TPI Composites Inc’s filing revealed that its 10% Owner Dere Construction Taahhut A.S. acquired Company’s shares for reported $0.12 million on Feb 24 ’25. In the deal valued at $1.52 per share,80,000 shares were bought. As a result of this transaction, Dere Construction Taahhut A.S. now holds 4,397,232 shares worth roughly $4.75 million.
Then, Dere Construction Taahhut A.S. bought 66,000 shares, generating $95,040 in total proceeds. Upon buying the shares at $1.44, the 10% Owner now owns 4,295,232 shares.
Before that, Dere Construction Taahhut A.S. bought 49,000 shares. TPI Composites Inc shares valued at $77,910 were divested by the 10% Owner at a price of $1.59 per share. As a result of the transaction, Dere Construction Taahhut A.S. now holds 4,229,232 shares, worth roughly $4.57 million.
Jefferies downgraded its TPI Composites Inc [TPIC] rating to an Underperform from a a Hold in a research note published recently. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in mid December from “an Overweight” to “a Neutral”. Morgan Stanley also remained covering TPIC and has decreased its forecast on November 15, 2024 with a “an Underweight” recommendation from previously “an Equal-weight” rating. Jefferies started covering the stock on October 17, 2024. It rated TPIC as “a Hold”.
Price Performance Review of TPIC
On Friday, TPI Composites Inc [NASDAQ:TPIC] saw its stock fall -13.60% to $1.08. Over the last five days, the stock has lost -16.92%. TPI Composites Inc shares have fallen nearly -42.86% since the year began. Nevertheless, the stocks have fallen -77.36% over the past one year. While a 52-week high of $5.33 was reached on 01/06/25, a 52-week low of $0.64 was recorded on 04/07/25.
Levels Of Support And Resistance For TPIC Stock
The 24-hour chart illustrates a support level at 1.0133, which if violated will result in even more drops to 0.9467. On the upside, there is a resistance level at 1.1933. A further resistance level may holdings at 1.3067.
How much short interest is there in TPI Composites Inc?
A steep rise in short interest was recorded in TPI Composites Inc stocks on 2025-05-30, dropping by -0.4 million shares to a total of 6.97 million shares. Yahoo Finance data shows the prior-month short interest on 2025-04-30 was 7.37 million shares. There was a decline of -5.72%, which implies that there is a negative sentiment for the stock.
