TPI Composites, Inc. (TPIC) Stock Analysis
DELISTED 2025
What happened to TPI Composites, Inc. (TPIC) stock?
TPI Composites, Inc. (TPIC) no longer trades on public markets. It was delisted in August 2025. The figures below are historical and are not a current quote.
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
TPI Composites, Inc. (TPIC) trades at $0.1271. TPI Composites, Inc. manufactures and sells composite wind blades and related precision molding and assembly systems to original equipment manufacturers (OEMs). Market cap: $6.19M, Sector: Industrials.
Last analyzed: May 9, 2026Analyst Coverage for TPIC: TPIC does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates TPIC against Industrials peers across nine fundamental dimensions and assigns a neutral fundamental signal based on the underlying data.
TPIC: 2/2 scored disciplines lean bearish. Dominant signal: Seth Klarman bearish.
How is this calculated? →TPI Composites, Inc. (TPIC) Industrial Operations Profile
TPI Composites, Inc. (TPIC) is a manufacturer of composite wind blades and related systems, serving original equipment manufacturers (OEMs) globally. Operating across the United States, Asia, Mexico, and Europe, the company also provides composite solutions for the transportation industry, positioning it within the broader industrial machinery sector.
What Is the Investment Thesis for TPIC?
TPI Composites, Inc. operates in the renewable energy sector, specifically manufacturing composite wind blades. The company's financial performance, indicated by a negative profit margin of -32.4% and a gross margin of -11.0%, raises concerns about its profitability. However, the increasing global demand for renewable energy sources could serve as a growth catalyst. Investors should closely monitor the company's ability to improve its margins and secure long-term contracts with OEMs. The high beta of 1.98 suggests significant volatility compared to the broader market. Key value drivers include expanding production capacity, reducing manufacturing costs, and diversifying into other composite material applications.
Based on FMP financials and quantitative analysis
TPIC Key Highlights
Market capitalization of $6.19M indicates a small-cap company.
- Negative profit margin of -32.4% reflects challenges in achieving profitability.
- Gross margin of -11.0% suggests high production costs relative to revenue.
- Beta of 1.98 indicates higher volatility compared to the market average.
- No dividend payout reflects a focus on reinvesting earnings for growth.
Who Are TPIC's Competitors?
TPIC is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| GE GE Aerospace | $356.23 | -5.03% | $370B | 60 |
| NXHSF Next Hydrogen Solutions Inc. | $0.32 | +0.00% | $8.01M | 59 |
| XCH XCHG Limited American Depositary Share | $0.23 | +0.00% | $12.5M | 56 |
| GTEC Greenland Technologies Holding Corporation | $0.96 | +8.13% | $25.5M | 82 |
| DYFSF dynaCERT Inc. | $0.08 | +0.00% | $40.7M | 59 |
| CHHGF Chen Hsong Holdings Limited | $0.23 | +0.00% | $146M | 55 |
| AMROF Amaero International Ltd | $0.23 | +11.90% | $149M | 56 |
| TAYD Taylor Devices, Inc. | $55.79 | -3.31% | $180M | 60 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are TPIC's Key Strengths?
Global manufacturing footprint.
- Established relationships with OEMs.
- Expertise in composite materials.
- Comprehensive service offerings.
What Are TPIC's Weaknesses?
Negative profit margin.
- High production costs.
- Dependence on the wind energy market.
- High beta indicating volatility.
What Could Drive TPIC Stock Higher?
Increasing global demand for renewable energy.
- Government incentives and policies supporting wind energy development.
- Potential new contracts with wind turbine OEMs.
- Expansion of manufacturing facilities in emerging markets.
What Are the Key Risks for TPIC?
Financial-distress signal — its Altman Z-Score of -3.58 sits in the distress zone (elevated bankruptcy risk).
- Weak fundamentals — a Piotroski F-Score of 2/9 flags soft profitability, leverage or efficiency.
- Fluctuations in raw material prices.
- Supply chain disruptions.
- Intense competition in the wind energy market.
- Changes in government regulations and incentives.
- Economic downturn affecting demand for wind energy.
What Are the Growth Opportunities for TPIC?
