Annonce • Mar 27
TPI Composites, Inc Files Form 15 TPI Composites, Inc. has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its Common Stock, par value $0.01 under the Securities Exchange Act of 1934, as amended. Annonce • Sep 26
TPI Composites Announces Delisting of Common Stock from the Nasdaq Stock Market The Nasdaq Stock Market announced that it will delist the common stock of TPI Composites, Inc. TPI Composites, Inc.’s stock was suspended on August 19, 2025 and has not traded on Nasdaq since that time. Annonce • Aug 19
TPI Composites, Inc.(OTCPK:TPIC.Q) dropped from NASDAQ Composite Index TPI Composites, Inc. has been dropped from the Nasdaq Composite Index. Annonce • Aug 12
TPI Composites, Inc. Filed for Bankruptcy TPI Composites, Inc. along with its 21 affiliates, filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the Southern District of Texas on August 11, 2025. The debtor listed its assets in the range of $500 million to $1 billion and liabilities in the range of $1 billion to $10 billion. The debtor is represented by Gabriel Adam Morgan of Weil, Gotshal & Manges LLP as its legal counsel. The debtor also hired Alvarez & Marsal North America, LLC as its financial advisor, Jefferies LLC as its investment banker, and Kroll Restructuring Administration LLC as claims and noticing agent. Annonce • May 13
TPI Composites, Inc. Reaffirms Earnings Guidance for 2025 TPI Composites, Inc. reaffirmed earnings guidance for 2025. For the year, the company continued to anticipate sales from continuing operations in the range of $1.4 billion to $1.5 billion, representing high single-digit year-over-year growth at the midpoint of the guidance. Annonce • May 09
TPI Composites Receives Deficiency Letter from the Nasdaq Listing Qualifications Department of the Nasdaq Stock Market On May 2, 2025, TPI Composites, Inc. received a deficiency letter from the Nasdaq Listing Qualifications Department (the “Nasdaq Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, for the last 30 consecutive business days, the closing bid price for the Company’s common stock (the “Common Stock”) has been below the minimum $1.00 per share required for continued listing on The Nasdaq Global Market pursuant to Nasdaq Listing Rule 5450(a)(1) (the “Nasdaq Minimum Bid Price Requirement”). The Nasdaq deficiency letter has no immediate effect on the listing of the Common Stock, and the Common Stock will continue to trade on The Nasdaq Global Market under the symbol “TPIC” at this time. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has been given 180 calendar days, or until October 29, 2025, to regain compliance with the Nasdaq Minimum Bid Price Requirement. If at any time before October 29, 2025, the bid price of the Common Stock closes at $1.00 per share or more for a minimum of 10 consecutive business days, the Nasdaq Staff will provide written confirmation that the Company has achieved compliance. If the Company does not regain compliance with the Nasdaq Minimum Bid Price Requirement by October 29, 2025, the Company will receive written notification from Nasdaq that the Company’s securities are subject to delisting. At that time, the Company may appeal the delisting determination to a Nasdaq hearings panel. The Company intends to monitor the closing bid price of its Common Stock and may, if appropriate, consider available options to regain compliance with the Nasdaq Minimum Bid Price Requirement, including initiating a reverse stock split. However, there can be no assurance that the Company will be able to regain compliance with the Nasdaq Minimum Bid Price Requirement or will otherwise be in compliance with other Nasdaq Listing Rules. Annonce • Apr 18
TPI Composites, Inc. to Report Q1, 2025 Results on May 08, 2025 TPI Composites, Inc. announced that they will report Q1, 2025 results After-Market on May 08, 2025 Annonce • Feb 22
TPI Composites, Inc. Provides Earnings Guidance for Full Year Ending December 31, 2025 TPI Composites, Inc. provided earnings guidance for full year ending December 31, 2025. For the period, the company expects sales from continuing operations in the range of$1.4 billion - $1.5 billion. Annonce • Jan 31
TPI Composites, Inc. to Report Q4, 2024 Results on Feb 20, 2025 TPI Composites, Inc. announced that they will report Q4, 2024 results After-Market on Feb 20, 2025 New Risk • Nov 15
