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TPI Composites, Inc. - $TPIC STOCK NEWS

Welcome to our dedicated page for TPI Composites news (Ticker: $TPIC), a resource for investors and traders seeking the latest updates and insights on TPI Composites stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect TPI Composites's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of TPI Composites's position in the market.

News
TPI Composites, Inc. Announces Third Quarter 2023 Earnings Results
Rhea-AI Summary
TPI Composites, Inc. reported financial results for Q3 2023, with net sales of $372.9 million, a decrease of 3.0% compared to the same period last year. The company finished the quarter with $161 million of unrestricted cash. Net loss from continuing operations was $72.8 million, and adjusted EBITDA was a loss of $27.4 million. The company provided updated guidance for full-year 2023, expecting net sales of approximately $1.5 billion and an adjusted EBITDA margin loss of around 5%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-15.63%
Tags
earnings
-
News
TPI Composites, Inc. Announces Third Quarter 2023 Earnings Release Date and Conference Call
Rhea-AI Summary
TPI Composites to release Q3 2023 results on November 2, 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.42%
Tags
earnings
-
News
TPI Composites and University of Tennessee Knoxville Advance the Creation of Glass Fiber Yarns from Recycled Wind Turbine Blades
Rhea-AI Summary
TPI Composites moves to second phase of development with University of Tennessee Knoxville to create glass fiber yarns from end-of-life wind blades, creating new opportunities for reclaimed materials. Recycled materials enable higher value intermediate forms of glass fiber and create an environmentally and economically sustainable market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.11%
Tags
none
News
TPI Composites Manufactures Structural Composites for the Development of the International® SuperTruck II
Rhea-AI Summary
TPI Composites partners with Navistar on composite cab and trailer for International SuperTruck II, achieving 16 mpg and 170% improvement in freight efficiency. Composites offer weight reduction and design flexibility, shedding 500 lbs. Positive for TPI and Navistar.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.81%
Tags
none
-
News
TPI Composites, Inc. Announces Second Quarter 2023 Earnings Results – Agrees with GE to Expand Capacity in Mexico and Renews Focus on Quality
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.94%
Tags
earnings
-
News
TPI Composites, Inc. Reports Preliminary Estimated Second Quarter 2023 Earnings Results and Provides Updated Guidance for 2023
Rhea-AI Summary
TPI Composites, Inc. released preliminary estimated financial results for Q2 2023 and updated guidance for 2023, following quality issues that have negatively impacted performance. The company expects net sales of approximately $380 million and a net loss attributable to common stockholders in the range of $78 million to $83 million for Q2 2023. The updated guidance for 2023 projects lower net sales and adjusted EBITDA margins.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-38.09%
Tags
earnings
News
TPI Composites, Inc. Appoints Neil Jones as Chief Quality Officer
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.19%
Tags
management
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News
TPI Composites, Inc. Announces Second Quarter 2023 Earnings Release Date and Conference Call
Rhea-AI Summary
TPI Composites, Inc. will release its second quarter 2023 results on August 3, 2023, followed by a conference call at 5:00 p.m. ET on the same day. Interested parties can access the call live over the phone or through a webcast on the company's website. A replay will be available until August 10, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.03%
Tags
earnings
-
News
TPI Composites’ Senior Director of Innovation and Technology, Stephen Nolet is a Contributing Author in “Grand Challenges in the Design, Manufacture, and Operation of Future Wind Turbine Systems”
Rhea-AI Summary
Stephen Nolet, Senior Director of Innovation and Technology at TPI Composites, Inc., is a contributing author in the Wind Energy Science journal's 2023 'Grand Challenges in the Design, Manufacture, and Operation of Future Wind Turbine Systems'. Mr. Nolet has over 19 years of service with TPI Composites and is a named inventor on more than 35 USPTO patents. He has been involved in numerous industry projects and sponsored research with various institutions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.1%
Tags
none
News
NGP Energy Transition IV, L.P. Completes Final Closing at $700 Million
Rhea-AI Summary
NGP Energy Transition IV has closed at $700 million of total capital commitments. The fund has invested over $100 million in seven portfolio companies and believes the energy transition is well underway.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.41%
Tags
none
Stock TPIC logo
TPI Composites, Inc.

Nasdaq:TPIC

TPIC Rankings

#3900 Ranked by Market Cap
#5286 Ranked by Stock Gains
N/A Ranked by Dividends

TPIC Stock Data

172.79M
42.67M
2.38%
78.92%
14.39%
Other Engine Equipment Manufacturing
Manufacturing
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United States of America
SCOTTSDALE

About TPIC

tpi is the largest u.s.-based independent manufacturer of composite wind blades for the high-growth wind energy market supporting global wind turbine manufacturers. tpi operates composite products manufacturing facilities in north america, europe and asia. our products excel where high strength, light weight and durability are required. tpi has over five decades of innovation and expertise in manufacturing large-scale composite structures of highest quality at a competitive total delivered cost to our customers. our advanced composites manufacturing technology allows us to build near aerospace grade parts at industrial prices. tpi's advanced composite technology and manufacturing expertise have also been applied to create first-of-their-kind composite solutions in the transportation markets.