TPI Composites sees $4,117 in stock sales by Dere Construction

In recent transactions disclosed by TPI Composites, Inc. (NASDAQ:TPIC), a wind blade manufacturer with a market capitalization of $62 million, Dere Construction Taahhut A.S., a significant shareholder, sold common stock valued at $4,117. The shares were sold at $2.06 each on December 23, 2024. This sale is part of a series of transactions by Dere Construction, which also included substantial purchases. According to InvestingPro, the stock currently trades at $1.32, near its 52-week low of $1.10.

Over the past months, Dere Construction has been active in acquiring shares of TPI Composites. The purchases, totaling $12,891,120, were made at prices ranging from $1.18 to $4.96 per share. These transactions reflect an ongoing engagement with TPI Composites' stock, with Dere Construction maintaining a prominent position as a ten percent owner. The stock has experienced significant volatility, with a 65% decline over the past six months.

Additionally, the filings reveal internal transactions involving Dere Construction's Chairman, Zeki Bora Turan, and Commercial Manager, Emre Birhekimoglu, indicating a dynamic of internal share transfers. These movements suggest strategic positioning within the company's shareholder structure.

Investors may find these developments noteworthy as they assess the implications of these transactions on TPI Composites' market activities and shareholder dynamics.

In other recent news, wind energy companies GE Vernova, TPI Composites, and American Superconductor (NASDAQ:AMSC) Group saw their shares decline following comments from President-elect Donald Trump suggesting opposition to new windmill construction in the U.S. This has raised concerns over potential policy shifts that could affect the renewable energy sector. In response to decreased demand for wind blades in Europe, TPI Composites has announced a 20% workforce reduction at its Turkish manufacturing facilities due to the hyperinflationary environment impacting exports.

Meanwhile, financial firms have revised their outlooks on TPI Composites. Stifel analysts maintained a Hold rating on the stock, citing ongoing uncertainty in Turkey but also noting strong utilization rates and positive medium-term fundamentals. JPMorgan downgraded the company from Overweight to Neutral, citing concerns over U.S. onshore wind incentives, tariff structures, and competition from Chinese manufacturers. The firm also reduced its FY26 EBITDA margin expansion estimates for TPI Composites and withdrew its year-end 2025 price target.

Lastly, Jefferies revised its price target for TPI Composites to $2.30, down from $4.30, while maintaining a Hold rating. The firm has adjusted its EBITDA forecasts for 2025 and 2026 downward by 32% and 27%, respectively, to account for increased macroeconomic uncertainty. These recent developments underscore the volatility and potential challenges facing the wind energy sector.

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