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.
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
Departure of Directors or Certain Officers
12 Mar 24
10-K
2023 FY
Annual report
22 Feb 24
8-K
Results of Operations and Financial Condition
22 Feb 24
EFFECT
Notice of effectiveness
6 Feb 24
CORRESP
Correspondence with SEC
1 Feb 24
UPLOAD
Letter from SEC
25 Jan 24
S-3
Shelf registration
12 Jan 24
8-K
Departure of Directors or Certain Officers
3 Jan 24
8-K
Significantly Strengthening Company’s Liquidity Position and Enhancing Financial Flexibility
14 Dec 23
8-K
TPI Composites, Inc. Appoints Charles Stroo as Chief Operating Officer, Wind
27 Nov 23
Transcripts
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 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
TPIC
Earnings call transcript
2021 Q4
25 Feb 22
TPIC
Earnings call transcript
2021 Q3
9 Nov 21
Latest ownership filings
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
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Net income | |||||
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Change in cash | |||||
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) | 173.88 mm | 173.88 mm | 173.88 mm | 173.88 mm | 173.88 mm | 173.88 mm |
Cash burn (monthly) | 2.42 mm | (no burn) | 16.24 mm | 11.13 mm | 3.88 mm | 5.26 mm |
Cash used (since last report) | 14.48 mm | n/a | 97.15 mm | 66.59 mm | 23.24 mm | 31.45 mm |
Cash remaining | 159.40 mm | n/a | 76.73 mm | 107.29 mm | 150.64 mm | 142.43 mm |
Runway (months of cash) | 65.8 | n/a | 4.7 | 9.6 | 38.8 | 27.1 |
Institutional ownership, Q3 2023
13F holders | Current |
---|---|
Total holders | 172 |
Opened positions | 28 |
Closed positions | 51 |
Increased positions | 44 |
Reduced positions | 58 |
13F shares | Current |
---|---|
Total value | 86.81 bn |
Total shares | 53.15 mm |
Total puts | 156.10 k |
Total calls | 38.60 k |
Total put/call ratio | 4.0 |
Largest owners | Shares | Value |
---|---|---|
Element Partners Ii | 8.37 mm | $0.00 |
BLK Blackrock | 4.73 mm | $12.53 bn |
Angeleno Investors Ii L P | 3.86 mm | $0.00 |
GE Ventures | 2.84 mm | $0.00 |
NGP Energy Technology Partners | 2.44 mm | $0.00 |
Vanguard | 2.20 mm | $5.82 bn |
Point72 Asset Management | 1.95 mm | $5.16 bn |
MS Morgan Stanley | 1.85 mm | $4.89 bn |
STT State Street | 1.58 mm | $4.17 bn |
IVZ Invesco | 1.51 mm | $4.00 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
21 Mar 24 | Adan Gossar | Common Stock | Payment of exercise | Dispose F | No | No | 2.88 | 421 | 1.21 k | 72,923 |
21 Mar 24 | Adan Gossar | Common Stock | Option exercise | Acquire M | No | No | 0 | 1,408 | 0.00 | 73,344 |
21 Mar 24 | Adan Gossar | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 1,408 | 0.00 | 4,223 |
21 Mar 24 | Steven G Fishbach | Common Stock | Payment of exercise | Dispose F | No | No | 2.88 | 932 | 2.68 k | 112,147 |
21 Mar 24 | Steven G Fishbach | Common Stock | Option exercise | Acquire M | No | No | 0 | 2,252 | 0.00 | 113,079 |
21 Mar 24 | Steven G Fishbach | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 2,252 | 0.00 | 6,757 |
21 Mar 24 | William E Siwek | Common Stock | Payment of exercise | Dispose F | No | No | 2.88 | 5,157 | 14.85 k | 208,347 |
21 Mar 24 | William E Siwek | Common Stock | Option exercise | Acquire M | No | No | 0 | 12,034 | 0.00 | 213,504 |
21 Mar 24 | William E Siwek | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 12,034 | 0.00 | 36,102 |
21 Mar 24 | Ryan D. Miller | Common Stock | Payment of exercise | Dispose F | No | No | 2.88 | 1,254 | 3.61 k | 17,321 |
News
12 Industrials Stocks Moving In Monday's After-Market Session
11 Mar 24
12 Industrials Stocks Moving In Friday's After-Market Session
8 Mar 24
12 Industrials Stocks Moving In Friday's Intraday Session
23 Feb 24
TPI Composites: Q4 Earnings Insights
22 Feb 24
TPI Composites Q4 2023 Adj EPS $(1.63) Misses $(0.88) Estimate, Sales $296.99M Miss $342.96M Estimate
22 Feb 24