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: US$191m Forecast net loss in 2 years: US$939k This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (14% average weekly change). Negative equity (-US$322m). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$939k net loss in 2 years). Shareholders have been diluted in the past year (12% increase in shares outstanding). Reported Earnings • Nov 08
Third quarter 2024 earnings released: US$0.81 loss per share (vs US$1.71 loss in 3Q 2023) Third quarter 2024 results: US$0.81 loss per share (improved from US$1.71 loss in 3Q 2023). Revenue: US$380.8m (up 2.1% from 3Q 2023). Net loss: US$38.6m (loss narrowed 47% from 3Q 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 50% per year, which means it is performing significantly worse than earnings. Annonce • Nov 08
TPI Composites, Inc. Announces Appointment of Jennifer Lowry to the Board of Directors, Effective as of November 13, 2024 TPI Composites, Inc. announced that Jennifer Lowry will be appointed to its board of directors, effective as of November 13, 2024. Ms. Lowry also will serve on the Audit Committee of the Board. Ms. Lowry brings many years of broad finance experience in the electric power industry. Ms. Lowry currently serves as an independent director of Clearway Energy, Inc. since February 2022 and MYR Group Inc. since July 2018. Ms. Lowry served as Vice President of Risk, Treasury, and Corporate Finance for McCormick & Company, Inc., a global food company, from 2016 until her retirement in July 2021. Prior to that, Ms. Lowry spent over 25 years in the energy sector, including serving as Senior Vice President, Generation Strategy at Exelon Corporation, a U.S. power generator, and as Vice President and Treasurer at Constellation Energy. She also held executive positions at companies within the electric power industry including The AES Corporation and Cogentrix Energy Group, Inc. Ms. Lowry attended Dartmouth College, where she earned a Bachelor of Arts degree and Bachelor of Engineering degree with a focus on electrical engineering, and she earned a Masters in Management from the Northwestern University Kellogg School of Management. New Risk • Oct 23
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: US$195m Forecast net loss in 2 years: US$6.7m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Negative equity (-US$274m). Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$127m). Currently unprofitable and not forecast to become profitable over next 2 years (US$6.7m net loss in 2 years). Shareholders have been diluted in the past year (12% increase in shares outstanding). Annonce • Oct 18
TPI Composites, Inc. to Report Q3, 2024 Results on Nov 07, 2024 TPI Composites, Inc. announced that they will report Q3, 2024 results After-Market on Nov 07, 2024 New Risk • Aug 12
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: US$195m Forecast net loss in 2 years: US$1.6m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Negative equity (-US$274m). Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$127m). Currently unprofitable and not forecast to become profitable over next 2 years (US$1.6m net loss in 2 years). Shareholders have been diluted in the past year (12% increase in shares outstanding). Reported Earnings • Aug 09
Second quarter 2024 earnings released: US$1.30 loss per share (vs US$1.90 loss in 2Q 2023) Second quarter 2024 results: US$1.30 loss per share (improved from US$1.90 loss in 2Q 2023). Revenue: US$309.8m (down 19% from 2Q 2023). Net loss: US$61.5m (loss narrowed 24% from 2Q 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has fallen by 55% per year, which means it is performing significantly worse than earnings. Annonce • Jul 19
TPI Composites, Inc. to Report Q2, 2024 Results on Aug 08, 2024 TPI Composites, Inc. announced that they will report Q2, 2024 results After-Market on Aug 08, 2024 Breakeven Date Change • May 06
Forecast to breakeven in 2026 The 13 analysts covering TPI Composites expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$12.5m in 2026. Average annual earnings growth of 109% is required to achieve expected profit on schedule. New Risk • May 06
