08, which can makes it an attractive takeover target, given it will continue generating positive cash flow.
Check TPI Composites Probability Of Bankruptcy
Ownership AllocationTPI Composites shows a total of 47.24 Million outstanding shares. The majority of TPI Composites outstanding shares are owned by institutional holders. These institutional investors are usually referred to as non-private investors looking to take positions in TPI Composites to benefit from reduced commissions. Therefore, institutions are subject to a different set of regulations than regular investors in TPI Composites. Please pay attention to any change in the institutional holdings of TPI Composites as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company owns, if the real value of the company is less than the current market value, you may not be able to make money on it.
Check TPI Ownership Details
TPI Stock Price Odds Analysis
What are TPI Composites' target price odds to finish over the current price? Based on a normal probability distribution, the odds of TPI Composites jumping above the current price in 90 days from now is about 88.7%. The TPI Composites probability density function shows the probability of TPI Composites stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 4.2693. This usually implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, TPI Composites will likely underperform. Additionally, tPI Composites has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of TPI Composites to move above the current price in 90 days from now is about 88.7 (This TPI Composites probability density function shows the probability of TPI Stock to fall within a particular range of prices over 90 days) .
TPI Stock Institutional Holders
Institutional Holdings refers to the ownership stake in TPI Composites that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of TPI Composites' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing TPI Composites' value.| Instituion | Recorded On | Shares | |
| Triodos Investment Management B.v. | 2023-12-31 | 700 K | |
| Millennium Management Llc | 2023-12-31 | 699.5 K | |
| Carmignac Gestion | 2023-12-31 | 566.3 K | |
| Guinness Asset Management Limited | 2023-12-31 | 484.3 K | |
| Bank Of America Corp | 2023-12-31 | 428.2 K | |
| Arosa Capital Management Lp | 2023-09-30 | 400.4 K | |
| Clean Energy Transition Llp | 2023-12-31 | 391.3 K | |
| Northern Trust Corp | 2023-12-31 | 376.9 K | |
| First Trust Advisors L.p. | 2023-12-31 | 342.6 K | |
| Oaktree Capital Management Llc | 2023-12-31 | 4.6 M | |
| Blackrock Inc | 2023-12-31 | 2.9 M |
TPI Composites Historical Income Statement
TPI Composites Income Statement is one of the three primary financial statements used for reporting TPI's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of TPI Composites revenue and expense. TPI Composites Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, TPI Composites' Reconciled Depreciation is projected to increase significantly based on the last few years of reporting. View More FundamentalsTPI Stock Against Markets
Picking the right benchmark for TPI Composites stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in TPI Composites stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for TPI Composites is critical whether you are bullish or bearish towards TPI Composites at a given time. Please also check how TPI Composites' historical prices are related to one of the top price index indicators.
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TPI Composites Corporate Directors
TPI Composites corporate directors refer to members of a TPI Composites board of directors. The board of directors generally takes responsibility for the TPI Composites' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of TPI Composites' board members must vote for the resolution. The TPI Composites board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| James Hughes | Independent Director | Profile | |
| Stephen Bransfield | Independent Director | Profile | |
| Tyrone Jordan | Director | Profile | |
| Jayshree Desai | Independent Director | Profile |
How to buy TPI Stock?
Before investing in TPI Composites, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in TPI Composites. To buy TPI Composites stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of TPI Composites. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase TPI Composites stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located TPI Composites stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased TPI Composites stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as TPI Composites, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy TPI Stock please use our How to Invest in TPI Composites guide.
Already Invested in TPI Composites?
The danger of trading TPI Composites is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of TPI Composites is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than TPI Composites. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile TPI Composites is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether TPI Composites offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of TPI Composites' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Tpi Composites Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Tpi Composites Stock: Check out World Market Map to better understand how to build diversified portfolios, which includes a position in TPI Composites. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. For information on how to trade TPI Stock refer to our How to Trade TPI Stock guide.You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Complementary Tools for TPI Stock analysis
When running TPI Composites' price analysis, check to measure TPI Composites' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy TPI Composites is operating at the current time. Most of TPI Composites' value examination focuses on studying past and present price action to predict the probability of TPI Composites' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TPI Composites' price. Additionally, you may evaluate how the addition of TPI Composites to your portfolios can decrease your overall portfolio volatility.
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Is TPI Composites' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of TPI Composites. If investors know TPI will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about TPI Composites listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.12) | Revenue Per Share 34.102 | Quarterly Revenue Growth (0.26) | Return On Assets (0.1) | Return On Equity (1.65) |
The market value of TPI Composites is measured differently than its book value, which is the value of TPI that is recorded on the company's balance sheet. Investors also form their own opinion of TPI Composites' value that differs from its market value or its book value, called intrinsic value, which is TPI Composites' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because TPI Composites' market value can be influenced by many factors that don't directly affect TPI Composites' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between TPI Composites' value and its price as these two are different measures arrived at by different means. Investors typically determine if TPI Composites is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TPI Composites' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.