Piper Sandler lowered the firm’s price target on TPI Composites to $3 from $4 and keeps a Neutral rating on the shares. TPI delivered weaker than expected 2024 revenue guidance of $1.35B, missing Street expectations, the analyst tells investors in a research note. The firm does not expect TPI to need further external capital moving forward.
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Read More on TPIC:
- TPI Composites, Inc. Announces Fourth Quarter and Full Year 2023 Earnings Results; Enhanced Liquidity Position and Projects Improved Profitability for the Second Half of 2024
- TPIC Earnings this Week: How Will it Perform?
- TPI Composites, Inc. Announces Fourth Quarter and Full Year 2023 Earnings Release Date and Conference Call
- TPI Composites price target lowered to $4 from $13 at Stifel
- TPI Composites files to sell 4.6M shares of common stock for holders