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: US$204m Forecast net loss in 2 years: US$265k This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (14% average weekly change). Negative equity (-US$184m). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$265k net loss in 2 years). Shareholders have been diluted in the past year (12% increase in shares outstanding). Reported Earnings • May 03
First quarter 2024 earnings released: US$1.31 loss per share (vs US$0.72 loss in 1Q 2023) First quarter 2024 results: US$1.31 loss per share (further deteriorated from US$0.72 loss in 1Q 2023). Revenue: US$299.1m (down 26% from 1Q 2023). Net loss: US$61.8m (loss widened 104% from 1Q 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has fallen by 56% per year, which means it is performing significantly worse than earnings. Annonce • May 03
TPI Composites, Inc. Reiterates Earnings Guidance for the Year Ending December 31, 2024 TPI Composites, Inc. reiterated earnings guidance for the year ending December 31, 2024. For the period, the company reiterated net sales from continuing operations of $1.3 billion - $1.4 billion. Annonce • Apr 12
TPI Composites, Inc. to Report Q1, 2024 Results on May 02, 2024 TPI Composites, Inc. announced that they will report Q1, 2024 results After-Market on May 02, 2024 Annonce • Apr 10
TPI Composites, Inc. Announces Board Retirements TPI Composites, Inc. announced that Philip Deutch and Linda Hudson were retiring from TPI’s Board of Directors, effective upon the conclusion of TPI’s annual meeting of stockholders on May 29, 2024. Mr. Deutch and Ms. Hudson have served as directors since 2007 and 2020, respectively. Annonce • Mar 15
TPI Composites, Inc. Announces Resignation of Lance Marram as Chief Commercial Officer, Effective on March 15, 2024 On March 6, 2024, Lance Marram notified TPI Composites, Inc. (the “Company”) of his decision to resign from his position as Chief Commercial Officer – Wind of the Company, effective March 15, 2024, to pursue other business opportunities. There are no disagreements between the Company and Mr. Marram relating to the Company’s operations, policies, or practices that resulted in Mr. Marram’s resignation. New Risk • Feb 24
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 13% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (26% average weekly change). Negative equity (-US$122m). Minor Risk Shareholders have been diluted in the past year (13% increase in shares outstanding). New Risk • Feb 23
New major risk - Negative shareholders equity The company has negative equity. Total equity: -US$122m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (25% average weekly change). Negative equity (-US$122m). Reported Earnings • Feb 23
Full year 2023 earnings released: US$4.60 loss per share (vs US$2.73 loss in FY 2022) Full year 2023 results: US$4.60 loss per share (further deteriorated from US$2.73 loss in FY 2022). Revenue: US$1.46b (down 4.4% from FY 2022). Net loss: US$196.5m (loss widened 72% from FY 2022). Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has fallen by 62% per year, which means it is performing significantly worse than earnings. Annonce • Feb 02
TPI Composites, Inc. to Report Q4, 2023 Results on Feb 22, 2024 TPI Composites, Inc. announced that they will report Q4, 2023 results After-Market on Feb 22, 2024 Breakeven Date Change • Dec 31
Forecast to breakeven in 2026 The 11 analysts covering TPI Composites expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$16.0m in 2026. Average annual earnings growth of 90% is required to achieve expected profit on schedule. Annonce • Nov 29
TPI Composites, Inc. Appoints Charles (Chuck) Stroo as Chief Operating Officer, Wind TPI Composites, Inc., (TPI) announced that it has appointed Charles (Chuck) Stroo as Chief Operating Officer, Wind, effective November 27, 2023. In his role, Chuck will lead TPI’s global wind manufacturing operations. Prior to joining TPI, Chuck served in multiple, global operational roles at Collins Aerospace, most recently as Vice President of Power & Controls Operations. Chuck started his career with Collins Aerospace over twenty years ago as an engineer before transitioning to operational roles. Chuck holds a Bachelor of Science Degree in Electrical Engineering from Iowa State University and a Master of Business Administration from St. Ambrose University. Annonce • Nov 03
