TPI Composites Inc at JPMorgan Energy Conference Transcript
Welcome. Thank you all for coming. My name is Mark Strouse. I cover alternative energy here at JPMorgan along with Paul Coster. We are very happy to have Steve Lockard, the CEO of TPI Composites. TPIC, this is an overweight rating for us and a focus list pick. We have a $34 price target. And with that, Steve, do you want to start us off?
Okay. Thank you. So the history of TPI is as a boatbuilder out of Providence, Rhode Island, we turned a boatbuilder into one of the largest wind blade manufacturing companies. We're operating 10 wind blade facilities around the world, about 11,000 employees, over $1 billion in revenue last year. We've been in a very aggressive growth clip over the last number of years in the wind energy space. We're also developing some transportation-related products for the electrification of our vehicle fleet. In the wind space, we've been able to
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