TPI Composites Inc is a leading manufacturer of composite wind blades and structures for the renewable energy sector, specializing in the production of advanced materials used in wind turbine blades
The company focuses on innovative manufacturing processes that enhance efficiency and reduce costs while promoting sustainability. TPI works closely with major wind turbine manufacturers to provide tailored solutions that meet the evolving demands of the renewable energy market. Additionally, TPI is involved in the emergence of electric vehicle markets by producing lightweight composite components that contribute to performance and energy efficiency. Through its commitment to quality and innovation, TPI Composites plays a crucial role in the transition towards cleaner energy sources.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how renewable energy stocks fared in Q3, starting with NuScale (NYSESMR).
U.S. election results and inflation concerns pressure renewable energy stocks. Morgan Stanley downgrades key clean tech players while backing GE Vernova and First Solar.
Global wind blade manufacturer TPI Composites (NASDAQTPIC) reported Q3 CY2024 results topping the market’s revenue expectations, with sales up 2.1% year on year to $380.8 million. The company expects the full year’s revenue to be around $1.35 billion, close to analysts’ estimates. Its GAAP loss of $0.81 per share was 464% below analysts’ consensus estimates.