TPI Composites, Inc. Updates Earnings Guidance for the Year Ending December 31, 2023 TPI Composites, Inc. updated earnings guidance for the year ending December 31, 2023. For the year, the company expected Net Sales from Continuing Operations of $1.5 billion against the previous guidance range of $1.525 billion to $1.575 billion. Reported Earnings • Nov 03
Third quarter 2023 earnings released: US$1.71 loss per share (vs US$0.39 loss in 3Q 2022) Third quarter 2023 results: US$1.71 loss per share (further deteriorated from US$0.39 loss in 3Q 2022). Revenue: US$372.9m (down 19% from 3Q 2022). Net loss: US$72.8m (loss widened 343% from 3Q 2022). Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has fallen by 60% per year, which means it is performing significantly worse than earnings. Annonce • Oct 13
TPI Composites, Inc. to Report Q3, 2023 Results on Nov 02, 2023 TPI Composites, Inc. announced that they will report Q3, 2023 results at 4:00 PM, US Eastern Standard Time on Nov 02, 2023 New Risk • Oct 06
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €93.6m (US$98.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (15% average weekly change). Minor Risks Shareholders have been diluted in the past year (14% increase in shares outstanding). Market cap is less than US$100m (€93.6m market cap, or US$98.8m). Board Change • Oct 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 3 highly experienced directors. Independent Director Andrew Moir was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Breakeven Date Change • Aug 09
Forecast to breakeven in 2025 The 15 analysts covering TPI Composites expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 56% per year to 2024. The company is expected to make a profit of US$7.34m in 2025. Average annual earnings growth of 108% is required to achieve expected profit on schedule. Breakeven Date Change • Aug 05
Forecast to breakeven in 2025 The 15 analysts covering TPI Composites expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 46% per year to 2024. The company is expected to make a profit of US$2.61m in 2025. Average annual earnings growth of 101% is required to achieve expected profit on schedule. Reported Earnings • Aug 04
Second quarter 2023 earnings released: US$1.90 loss per share (vs US$0.48 loss in 2Q 2022) Second quarter 2023 results: US$1.90 loss per share (further deteriorated from US$0.48 loss in 2Q 2022). Revenue: US$381.3m (down 16% from 2Q 2022). Net loss: US$80.8m (loss widened 303% from 2Q 2022). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, earnings per share has fallen by 38% per year and the company’s share price has also fallen by 38% per year. Breakeven Date Change • Jul 28
No longer forecast to breakeven The 15 analysts covering TPI Composites no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of US$32.2m in 2025. New consensus forecast suggests the company will make a loss of US$1.93m in 2025. Annonce • Jul 28
TPI Composites, Inc. Provides Earnings Guidance for the Second Quarter Ended June 30, 2023 TPI Composites, Inc. provided earnings guidance for the second quarter ended June 30, 2023. For the quarter, the company expects net sales approximately $380 million, Net loss attributable to common stockholders of $78 million to $83 million, net loss from continuing operations of $62 million to $67 million. Annonce • Jul 23
TPI Composites, Inc. Appoints Neil Jones as Chief Quality Officer, Effective August 1, 2023 TPI Composites, Inc. announced that it has hired Neil Jones as its Chief Quality Officer, effective August 1, 2023. In this newly-created position, Neil will oversee all quality processes, systems and controls relating to TPI’s wind business and will report directly to TPI’s President and Chief Executive Officer, Bill Siwek. Neil brings over 25 years of experience in quality and engineering positions in the wind and automotive industry. Neil spent more than 13 years with Vestas Wind Systems in a variety of quality leadership roles, with the last five years as Senior Vice President - Quality, Health, Safety and Environment. Before joining Vestas, Neil spent over twenty years in the automotive industry, including engineering and quality leadership roles with TRW Automotive and a senior quality leadership role with Eaton Automotive. Neil holds a Bachelor’s Degree in Mechanical, Electrical and Fluid Dynamics Engineering from the University of Bath, Bath England. Annonce • Jul 21
