TD Cowen lowered the firm’s price target on TPI Composites (TPIC) to $5 from $6 and keeps a Buy rating on the shares. The firm noted the company forecasts profitability recovery and EBITDA improvement in 2025 rebounding from non-recurring 2024 challenges. Uncertainties for 2025 stem from potential tariffs on Mexico and continued competitive pressure in Europe from Chinese imports.
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Read More on TPIC:
- TPI Composites Reports 2024 Earnings and Optimistic 2025 Outlook
- TPI Composites sees FY25 revenue $1.4B – $1.5B , consensus $1.59B
- TPI Composites reports Q4 EPS ($1.01), consensus (34c)
- Is TPIC a Buy, Before Earnings?
- TPI Composites: Strategic U.S. Expansion and Operational Efficiency Justify Buy Rating Despite European Challenges