TPI Composites (TPICQ) AI Stock Analysis

• Market Cap: $1.47M
• Dividend Yield: N/A
• Average Volume (3M): 471.39K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.18
• Revenue Growth: -7.25%
• EPS Growth: -67.67%
• Country: US
• Employees: 11,700
• Sector: Industrials
• Sector Strength: 72
• Industry: Industrial - Machinery
• EPS (TTM): -2.84
• Shares Outstanding: 48,730,267
• 10 Day Avg. Volume: 397,948
• 30 Day Avg. Volume: 471,387
• PEG Ratio: -0.02
• Price to Book (P/B): -0.24
• Price to Sales (P/S): 0.07
• P/FCF Ratio: -6.55
• Enterprise Value/Market Cap: 448.15
• Enterprise Value/Revenue: 0.55
• Enterprise Value/Gross Profit: -7.06
• Enterprise Value/Ebitda: -4.32
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 38 Underperform
• Price Target: $0.02 ▲(5.00% Upside)

TPI Composites is currently facing severe financial and operational challenges, reflected in its poor financial performance and technical indicators. The negative P/E ratio and lack of dividend yield further underscore the stock's unattractiveness. The company's strategic restructuring efforts are crucial for future improvement, but current conditions suggest significant risks.

Positive Factors

Long-term Contracts

Long-term contracts with key OEMs provide stable revenue streams, enhancing financial predictability and reducing market volatility exposure.

Strategic Partnerships

Partnerships and joint ventures can strengthen market position and profitability by leveraging shared resources and expertise in the wind energy sector.

Renewable Energy Focus

Focus on renewable energy positions TPI Composites well within a growing industry, benefiting from global shifts towards sustainable energy solutions.

Negative Factors

Declining Revenue

Declining revenue growth indicates challenges in market demand or competitive positioning, potentially impacting long-term financial health.

Negative Profit Margins

Negative profit margins reflect operational inefficiencies and cost management issues, which can undermine long-term profitability and sustainability.

High Leverage

High leverage and negative equity indicate potential solvency issues, limiting financial flexibility and increasing risk during economic downturns.

TPI Composites Business Overview & Revenue Model

Company Description

TPI Composites, Inc. manufactures and sells composite wind blades, and related precision molding and assembly systems to original equipment manufacturers (OEMs). The company also provides composite solutions for the transportation industry; and field service inspection and repair services to OEM customers and wind farm owners and operators. It operates in the United States, Asia, Mexico, Europe, the Middle East, Africa, and India. The company was formerly known as LCSI Holding, Inc. and changed its name to TPI Composites, Inc. in 2008. TPI Composites, Inc. was founded in 1968 and is headquartered in Scottsdale, Arizona.

How the Company Makes Money

TPI Composites generates revenue primarily through the sale of wind blades to major original equipment manufacturers (OEMs) in the wind energy sector. The company has established long-term contracts with key players in the industry, allowing for stable revenue streams. Additionally, TPI benefits from its manufacturing capabilities, which include advanced composite materials and production techniques, enabling cost-effective blade production. The company may also explore opportunities in the growing offshore wind market, further diversifying its revenue sources. Strategic partnerships with turbine manufacturers and involvement in joint ventures can enhance its market position and profitability.

TPI Composites Financial Statement Overview

Summary

TPI Composites is facing significant financial challenges with declining revenues, negative profitability margins, and a highly leveraged balance sheet. The cash flow situation is also weak, with negative free cash flow and low cash generation relative to net income. These factors suggest a need for strategic restructuring to improve financial health.

Income Statement

TPI Composites has been experiencing declining revenue with a negative revenue growth rate of -10.92% in the TTM period. The company has negative margins across the board, with a gross profit margin of -3.27% and a net profit margin of -15.28%, indicating significant challenges in profitability. The EBIT and EBITDA margins are also negative, reflecting operational inefficiencies.

Balance Sheet

The balance sheet shows a concerning financial structure with a negative stockholders' equity, leading to a negative debt-to-equity ratio of -1.51. This indicates high leverage and potential solvency issues. The return on equity is positive at 51.13%, but this is due to the negative equity, which is not a sustainable situation.

