Company Description
TPI Composites, Inc. (trading under the symbol TPICQ) is a company whose common stock has been listed on the OTC Pink market, as indicated in its Form 8-K filing referencing its common stock with a par value of $0.01 and the trading symbol TPICQ on OTC Pink. According to SEC filings, the company has had its common stock removed from listing and/or registration on The Nasdaq Stock Market LLC through a Form 25 (Notification of Removal from Listing and/or Registration Under Section 12(b) of the Securities Exchange Act of 1934) filed by Nasdaq Stock Market LLC. This means that the company’s common stock is no longer listed on Nasdaq and instead is referenced in filings as trading on OTC Pink.
The SEC documents identify the issuer as TPI Composites, Inc. and describe its class of securities as common stock. The filings also show that the company has conducted significant corporate transactions involving the sale and transfer of ownership interests in subsidiaries that operated wind blade manufacturing facilities and a field service inspection and repair business in Izmir, Türkiye. These subsidiaries, referred to collectively as TPI Türkiye, comprised the majority of the company’s EMEA segment, according to the Form 8-K disclosure. The transaction included the transfer of assets and operations of two wind blade manufacturing facilities and a field service inspection and repair business, along with the assumption of the entire liabilities and debt position of TPI Türkiye by the purchaser.
Based on the Form 8-K description of the transaction, TPI Composites, Inc. has been involved in the manufacture of wind blades and related field service activities through its subsidiaries in Türkiye. The facilities and operations in Izmir, Türkiye, along with a workforce of approximately 2,700 Turkish employees employed by the subsidiaries sold, indicate that the company historically operated in the wind blade manufacturing and services space, at least within its EMEA segment.
The company’s principal executive offices are identified in SEC filings as being located in Scottsdale, Arizona. In the Form 8-K and Form 25 filings, TPI Composites, Inc. provides a Scottsdale, Arizona location for its principal executive offices, confirming that the company is based in the United States with executive operations in Arizona. The filings also show that the company has used a corporate structure involving direct and indirect subsidiaries, including TPI Holdings Switzerland GmbH as a seller entity in the transaction with XCS Composites L.L.C-FZ.
From a corporate events perspective, TPI Composites, Inc. has reported material events on Form 8-K, including the completion of the acquisition or disposition of assets related to TPI Türkiye and the resignation of a member of its board of directors. In an 8-K filing, the company disclosed that a director, James A. Hughes, resigned from the board of directors and that there were no disagreements between the company and the director relating to the company’s operations, policies, or practices that resulted in his decision to step down.
The Form 8-K discussing the TPI Türkiye transaction notes that the sale and transfer of the subsidiaries’ ownership interests followed the satisfactory completion of closing conditions, including approval by the U.S. Bankruptcy Court for the Southern District of Texas. The filing also references unaudited pro forma condensed consolidated financial statements of the company, prepared to give effect to the transaction for specified historical periods, and filed as an exhibit to the Form 8-K. These disclosures indicate that the transaction was significant enough to require pro forma financial information under SEC rules.
For investors researching TPICQ stock, the available SEC filings highlight several key aspects of TPI Composites, Inc.: its transition from a Nasdaq-listed security to trading on OTC Pink, its involvement in wind blade manufacturing and related services through subsidiaries in Türkiye, its use of a multinational subsidiary structure, and its reporting of board-level changes and major asset transactions via Form 8-K. While detailed segment breakdowns and broader business descriptions are not provided in the excerpts here, the filings confirm that TPI Türkiye represented the majority of the company’s EMEA segment and that the company has undertaken significant restructuring of those operations.
Trading status and listing history
According to Form 25 filings submitted by Nasdaq Stock Market LLC, TPI Composites, Inc.’s common stock was removed from listing and/or registration on Nasdaq under Section 12(b) of the Securities Exchange Act of 1934. The Form 25 identifies the issuer as TPI Composites, Inc., the exchange as Nasdaq Stock Market LLC, and the class of securities as common stock. The filing notes that Nasdaq complied with its rules to strike the class of securities from listing and/or withdraw registration on the exchange. Subsequent Form 8-K disclosures identify the company’s common stock as trading on OTC Pink under the symbol TPICQ.