TPI Composites, Inc. Announces the Last Day of Ramesh Gopalakrishnan as President and Chief Operating Officer Wind TPI Composites, Inc. notified Ramesh Gopalakrishnan, the Company's President and Chief Operating Officer Wind, that his last day of employment with the Company was July 18, 2023. Annonce • Jul 14
TPI Composites, Inc. to Report Q2, 2023 Results on Aug 03, 2023 TPI Composites, Inc. announced that they will report Q2, 2023 results After-Market on Aug 03, 2023 Recent Insider Transactions • Jun 07
President of Automotive recently sold €198k worth of stock On the 2nd of June, Jerry Lavine sold around 19k shares on-market at roughly €10.39 per share. This transaction amounted to 50% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €2.8m more than they bought in the last 12 months. Reported Earnings • May 05
First quarter 2023 earnings released: US$0.72 loss per share (vs US$0.61 loss in 1Q 2022) First quarter 2023 results: US$0.72 loss per share (further deteriorated from US$0.61 loss in 1Q 2022). Revenue: US$404.1m (up 18% from 1Q 2022). Net loss: US$30.3m (loss widened 19% from 1Q 2022). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Annonce • May 04
TPI Composites, Inc. Provides Earnings Guidance for the Year Ending December 31, 2023 TPI Composites, Inc. provided earnings guidance for the year ending December 31, 2023. For the period, the company expects net sales from continuing operations of $1.6 billion - $1.7 billion. Reported Earnings • Feb 24
Full year 2022 earnings released: US$2.73 loss per share (vs US$4.33 loss in FY 2021) Full year 2022 results: US$2.73 loss per share (improved from US$4.33 loss in FY 2021). Revenue: US$1.52b (up 3.4% from FY 2021). Net loss: US$114.5m (loss narrowed 29% from FY 2021). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Annonce • Feb 07
TPI Composites, Inc. to Report Q4, 2022 Results on Feb 22, 2023 TPI Composites, Inc. announced that they will report Q4, 2022 results at 4:00 PM, US Eastern Standard Time on Feb 22, 2023 Breakeven Date Change • Dec 15
Forecast to breakeven in 2024 The 14 analysts covering TPI Composites expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$13.2m in 2024. Average annual earnings growth of 66% is required to achieve expected profit on schedule. Board Change • Nov 16
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Andrew Moir was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 05
Third quarter 2022 earnings released: US$0.39 loss per share (vs US$0.83 loss in 3Q 2021) Third quarter 2022 results: US$0.39 loss per share (improved from US$0.83 loss in 3Q 2021). Revenue: US$459.3m (down 4.2% from 3Q 2021). Net loss: US$16.4m (loss narrowed 46% from 3Q 2021). Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance. Annonce • Oct 14
TPI Composites, Inc. to Report Q3, 2022 Results on Nov 03, 2022 TPI Composites, Inc. announced that they will report Q3, 2022 results at 4:00 PM, US Eastern Standard Time on Nov 03, 2022 Recent Insider Transactions • Sep 02
Chairman of the Board recently sold €2.6m worth of stock On the 31st of August, Steven Lockard sold around 140k shares on-market at roughly €18.35 per share. This transaction amounted to 27% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Steven has been a net seller over the last 12 months, reducing personal holdings by €2.5m. Breakeven Date Change • Aug 18
Forecast to breakeven in 2024 The 13 analysts covering TPI Composites expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$32.5m in 2024. Average annual earnings growth of 81% is required to achieve expected profit on schedule. Breakeven Date Change • Aug 10
Forecast to breakeven in 2024 The 13 analysts covering TPI Composites expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$2.49m in 2024. Average annual earnings growth of 72% is required to achieve expected profit on schedule. Reported Earnings • Aug 04
Second quarter 2022 earnings released: US$0.48 loss per share (vs US$1.08 loss in 2Q 2021) Second quarter 2022 results: US$0.48 loss per share (up from US$1.08 loss in 2Q 2021). Revenue: US$452.4m (down 1.4% from 2Q 2021). Net loss: US$20.1m (loss narrowed 50% from 2Q 2021). Over the next year, revenue is forecast to grow 7.8%, compared to a 15% growth forecast for the industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance. Board Change • Aug 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Andrew Moir was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Annonce • Jul 14