Cash Flow

Cash flow analysis reveals a negative operating cash flow and free cash flow, with a significant decline in free cash flow growth at -197.94% in the TTM period. The operating cash flow to net income ratio is low at 0.07, indicating weak cash generation relative to net losses.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.19B	1.33B	1.46B	1.52B	1.73B	1.67B
Gross Profit	-93.16M	-53.00M	-87.55M	14.64M	-31.58M	64.10M
EBITDA	-152.22M	-74.67M	-127.91M	24.57M	-59.83M	-55.00K
Net Income	-292.78M	-240.71M	-201.78M	-55.55M	-159.55M	-19.03M
Balance Sheet
Total Assets	380.87M	692.46M	804.08M	962.18M	1.01B	956.26M
Cash, Cash Equivalents and Short-Term Investments	29.50M	196.52M	161.66M	133.55M	242.16M	129.86M
Total Debt	484.62M	742.25M	624.34M	216.76M	243.81M	398.89M
Total Liabilities	646.05M	1.07B	926.38M	911.69M	756.73M	755.22M
Stockholders Equity	-265.18M	-373.24M	-122.30M	50.49M	250.97M	201.03M
Cash Flow
Free Cash Flow	-44.88M	-13.70M	-117.11M	-81.10M	-62.64M	-28.10M
Operating Cash Flow	-27.49M	12.50M	-80.97M	-62.27M	-25.52M	37.57M
Investing Cash Flow	-18.71M	-26.20M	-23.30M	-18.83M	-37.12M	-65.67M
Financing Cash Flow	-51.30M	50.96M	121.99M	-14.60M	198.92M	88.61M

TPI Composites Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.02
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TPICQ, the sentiment is Negative. The current price of 0.02 is below the 20-day moving average (MA) of 0.03, below the 50-day MA of 0.03, and below the 200-day MA of 0.61, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 34.11 is Neutral, neither overbought nor oversold. The STOCH value of -26.89 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TPICQ.

TPI Composites Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BWEN	65 Neutral	$50.46M	―	8.20%	―	-1.47%	52.65%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
GTEC	63 Neutral	$19.05M	1.82	21.29%	―	-1.36%	―
JCSE	50 Neutral	$6.36M	-5.94	―	7.53%	-23.37%	-264.09%
CVV	47 Neutral	$22.96M	―	-0.73%	―	19.84%	95.71%
CETY	41 Neutral	$6.22M	―	-82.18%	―	-57.40%	52.85%
TPICQ	38 Underperform	$1.47M	>-0.01	―	―	-7.25%	-67.67%

TPI Composites Corporate Events

TPI Composites Faces Financial Challenges Amid Restructuring

TPI Composites, Inc., a leading manufacturer in the wind energy sector, specializes in producing composite wind blades and related products. The company recently released its earnings report for the third quarter of 2025, highlighting significant financial challenges. TPI Composites reported a net loss of $128.2 million for the quarter, a substantial increase from the previous year’s loss of $40.1 million. The company’s revenue for the quarter was $234.4 million, down from $259.2 million in the same period last year. The report also revealed that TPI Composites is undergoing bankruptcy proceedings, having filed for Chapter 11 in August 2025. This move aims to facilitate a financial and operational restructuring of the company’s business and balance sheet. The company has secured debtor-in-possession financing to support its operations during this period. Looking ahead, TPI Composites is focused on navigating its restructuring process and exploring strategic options to stabilize its financial position and continue its operations in the renewable energy market.

TPI Composites Board Member James Hughes Resigns

On November 3, 2025, James A. Hughes resigned from TPI Composites‘ board of directors. His resignation was not due to any disagreements with the company’s operations, policies, or practices.

The most recent analyst rating on (TPICQ) stock is a Sell with a $0.50 price target. To see the full list of analyst forecasts on TPI Composites stock, see the TPICQ Stock Forecast page.

TPI Composites Sells Turkish Subsidiaries to XCS Composites

On September 10, 2025, TPI Composites completed the sale of its ownership interests in two subsidiaries in Türkiye, which included wind blade manufacturing facilities and a field service business, to XCS Composites L.L.C-FZ. This transaction, which was approved by the U.S. Bankruptcy Court, involved the transfer of assets, operations, and liabilities, significantly impacting TPI’s EMEA segment and affecting approximately 2,700 employees.

The most recent analyst rating on (TPICQ) stock is a Sell with a $0.50 price target. To see the full list of analyst forecasts on TPI Composites stock, see the TPICQ Stock Forecast page.

TPI Composites Sells Turkish Subsidiaries Amid Bankruptcy

On September 4, 2025, TPI Composites, Inc. entered into an agreement to sell its entire ownership interest in two Turkish subsidiaries to XCS Composites L.L.C-FZ. The transaction involves the purchaser assuming all liabilities and debts of the subsidiaries, excluding certain claims and intercompany agreements. The sale is contingent upon several conditions, including court approval related to TPI’s Chapter 11 bankruptcy proceedings, and is expected to close by September 19, 2025.

The most recent analyst rating on (TPICQ) stock is a Sell with a $0.50 price target. To see the full list of analyst forecasts on TPI Composites stock, see the TPICQ Stock Forecast page.