BofA raised the firm’s price target on TPI Composites to $6 from $5 and keeps a Buy rating on the shares. The firm continues to see 2024 as a year of transition for TPI, given the start-up of six new lines and four lines transitioning this year, and looks through 2024 and expects 2025 to serve as a launch point for long-term guidance, the analyst tells investors in an earnings preview for the Clean Energy and Sustainability group.
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Read More on TPIC:
- TPI Composites price target raised to $9 from $8 at JPMorgan
- TPI Composites Divests Automotive Subsidiary Amidst Leadership Changes
- TPI Composites Announces Agreement to Divest Automotive Business Unit as a Part of Continued Focus on Wind
- TPI Composites to divest automotive business to Clear Creek Investments
- TPI Composites participates in a conference call with JPMorgan
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