TPI Composites, Inc. to Report Q2, 2022 Results on Aug 03, 2022 TPI Composites, Inc. announced that they will report Q2, 2022 results After-Market on Aug 03, 2022 Board Change • Jul 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Andrew Moir was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Annonce • Jun 16
TPI Composites, Inc. Announces Board Changes In connection with the issuance and sale of $350,000,000 of Series A Preferred Stock by TPI Composites, Inc. (the “Company”) in November 2021 to Oaktree Power Opportunities Fund V (Delaware) Holdings L.P., Opps TPIC Holdings, LLC and Oaktree Phoenix Investment Fund, L.P. (collectively, the “Purchasers”), the Purchasers and the Company entered into an Investor Rights Agreement pursuant to which the Purchasers are entitled, among other things, to designate one representative to the Company’s Board of Directors (the “Board”). Following Peter Jonna’s resignation from the Board on June 10, 2022, the Purchasers have designated Andrew Moir as a successor to Mr. Jonna as their representative. The Company appointed Mr. Moir to the Board on June 15, 2022. Mr. Moir was appointed as a Class III Director to serve for a term expiring at the Company’s 2025 annual meeting of stockholders, or until his successor is elected or qualified or until his earlier resignation or removal. Mr. Moir was also appointed to the Compensation Committee of the Board. Since March 2022, Mr. Moir has served as senior vice president of Oaktree Capital Management’s Power Opportunities investment strategy. He is involved in all aspects of the group’s investment activities, including identifying potential investment opportunities, executing transactions and portfolio company oversight. In addition to his position on the Board, Mr. Moir also currently serves as a board observer of Montrose Environmental Group (NYSE: MEG) and Universal Plant Services. Mr. Moir previously served on the boards of Fidelity Building Services Group, Horizon Solar Power, Riggs Distler, Saber Power Services, Ten K Solar, The Kirlin Group, Trench Plate Rental Co. and Vac-One Services. He was also a board observer of GoodCents Holdings and Solomon Corporation. Mr. Moir served as a vice president at Oaktree from June 2015 to February 2022, and prior to joining Oaktree in 2013, Mr. Moir was at Moelis & Company, where he focused on executing M&A and capital markets transactions across multiple industries. Mr. Moir graduated cum laude with distinction from Yale University with a B.S. (Intensive) in chemistry and attended Stanford University for graduate studies in physical chemistry where he conducted research on novel solar cell technologies. Breakeven Date Change • Jun 13
Forecast to breakeven in 2024 The 14 analysts covering TPI Composites expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$33.5m in 2024. Average annual earnings growth of 72% is required to achieve expected profit on schedule. Annonce • May 24
TPI Composites, Inc. Appoints Ryan Miller as Chief Financial Officer TPI Composites, Inc. (TPI) announced that it has appointed Ryan Miller as Chief Financial Officer, effective May 23, 2022. In his role as Chief Financial Officer, Ryan will lead TPI’s finance, accounting and investor relations functions. Prior to joining TPI, Ryan served in various financial and investor relations roles at Rockwell Collins and Collins Aerospace from December 2002 to February 2022, most recently as the Vice President & Chief Financial Officer of the Avionics Division of Collins Aerospace, from November 2018 to February 2022. Ryan also worked for Deloitte & Touche LLP in public accounting in various audit roles. Ryan holds a Bachelor of Arts Degree in Accounting from the University of Northern Iowa and a Master of Business Administration from the University of Tennessee. Ryan earned his Certified Public Accountant designation in the state of Iowa. Reported Earnings • May 07
First quarter 2022 earnings released: US$0.38 loss per share (vs US$0.049 loss in 1Q 2021) First quarter 2022 results: US$0.38 loss per share (down from US$0.049 loss in 1Q 2021). Revenue: US$384.9m (down 4.9% from 1Q 2021). Net loss: US$15.8m (loss widened US$14.0m from 1Q 2021). Over the next year, revenue is forecast to grow 4.1%, compared to a 12% growth forecast for the industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. Board Change • Apr 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Peter Jonna was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Annonce • Apr 20
