Analyst Price Target is $18.45
▲ +33.15% Upside Potential
This price target is based on 7 analysts offering 12 month price targets for TPI Composites in the last 3 months. The average price target is $18.45, with a high forecast of $24.00 and a low forecast of $16.00. The average price target represents a 33.15% upside from the last price of $13.86.
Current Consensus is
The current consensus among 7 polled investment analysts is to buy stock in TPI Composites. This rating has held steady since August 2022, when it changed from a Hold consensus rating.
TPI Composites, Inc. is a holding company, which engages in the manufacturing of composite wind blades for the wind energy market. It operates through the following segments: United States (US), Asia, Mexico, Europe, the Middle East & Africa (EMEA), and India. The US segment includes the production of wind blades in its Newton, Iowa plant, the manufacturing of precision molding and assembly systems used for the production of wind blades in its Warren, Rhode Island facility, and composite solutions for the transportation industry. The Asia segment produces wind blades in its Taicang Port, Dafeng, and Yangzhou, China facilities. The Mexico segment focuses on its operation of wind blades in Juárez and Matamoros, Mexico. The EMEA segment offers wind blades from two facilities in Izmir, Turkey, and performs wind blade inspection and repair services. The India segment relates to wind blade sales and other sales operation in India. The company was founded by Everett Pearson and Neil Tillotson in 1968 and is headquartered in Scottsdale, AZ.