Operations and asset transactions
In a Form 8-K filed under Item 2.01 (Completion of Acquisition or Disposition of Assets), TPI Composites, Inc. describes a transaction in which TPI Holdings Switzerland GmbH, a subsidiary of the company, consummated the sale and transfer of its ownership interests in two subsidiaries in Türkiye to XCS Composites L.L.C-FZ. These subsidiaries operated two wind blade manufacturing facilities and a field service inspection and repair business in Izmir, Türkiye. The transaction was completed on an “as-is” basis and included the assumption of the entire liabilities and debt position of TPI Türkiye by the purchaser, following approval by the U.S. Bankruptcy Court for the Southern District of Texas.
The Form 8-K states that TPI Türkiye comprised the majority of the company’s EMEA segment and that approximately 2,700 Turkish employees were employed by the subsidiaries that were sold and transferred as part of the transaction. The company also filed unaudited pro forma condensed consolidated financial statements as an exhibit to the Form 8-K, giving effect to the transaction for specified historical periods.
Corporate governance disclosures
Another Form 8-K filed by TPI Composites, Inc. reports the resignation of a member of its board of directors. The filing states that on November 3, 2025, James A. Hughes resigned from the company’s board of directors and that there were no disagreements between the company and Mr. Hughes relating to the company’s operations, policies, or practices that resulted in his decision to step down. This type of disclosure provides insight into changes in the company’s governance structure and complies with SEC requirements for reporting departures of directors or certain officers.
Use of SEC filings for research
For those analyzing TPI Composites, Inc. and TPICQ, the SEC filings referenced here offer primary information about the company’s trading status, major asset transactions, segment composition related to TPI Türkiye, and board-level changes. The filings also identify the company’s principal executive offices in Scottsdale, Arizona, and confirm that its common stock is classified as common stock with a par value of $0.01. Investors and researchers can use these documents to understand historical corporate actions, structural changes, and the regulatory context in which the company operates.
Stock Performance
Tpi Composites (TPICQ) stock last traded at $0.0087, down 8.05% from the previous close. Over the past 12 months, the stock has lost 80.7%. At a market capitalization of $414.5K, TPICQ is classified as a micro-cap stock with approximately 48.8M shares outstanding.
Latest News
SEC Filings
Tpi Composites has filed 5 recent SEC filings, including 2 Form EFFECT, 1 Form 15-12G, 1 Form 10-K, 1 Form POS AM. The most recent filing was submitted on March 26, 2026. SEC filings provide transparency into a company's financial condition, material events, and regulatory compliance. View all TPICQ SEC filings →
Financial Highlights
Tpi Composites generated $918.5M in revenue over the trailing twelve months, retaining a -12.0% gross margin, operating income reached -$179.4M (-19.5% operating margin), and net income was -$201.8M, reflecting a -22.0% net profit margin. Diluted earnings per share stood at $-7.02. The company generated -$126.4M in operating cash flow. With a current ratio of 0.24, short-term liquidity bears monitoring.
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Short Interest History
Short interest in Tpi Composites (TPICQ) currently stands at 2.0 million shares, down 2.9% from the previous reporting period, representing 5.8% of the float. Over the past 12 months, short interest has decreased by 44.9%. The 7.3 days to cover indicates moderate liquidity for short covering.
Days to Cover History
Days to cover for Tpi Composites (TPICQ) currently stands at 7.3 days, down 24.2% from the previous period. This moderate days-to-cover ratio suggests reasonable liquidity for short covering, requiring about a week of average trading volume. The days to cover has increased 631% over the past year, indicating improving liquidity conditions. The ratio has shown significant volatility over the period, ranging from 1.0 to 9.6 days.
TPICQ Company Profile & Sector Positioning
Tpi Composites (TPICQ) operates in the Specialty Industrial Machinery industry within the broader Industrials sector and is listed on the OTC Link.