TPI Composites, Inc. to Report Q1, 2022 Results on May 05, 2022 TPI Composites, Inc. announced that they will report Q1, 2022 results After-Market on May 05, 2022 Annonce • Apr 12
TPI Composites, Inc., Annual General Meeting, May 25, 2022 TPI Composites, Inc., Annual General Meeting, May 25, 2022, at 13:00 Mountain Standard Time. Agenda: To elect three Class III directors James A. Hughes, Tyrone M. Jordan, and Peter J. Jonna to hold office until the 2025 annual meeting of stockholders or until their successors are duly elected and qualified, subject to their earlier resignation or removal; to ratify the appointment of KPMG LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2022; to conduct a non-binding advisory vote on the compensation of our named executive officers; to approve an amendment to the Company’s Amended and Restated Certificate of Incorporation to declassify the Board of Directors of the Company; and to consider any other matters. Annonce • Apr 01
TPI Composites, Inc. Announces Resignation of Directors On March 30, 2022, Jack Henry and Daniel Weiss notified TPI Composites, Inc. of their decision to retire and not to stand for re-election to the Board of Directors of the Company at the 2022 Annual Meeting of Stockholders . Mr. Henry’s and Mr. Weiss’s retirement will be effective immediately after the conclusion of the Annual Meeting. Reported Earnings • Feb 26
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: US$4.43 loss per share (down from US$0.54 loss in FY 2020). Revenue: US$1.73b (up 3.7% from FY 2020). Net loss: US$165.6m (loss widened US$146.6m from FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to stay flat compared to a 15% growth forecast for the industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 50 percentage points per year, which is a significant difference in performance. Breakeven Date Change • Feb 26
Forecast breakeven date pushed back to 2024 The 13 analysts covering TPI Composites previously expected the company to break even in 2023. New consensus forecast suggests losses will reduce by 82% per year to 2023. The company is expected to make a profit of US$72.8m in 2024. Average annual earnings growth of 100% is required to achieve expected profit on schedule. Annonce • Feb 15
TPI Composites, Inc. to Report Q4, 2021 Results on Feb 24, 2022 TPI Composites, Inc. announced that they will report Q4, 2021 results After-Market on Feb 24, 2022 Reported Earnings • Nov 09
Third quarter 2021 earnings released: US$0.83 loss per share (vs US$1.19 profit in 3Q 2020) The company reported a soft third quarter result with weaker earnings and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: US$479.6m (up 1.2% from 3Q 2020). Net loss: US$30.7m (down 172% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Reported Earnings • Aug 06
Second quarter 2021 earnings released: US$1.08 loss per share (vs US$1.87 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: US$458.8m (up 23% from 2Q 2020). Net loss: US$39.8m (loss narrowed 40% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Recent Insider Transactions • Jun 05
Independent Director recently sold €512k worth of stock On the 3rd of June, James Hughes sold around 14k shares on-market at roughly €37.57 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €578k more than they bought in the last 12 months. Reported Earnings • May 07
First quarter 2021 earnings released The company reported a soft first quarter result with increased losses and weaker control over costs, although revenues improved. First quarter 2021 results: Revenue: US$404.7m (up 14% from 1Q 2020). Net loss: US$1.80m (loss widened 265% from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 132 percentage points per year, which is a significant difference in performance. Annonce • May 07
TPI Composites, Inc. Provides sales Guidance for the Full Year Ending December 31, 2021 TPI Composites, Inc. provided sales guidance for the full year ending December 31, 2021. For the year, the company expects net sales to be $1.75 billion to $1.85 billion. Reported Earnings • Feb 28