- Expansion of Wind Blade Manufacturing Capacity: The increasing global demand for wind energy necessitates the expansion of wind blade manufacturing capacity. TPI Composites can capitalize on this trend by investing in new production facilities and technologies. The global wind power market is projected to reach $128.3 billion by 2027, creating a significant opportunity for TPI Composites to increase its market share. Timeline: Ongoing.
- Diversification into Other Composite Material Applications: TPI Composites can leverage its expertise in composite materials to diversify into other industries, such as aerospace, automotive, and construction. The market for composite materials is expected to grow significantly in the coming years, driven by the demand for lightweight and durable materials. This diversification strategy can reduce the company's reliance on the wind energy market and create new revenue streams. Timeline: 2-3 years.
- Development of Advanced Wind Blade Technologies: Investing in research and development to develop advanced wind blade technologies can provide TPI Composites with a competitive advantage. This includes developing longer, lighter, and more efficient blades that can capture more wind energy. The development of advanced technologies can also lead to higher profit margins and increased market share. Timeline: 3-5 years.
- Strategic Partnerships with Wind Turbine OEMs: Forming strategic partnerships with wind turbine OEMs can provide TPI Composites with access to new markets and technologies. These partnerships can also lead to long-term contracts and increased production volumes. Collaborating with OEMs can also facilitate the development of customized wind blade solutions that meet specific customer needs. Timeline: Ongoing.
- Expansion into Emerging Markets: Expanding into emerging markets, such as India and Southeast Asia, can provide TPI Composites with significant growth opportunities. These markets are experiencing rapid growth in wind energy capacity, driven by government policies and increasing energy demand. Establishing a presence in these markets can position TPI Composites for long-term success. Timeline: 1-2 years.
What Are TPIC's Competitive Advantages?
- Proprietary composite material technologies.
- Established relationships with wind turbine OEMs.
- Global manufacturing footprint.
- Expertise in wind blade design and manufacturing.
What Does TPIC Do?
Founded in 1968 and headquartered in Scottsdale, Arizona, TPI Composites, Inc. has evolved into a key player in the wind energy and transportation sectors. Originally known as LCSI Holding, Inc., the company rebranded as TPI Composites, Inc. in 2008, marking a strategic shift towards composite solutions. TPI Composites manufactures and sells composite wind blades, offering precision molding and assembly systems to original equipment manufacturers (OEMs). These blades are essential components in wind turbines, converting wind energy into electricity. Beyond wind energy, TPI Composites provides composite solutions for the transportation industry, leveraging its expertise in advanced materials to create lightweight and durable components. The company also offers field service inspection and repair services to OEM customers and wind farm owners and operators, ensuring the longevity and efficiency of their wind turbine assets. With operations spanning the United States, Asia, Mexico, Europe, the Middle East, Africa, and India, TPI Composites maintains a global presence, serving a diverse range of customers in the renewable energy and transportation markets.
What Products and Services Does TPIC Offer?
- Manufactures composite wind blades for wind turbines.
- Provides precision molding and assembly systems to OEMs.
- Offers composite solutions for the transportation industry.
- Provides field service inspection and repair services.
- Serves OEM customers and wind farm owners and operators.
- Operates in the United States, Asia, Mexico, Europe, the Middle East, Africa, and India.
How Does TPIC Make Money?
- Manufacturing and selling composite wind blades to OEMs.
- Providing precision molding and assembly systems.
- Offering field service inspection and repair services.
- Generating revenue through long-term contracts and project-based sales.
What Industry Does TPIC Operate In?
TPI Composites operates within the industrial machinery sector, specifically catering to the wind energy market. The industry is characterized by increasing demand for renewable energy sources, driven by government incentives and growing environmental concerns. Competition is intense, with several manufacturers vying for contracts with wind turbine OEMs. TPI Composites' ability to secure long-term contracts and maintain cost competitiveness is crucial for its success. The global wind energy market is projected to continue growing, presenting opportunities for companies like TPI Composites to expand their market share. However, fluctuations in raw material prices and supply chain disruptions pose challenges to profitability.
Who Are TPIC's Key Customers?
- Original equipment manufacturers (OEMs) of wind turbines.
- Wind farm owners and operators.
- Companies in the transportation industry.
Forward Outlook
Wall Street analysts project TPI Composites, Inc. revenue of about $1.42B for fiscal 2026, with EPS near $-2.47.
