TPI Composites, Inc. (TPIC) Social Stream

Featured Post From StockTwits About TPIC

$TPIC After announcing selected preliminary results two weeks ago, TPIC announced yesterday consistent 2Q results and provided some useful color on various dynamics. TPIC announced 2Q Adjt. EBITDA of $17.4mm (pre-announced: $17.4mn / cons: $17mn / MS: $16mn) and net sales of $459mn (pre-announced: $459mn / cons & MS: $458mn). 2Q manufactured sets increased +7% YoY to 843 and MW manufactured increased +24% YoY to 3,303 MW, a reflection of longer and thus potent blades being added to the mix. Sequentially, manufactured sets and MWs increased +4% and +8%, respectively. ASPs continue to increase, this time +12% YoY. We expand on the various takeaways below but overall note that, despite the industry wide challenges, at the current stock price of ~$40/share we continue to see a very attractive entry point to a 100% ESG play that has exposure to the wind and clean transportation secular markets. We remain Overweight the stock.

PT - 59/60