Jefferies Sticks to Its Sell Rating for TPI Composites (TPIC)
In a report released today, Julien Dumoulin Smith from Jefferies maintained a Sell rating on TPI Composites, with a price target of $0.70. The company’s shares opened today at $0.93.
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Dumoulin Smith covers the Utilities sector, focusing on stocks such as Ameren, UGI, and Fluence Energy. According to TipRanks, Dumoulin Smith has an average return of 3.7% and a 54.55% success rate on recommended stocks.
TPI Composites has an analyst consensus of Hold, with a price target consensus of $1.46.
Based on TPI Composites’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $336.16 million and a GAAP net loss of $48.31 million. In comparison, last year the company earned a revenue of $299.06 million and had a GAAP net loss of $61.47 million
Read More on TPIC:
Disclaimer & DisclosureReport an Issue
- Hold Rating for TPI Composites Amid Policy Uncertainty and Financial Challenges
- TPI Composites downgraded to Hold from Buy at TD Cowen
- TPI Composites Approves Retention Bonuses for Executives
- Largest borrow rate increases among liquid names
- TPI Composites Regains Nasdaq Compliance After Stock Price Recovery
