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.
![TPI Composites logo](/files/LOGO/1455684-TPIC.png)
Company profile
Ticker
TPIC
Exchange
Website
CEO
William Siwek
Employees
Location
Fiscal year end
Industry (SIC)
Former names
TPI COMPOSITES INC
SEC CIK
Corporate docs
Subsidiaries
Composite Solutions, Inc. • TPI Inc. • TPI Technology, Inc. • TPI Arizona, LLC • TPI Iowa, LLC • TPI China, LLC • TPI Mexico, LLC • TPI Mexico • TPI Composites S. de R.L. de C.V. • TPI Composites II, S. de R.L. de C.V. ...
TPIC stock data
Latest filings (excl ownership)
8-K
TPI Composites Announces Agreement to Divest Automotive Business Unit as a Part of Continued Focus on Wind
17 Jun 24
8-K
Submission of Matters to a Vote of Security Holders
4 Jun 24
SD
Conflict minerals disclosure
31 May 24
10-Q
2024 Q1
Quarterly report
2 May 24
8-K
Results of Operations and Financial Condition
2 May 24
ARS
2023 FY
Annual report to shareholders
22 Apr 24
DEF 14A
Definitive proxy
22 Apr 24
PRE 14A
Preliminary proxy
12 Apr 24
8-K
Departure of Directors or Certain Officers
9 Apr 24
8-K
Departure of Directors or Certain Officers
12 Mar 24
Transcripts
TPIC
Earnings call transcript
2024 Q1
2 May 24
TPIC
Earnings call transcript
2023 Q4
22 Feb 24
TPIC
Earnings call transcript
2023 Q3
2 Nov 23
TPIC
Earnings call transcript
2023 Q2
3 Aug 23
TPIC
Earnings call transcript
2023 Q2
3 Aug 23
TPIC
Earnings call transcript
2023 Q1
3 May 23
TPIC
Earnings call transcript
2022 Q4
22 Feb 23
TPIC
Earnings call transcript
2022 Q3
4 Nov 22
TPIC
Earnings call transcript
2022 Q2
4 Aug 22
TPIC
Earnings call transcript
2022 Q1
6 May 22
Latest ownership filings
Financial summary
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Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | Dec 20 | |
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Revenue | |||||
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Operating income | |||||
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 129.74 mm | 129.74 mm | 129.74 mm | 129.74 mm | 129.74 mm | 129.74 mm |
Cash burn (monthly) | 14.36 mm | 3.72 mm | 19.50 mm | 18.84 mm | 13.00 mm | 3.01 mm |
Cash used (since last report) | 55.51 mm | 14.39 mm | 75.40 mm | 72.85 mm | 50.26 mm | 11.64 mm |
Cash remaining | 74.22 mm | 115.34 mm | 54.34 mm | 56.89 mm | 79.47 mm | 118.10 mm |
Runway (months of cash) | 5.2 | 31.0 | 2.8 | 3.0 | 6.1 | 39.2 |
Institutional ownership, Q1 2024
13F holders | Current |
---|---|
Total holders | 148 |
Opened positions | 57 |
Closed positions | 30 |
Increased positions | 29 |
Reduced positions | 31 |
13F shares | Current |
---|---|
Total value | 86.76 bn |
Total shares | 53.83 mm |
Total puts | 1.02 mm |
Total calls | 362.50 k |
Total put/call ratio | 2.8 |
Largest owners | Shares | Value |
---|---|---|
Element Partners Ii | 8.37 mm | $0.00 |
Oaktree Capital Management | 4.60 mm | $13.39 bn |
OAK-PA Oaktree Capital | 4.60 mm | $17.07 mm |
Angeleno Investors Ii L P | 3.86 mm | $0.00 |
Point72 Asset Management | 3.58 mm | $10.43 bn |
BLK Blackrock | 2.91 mm | $8.48 bn |
GE Ventures | 2.84 mm | $0.00 |
NGP Energy Technology Partners | 2.44 mm | $0.00 |
Vanguard | 2.29 mm | $6.65 bn |
IVZ Invesco | 1.69 mm | $4.92 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
29 May 24 | III Edward C Hall, | Stock Options Common Stock | Grant | Acquire A | No | No | 4.95 | 16,261 | 80.49 k | 16,261 |
29 May 24 | III Edward C Hall, | RSU Common Stock | Grant | Acquire A | No | No | 0 | 27,273 | 0.00 | 27,273 |
24 May 24 | Giovacchini Paul G | Common Stock | Option exercise | Acquire M | No | No | 0 | 10,044 | 0.00 | 82,867 |
24 May 24 | Giovacchini Paul G | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 10,044 | 0.00 | 0 |
24 May 24 | Hudson Linda P | Common Stock | Option exercise | Acquire M | No | No | 0 | 10,044 | 0.00 | 24,985 |
24 May 24 | Hudson Linda P | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 10,044 | 0.00 | 0 |
24 May 24 | Bavan Holloway | Common Stock | Option exercise | Acquire M | Yes | No | 0 | 10,044 | 0.00 | 23,673 |
24 May 24 | Bavan Holloway | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 10,044 | 0.00 | 0 |
22 May 24 | Giovacchini Paul G | RSU Common Stock | Grant | Acquire A | No | No | 0 | 30,134 | 0.00 | 30,134 |
22 May 24 | Bavan Holloway | RSU Common Stock | Grant | Acquire A | No | No | 0 | 30,134 | 0.00 | 30,134 |
News
Piper Sandler Maintains Neutral on TPI Composites, Raises Price Target to $3.5
22 Jul 24
B of A Securities Maintains Buy on TPI Composites, Raises Price Target to $6
17 Jul 24
JP Morgan Maintains Overweight on TPI Composites, Raises Price Target to $9
16 Jul 24
3 Under-the-Radar Clean Energy Stocks With Upside Potential, Regardless Of Who's In The White House
16 Jul 24
Roth MKM Maintains Neutral on TPI Composites, Raises Price Target to $3.75
6 May 24
Press releases
TPI Composites, Inc. Announces Second Quarter 2024 Earnings Release Date and Conference Call
18 Jul 24
TPI Composites Announces Agreement to Divest Automotive Business Unit as a Part of Continued Focus on Wind
17 Jun 24
TPI Composites Manufactures All-Composite Cab for the Next-Generation Kenworth SuperTruck 2
22 May 24
TPI Composites Partners with University of Maine and Oak Ridge National Laboratory to Leverage One of the World's Largest Polymer 3D Printers for Wind Turbine Tooling
7 May 24
TPI Composites, Inc. Announces First Quarter 2024 Earnings Results – Results In-line with Company Expectations; Reiterate Full Year 2024 Financial Guidance
2 May 24