Financial Health
TPI Composites, Inc.'s Piotroski F-Score is 2/9, a 9-point checklist of profitability, leverage and efficiency — flagging fundamental weakness worth scrutiny. Its Altman Z-Score of -3.58 places it in the distress zone, a signal of elevated financial risk.
Key Financial Metrics
Return on equity for TPI Composites, Inc. stands at 89.3%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is -99.5%, showing how much profit it generates from its asset base. A current ratio of 0.24 means current liabilities exceed short-term assets, a liquidity point worth watching.
TPI Composites, Inc. (TPIC) Valuation Context
Valued at $6.19M, TPIC is classified as a micro-cap stock.
Company Profile
TPI Composites, Inc. operates in the Industrial - Machinery industry within the Industrials sector. It is headquartered in Scottsdale, US. The company is led by CEO William E. Siwek CPA. TPIC has traded publicly since 2016.
TPIC Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- TPI Composites has recently secured new contracts, indicating strong demand for their wind turbine components.
- Insider buying activity has been noted, suggesting that executives have confidence in the company's future performance.
- Community sentiment has turned positive as discussions around renewable energy gain traction, boosting interest in TPI's offerings.
- Recent advancements in production efficiency have been highlighted, potentially enhancing profit margins and operational stability.
Bear Case
- Concerns over supply chain disruptions have resurfaced, which could impact TPI's ability to meet growing demand.
- Increased competition in the renewable energy sector may pressure TPI's market share and pricing power.
- Negative sentiment from some investors reflects worries about the company's ability to scale operations effectively amidst rising costs.
- Market volatility around renewable energy policies could lead to uncertainty, affecting investor confidence in TPI's long-term outlook.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
TPIC Latest News
No recent news available for TPIC.
Leadership: William E. Siwek CPA
CEO
William E. Siwek is the Chief Executive Officer of TPI Composites, Inc. He is a Certified Public Accountant (CPA) and brings extensive experience in financial management and corporate leadership. His background includes various leadership roles in manufacturing and technology companies. Siwek's expertise spans financial planning, strategic development, and operational efficiency. He is responsible for overseeing the company's global operations and driving its growth strategy in the renewable energy and transportation sectors.
Track Record: Under William E. Siwek's leadership, TPI Composites has focused on expanding its global manufacturing footprint and strengthening its relationships with key OEMs. He has overseen efforts to improve operational efficiency and reduce manufacturing costs. Key milestones include navigating supply chain challenges and adapting to changing market dynamics in the wind energy sector. Siwek's strategic decisions have aimed to position TPI Composites for long-term growth and profitability.
Common Questions About TPIC (Industrials)
What happened to TPI Composites, Inc. (TPIC) stock?
TPI Composites, Inc. (TPIC) no longer trades on public markets. It was delisted in August 2025. The figures below are historical and are not a current quote.
Can I still buy TPIC shares?
No. TPIC stopped trading on public markets in August 2025, so the shares are not available through a broker. Anything you see quoted for TPIC elsewhere is historical data, not a live market.
Are the figures on this page current?
No. Every number here is the last value recorded before TPIC stopped trading. Nothing on this page updates, and none of it is a current quote.
Why does this page still exist?
Because people still search for what happened to TPI Composites, Inc.. An archived profile that states the delisting plainly is more useful than a dead link — provided it is labelled as history, which is what this page does.
What does TPI Composites, Inc. do?
TPI Composites, Inc. is a global manufacturer of composite wind blades and related precision molding and assembly systems, serving original equipment manufacturers (OEMs) in the wind energy sector. The company also provides composite solutions for the transportation industry and offers field service inspection and repair services to wind farm owners and operators.
What do analysts say about TPIC stock?
Analyst coverage of TPIC stock is limited, reflecting its small-cap status and recent financial performance. Key valuation metrics, such as price-to-earnings ratio, are not applicable due to the company's negative earnings. Growth considerations focus on the company's ability to improve its profit margins and secure long-term contracts with wind turbine OEMs.
What are the main risks for TPIC?
TPI Composites faces several risks, including fluctuations in raw material prices, supply chain disruptions, and intense competition in the wind energy market. The company's negative profit margin and high production costs pose significant challenges to its financial performance. Changes in government regulations and incentives for renewable energy could also impact the demand for wind blades.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Financial data is based on the most recent available information.
- Market projections are subject to change.
- This is not investment advice.