Tpi Composites Stock Price, News & Analysis

TPI Composites (Nasdaq: TPIC) reported strong fourth quarter results for 2020, achieving net sales of $465.6 million, a 10.3% increase, and a net income of $5.2 million or $0.14 per diluted share. The full year results showed net sales of $1,670.1 million despite a net loss of $19.0 million. Adjusted EBITDA rose to $40.8 million, with a margin expansion to 8.8%. For 2021, the company projects net sales between $1.75 billion and $1.85 billion and adjusted EBITDA of $110 million to $135 million, reflecting optimism in wind and transportation markets.

TPI Composites (Nasdaq: TPIC) announced the upcoming release of its Q4 and full-year 2020 results on February 25, 2021, following market close. A conference call will be held at 5:00 p.m. ET, accessible by phone or via a live webcast. TPI is noted as the sole independent manufacturer of composite wind blades for the wind energy sector, boasting a global manufacturing presence, including facilities in the U.S., China, and Mexico.

TPI Composites, Inc. (Nasdaq: TPIC) will participate in several upcoming investor conferences, showcasing its commitment to the renewable energy sector. The events include the Morgan Stanley Energy & Clean Tech Corporate Access Day on December 2, 2020, and the BofA Securities Renewables Symposium from December 3-4, with a presentation scheduled for December 4 at 8:45 a.m. Eastern Time. Additionally, TPI will attend the Capital One Energy Conference on December 7, 2020. TPI is recognized as the sole independent manufacturer of composite wind blades globally, operating factories across multiple countries.

TPI Composites (Nasdaq: TPIC) reported a strong third quarter on Nov. 5, 2020, with net sales of $474.1 million, up 23.5% year-over-year. The company achieved net income of $42.4 million or $1.13 per diluted share, alongside an Adjusted EBITDA of $49.1 million. Wind blade sales increased 27.8% to $450.1 million. The company anticipates Q4 2020 net sales between $435 million and $455 million and full-year guidance of $1.64 billion to $1.66 billion, despite challenges from the COVID-19 pandemic impacting production.

TPI Composites, Inc. (Nasdaq: TPIC) will participate in several upcoming virtual investor conferences. The management team will join the J.P. Morgan Virtual Energy Tour on November 9, 2020, featuring a fireside chat at 10:00 a.m. ET. Following that, they will present at the Baird Virtual Industrial Conference on November 12, 2020, at 9:40 a.m. ET. Finally, TPI will attend the Craig Hallum Alpha Select Investor Conference on November 17, 2020. TPI is a leading manufacturer of composite wind blades for the wind energy sector, with operations across several countries.

TPI Composites, Inc. (TPIC) will release its third-quarter 2020 results on November 5, 2020, after market close, followed by a conference call at 5:00 p.m. ET. Investors can access the call via phone or listen online at the company’s website. TPI is the only independent manufacturer of composite wind blades for the wind energy market, with a global presence, operating factories in various countries, and maintaining long-term relationships with leading OEMs in the wind and transportation industries.

TPI Composites, Inc. (Nasdaq: TPIC) announced participation in several upcoming investor conferences. The schedule includes the Morgan Stanley Utilities & Clean Energy Summit on September 23, 2020, and an ESG Webcast on September 29, 2020, at 11:00 a.m. Eastern Time. Additionally, TPI will attend the J.P. Morgan Global Leaders Conference on October 1, 2020. TPI is a leading independent manufacturer of composite wind blades, with a global presence and strong partnerships in the wind and transportation sectors.

TPI Composites, Inc. (Nasdaq: TPIC) announced the addition of Bavan Holloway to its board of directors, effective September 8, 2020. Holloway brings over 30 years of finance and audit experience, previously serving as Vice President of Corporate Audit at Boeing. TPI's Chairman, Steven Lockard, expressed confidence that Holloway's expertise will support the company’s strategy for diversified, profitable global growth. TPI is the only independent manufacturer of composite wind blades and operates globally, with facilities in the U.S., China, Mexico, Turkey, and India.