Full year 2020 earnings released: US$0.54 loss per share (vs US$0.45 loss in FY 2019) The company reported a mediocre full year result with increased losses, although control over costs was stable and revenues improved. Full year 2020 results: Revenue: US$1.67b (up 16% from FY 2019). Net loss: US$19.0m (loss widened 21% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 142 percentage points per year, which is a significant difference in performance. Annonce • Feb 05
TPI Composites, Inc. to Report Q4, 2020 Results on Feb 25, 2021 TPI Composites, Inc. announced that they will report Q4, 2020 results After-Market on Feb 25, 2021 Is New 90 Day High Low • Feb 05
New 90-day high: €58.00 The company is up 71% from its price of €34.00 on 06 November 2020. The German market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 42% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €42.74 per share. Is New 90 Day High Low • Jan 06
New 90-day high: €47.20 The company is up 63% from its price of €29.00 on 08 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 30% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €37.48 per share. Is New 90 Day High Low • Dec 18
New 90-day high: €37.40 The company is up 68% from its price of €22.20 on 18 September 2020. The German market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €33.92 per share. Is New 90 Day High Low • Nov 07
New 90-day high: €31.00 The company is up 31% from its price of €23.60 on 07 August 2020. The German market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €21.27 per share. Reported Earnings • Nov 07
Third quarter 2020 earnings released: EPS US$1.19 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: US$474.1m (up 24% from 3Q 2019). Net income: US$42.4m (up US$47.0m from 3Q 2019). Profit margin: 8.9% (up from net loss in 3Q 2019). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 114% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Nov 07
Revenue beats expectations Revenue exceeded analyst estimates by 17%. Over the next year, revenue is forecast to grow 8.2%, compared to a 17% growth forecast for the Electrical industry in Germany. Annonce • Oct 16
TPI Composites, Inc. to Report Q3, 2020 Results on Nov 05, 2020 TPI Composites, Inc. announced that they will report Q3, 2020 results at 5:00 PM, Eastern Standard Time on Nov 05, 2020 Annonce • Oct 06
TPI Composites, Inc. Announces Board Changes On September 8, 2020, TPI Composites, Inc. (the Company) announced that Bavan Holloway has been appointed to its Board of Directors. Ms. Holloway was appointed as a Class II Director on September 8, 2020, to serve for a term expiring at the Company’s 2021 annual meeting of stockholders, or until her successor is elected or qualified or until her earlier resignation or removal. Ms. Holloway also will serve on the Audit Committee of the Board. From August 2010 to April 2020, Ms. Holloway served as Vice President of Corporate Audit for The Boeing Company (Boeing). Ms. Holloway also served in various senior finance roles for Boeing from May 2002 to August 2010. Prior to joining Boeing, Ms. Holloway worked for KPMG, LLP as a partner and in other roles primarily serving investment services, broker dealer and financial clients. The Board has determined that Ms. Holloway will be an independent director for purposes of NASDAQ rules. In addition, Ms. Holloway was not appointed pursuant to any arrangement or understanding with any other person, and there are no transactions between Ms. Holloway and the Company that would require disclosure under Item 404(a) of Regulation S-K. The Company will enter into its standard form of indemnification agreement with Ms. Holloway in connection with her appointment to the Board. Annonce • Aug 09
TPI Composites, Inc. Not Reinstates Financial Guidance for the Fiscal Year 2020 On April 23, 2020, TPI Composites, Inc. announced the withdrawal of its fiscal year 2020 financial guidance first issued on February 27, 2020. At this time, TPI will not be reinstating its fiscal year 2020 financial guidance due to the inability to forecast or quantify with reasonable accuracy the full duration and financial magnitude of the impact of the COVID-19 pandemic. Annonce • Jul 18
TPI Composites, Inc. to Report Q2, 2020 Results on Aug 06, 2020 TPI Composites, Inc. announced that they will report Q2, 2020 results at 5:00 PM, Eastern Standard Time on Aug 06, 2020 
