JPMorgan downgraded TPI Composites (TPIC) to Neutral from Overweight without a price target Although JPMorgan continues to expect a “significant ramp” in TPI’s EBITDA during fiscal 2025 as factory utilization increases, uncertainty regarding U.S. onshore wind incentives, U.S. and Mexico tariff structures, and increasing competition in Europe from Chinese peers will likely keep the stock range-bound until visibility improves, the analyst tells investors in a research note.
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Read More on TPIC:
- Morgan Stanley cuts TPI Composites to Underweight on prolonged recovery
- TPI Composites downgraded to Underweight from Equal Weight at Morgan Stanley
- TPI Composites Reports Improved Profitability in Q3 2024
- TPI Composites reports Q3 EPS (84c), consensus (15c)
- TPI Composites Appoints Jennifer Lowry to Board
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
