TPI Composites (TPICQ) AI Stock Analysis

• Market Cap: $1.88M
• Dividend Yield: N/A
• Average Volume (3M): 30.97M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.36
• Revenue Growth: 4.77%
• EPS Growth: 7.98%
• Country: US
• Employees: 11,700
• Sector: Industrials
• Sector Strength: 71
• Industry: Industrial - Machinery
• EPS (TTM): -1.40
• Shares Outstanding: 48,730,267
• 10 Day Avg. Volume: 926,566
• 30 Day Avg. Volume: 30,973,099
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 350.38
• Enterprise Value/Revenue: 0.49
• Enterprise Value/Gross Profit: -14.99
• Enterprise Value/Ebitda: -8.43
• 1Y Price Target: $0.70
• Price Target Upside: 2233.33% Upside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 3

• Rating: 38 Underperform
• Price Target: $0.00 ▼(-100.00% Downside)

TPI Composites' overall stock score is low due to significant financial challenges, bearish technical indicators, unattractive valuation, and negative corporate events. The company's financial instability, coupled with weak market momentum and strategic uncertainties, contribute to a cautious outlook.

Positive Factors

Market Position

TPI's strong market position in the renewable energy sector, particularly in wind energy, provides a durable competitive advantage as demand for clean energy solutions grows.

Revenue Model

Long-term contracts with major industry players ensure steady demand and revenue stability, supporting TPI's financial performance over time.

Cash Flow Improvement

Improving free cash flow indicates better cash generation ability, enhancing financial flexibility and supporting potential strategic investments.

Negative Factors

Financial Leverage

High financial leverage and negative equity raise concerns about solvency and financial stability, potentially limiting growth opportunities.

Profitability Challenges

Ongoing profitability challenges reflect operational inefficiencies, which may hinder the company's ability to invest in growth and innovation.

Subsidiary Sale Amid Bankruptcy

The sale of subsidiaries during bankruptcy highlights financial distress and operational challenges, indicating significant restructuring and associated risks.

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 composite wind blades and components to wind turbine manufacturers. The company's revenue model is largely based on long-term contracts with major players in the wind energy industry, which ensures a steady demand for its products. Key revenue streams include the production of large-scale wind turbine blades, which are sold to turbine OEMs (original equipment manufacturers) and developers of renewable energy projects. Additionally, TPI may derive income from services related to the design and engineering of composite solutions, as well as potential partnerships with energy companies focused on expanding their renewable energy portfolios. The company's financial performance is significantly influenced by trends in the renewable energy market, governmental policies supporting clean energy, and advancements in composite manufacturing technologies.

TPI Composites Financial Statement Overview

Summary

TPI Composites is facing significant financial challenges, including declining revenues, negative profitability margins, and high leverage. Despite some improvement in cash flow, the overall financial health remains weak, necessitating strategic changes for stability.

Income Statement

TPI Composites has faced declining revenues over the past few years, with a negative revenue growth rate of -2.45% in the TTM. The company is struggling with profitability, as indicated by negative gross profit and net profit margins. The EBIT and EBITDA margins are also negative, reflecting operational inefficiencies and challenges in cost management.

Balance Sheet

The balance sheet shows significant financial leverage, with a negative debt-to-equity ratio due to negative stockholders' equity. The return on equity is positive, but this is misleading due to the negative equity base. The equity ratio is also concerning, indicating potential solvency issues.

Cash Flow

While the operating cash flow is positive in the TTM, the free cash flow has shown improvement with a growth rate of 44.56%. However, the ratios of operating and free cash flow to net income are low, suggesting limited cash generation relative to net losses.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.34B	1.33B	1.46B	1.52B	1.73B	1.67B
Gross Profit	-43.86M	-53.00M	-87.55M	14.64M	-31.58M	64.10M
EBITDA	-78.02M	-74.67M	-127.91M	24.57M	-59.83M	-55.00K
Net Income	-204.69M	-240.71M	-201.78M	-55.55M	-159.55M	-19.03M
Balance Sheet
Total Assets	591.71M	692.46M	804.08M	962.18M	1.01B	956.26M
Cash, Cash Equivalents and Short-Term Investments	106.42M	196.52M	161.66M	133.55M	242.16M	129.86M
Total Debt	731.73M	742.25M	624.34M	216.76M	243.81M	398.89M
Total Liabilities	1.08B	1.07B	926.38M	911.69M	756.73M	755.22M
Stockholders Equity	-485.44M	-373.24M	-122.30M	50.49M	250.97M	201.03M
Cash Flow
Free Cash Flow	45.83M	-13.70M	-117.11M	-81.10M	-62.64M	-28.10M
Operating Cash Flow	66.84M	12.50M	-80.97M	-62.27M	-25.52M	37.57M
Investing Cash Flow	-21.01M	-26.20M	-23.30M	-18.83M	-37.12M	-65.67M
Financing Cash Flow	-34.62M	50.96M	121.99M	-14.60M	198.92M	88.61M

TPI Composites Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.03
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Positive
• STOCH: Neutral

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 0.03 is below the 20-day moving average (MA) of 0.07, below the 50-day MA of 0.50, and below the 200-day MA of 1.07, indicating a bearish trend. The MACD of -0.14 indicates Negative momentum. The RSI at 23.72 is Positive, neither overbought nor oversold. The STOCH value of 30.00 is Neutral, 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
Sector *	63 Neutral	$10.70B	15.26	7.37%	2.02%	2.87%	-14.59%
BW	52 Neutral	$265.89M	―	29.28%	―	-33.75%	6.01%
CETY	49 Neutral	$16.49M	―	-58.13%	―	-80.89%	50.92%
LASE	49 Neutral	$31.41M	―	-61.47%	―	123.75%	66.85%
BWEN	47 Neutral	$50.00M	30.96	-3.73%	―	-18.38%	-128.11%
CVV	44 Neutral	$21.06M	―	-1.47%	―	34.35%	93.12%
TPICQ	38 Underperform	$1.88M	―		―	4.77%	7.98%

TPI Composites Corporate Events

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.