Private company

TPI COMPOSITES, INC

TPI COMPOSITES, INC is an engines and turbines company based in Scottsdale.1

Last updated Oct 20, 2026.

Overview

  • IndustryEngines & Turbines1
  • HeadquartersScottsdale, Arizona1
  • Business address8501 N Scottsdale Road, Gainey Center Ii, Suite 100, Scottsdale, Az 852532
  • Filer categoryNon-accelerated filer, Smaller reporting company2

See how the biggest companies compare on our leaderboards

TPI Composites, Inc. is the holding company that conducts substantially all of its business operations through its direct and indirect subsidiaries (collectively, the Company, TPI or we). The Company was founded in 1968 and has been producing composite wind blades since 2001. The Company is incorporated in the State of Delaware.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-12.0%Gross margin5
-19.5%Operating margin5
-37.1%Net margin5
3.2%Revenue growth, 20255
-$140.9MFree cash flow5

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue100¢$1.0B
  • Income tax0¢$3.7M

Out of $918.5M in revenue.5 The company lost money this year.

Financial statements

Revenue6785$918.5M in 2025−36% since 2019
0$500.0M$1.0B$1.5B2019: $1.4B$1.4B20192020: $1.1B$1.1B2020−20%2021: $1.5B$1.5B2021+29%2022: $918.5M$918.5M2022−38%2023: $863.9M$863.9M2023−6%2024: $890.0M$890.0M2024+3%2025: $918.5M$918.5M2025+3%
Gross profit67895-$110.6M in 2025
-$150.0M-$100.0M-$50.0M0$50.0M$100.0M2019: $77.8M$77.8M20192020: -$16.2M-$16.2M20202021: -$37.6M-$37.6M2021+132%2022: $55.5M$55.5M20222023: -$110.7M-$110.7M20232024: -$72.2M-$72.2M2024−35%2025: -$110.6M-$110.6M2025+53%
Operating income67895-$179.4M in 2025
-$200.0M-$150.0M-$100.0M-$50.0M0$50.0M2019: $15.9M$15.9M20192020: -$55.7M-$55.7M20202021: -$91.8M-$91.8M2021+65%2022: $13.4M$13.4M20222023: -$173.2M-$173.2M20232024: -$134.8M-$134.8M2024−22%2025: -$179.4M-$179.4M2025+33%
Net income67895-$340.8M in 2025+2070% since 2019
-$400.0M-$300.0M-$200.0M-$100.0M02019: -$15.7M-$15.7M20192020: -$19.0M-$19.0M2020+21%2021: -$159.5M-$159.5M2021+739%2022: -$65.3M-$65.3M2022−59%2023: -$201.8M-$201.8M2023+209%2024: -$240.7M-$240.7M2024+19%2025: -$340.8M-$340.8M2025+42%
Fiscal year2019202020212022202320242025
Revenue$1.4B6$1.1B7$1.5B8$918.5M5$863.9M5$890.0M5$918.5M5
Cost of revenue$1.4B6$1.2B7$1.5B8$1.4B9$974.7M5$962.2M5$1.0B5
Gross profit$77.8M6-$16.2M7-$37.6M8$55.5M9-$110.7M5-$72.2M5-$110.6M5
Operating income$15.9M6-$55.7M7-$91.8M8$13.4M9-$173.2M5-$134.8M5-$179.4M5
Interest$8.0M6$10.4M7$13.6M8$5.0M8$12.1M8
Income before tax-$126.1M8$15.0M9-$178.2M5-$215.0M5-$320.6M5
Income tax$23.1M6$7.4M7$29.8M8$32.1M9$11.1M5$7.7M5$3.7M5
Net income-$15.7M6-$19.0M7-$159.5M8-$65.3M9-$201.8M5-$240.7M5-$340.8M5
Earnings per share-$0.456-$0.547-$4.438-$2.969-$4.165-$5.075-$7.025
Earnings per share (diluted)-$0.456-$0.547-$4.438-$2.969-$4.165-$5.075-$7.025
Shares (weighted, basic)37.4M shares842.0M shares942.7M shares547.5M shares548.5M shares5
Shares (weighted, diluted)37.4M shares842.0M shares942.7M shares547.5M shares548.5M shares5

Compare TPI COMPOSITES, INC with another company

Corporate structure

TPI COMPOSITES, INC sits at the top of its group. 26 entities, 4 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of TPI COMPOSITES, INC

  • VANGUARD GROUP INC Filed SCHEDULE 13G/A on TPI COMPOSITES, INC, latest Jul 29, 2025 (2 filings since Feb 13, 2024)
  • Construction Taahhut A.s. Dere Filed SCHEDULE 13D/A on TPI COMPOSITES, INC, latest Feb 28, 2025 (3 filings since Feb 12, 2025)
  • James O. Shaver Filed SCHEDULE 13G/A on TPI COMPOSITES, INC, latest Feb 14, 2025 (2 filings since May 28, 2024)
  • Erste Asset Management GmbH Filed SCHEDULE 13G/A on TPI COMPOSITES, INC, latest Nov 14, 2024 (2 filings since Nov 14, 2024)
  • Point72 Asset Management, L.P. Filed SC 13G/A on TPI COMPOSITES, INC, latest Nov 14, 2024 (3 filings since Oct 5, 2023)
  • Brookfield OCM Holdings, LLC Filed SC 13D/A on TPI COMPOSITES, INC, latest Sep 12, 2022 (2 filings since Dec 2, 2021)
  • BNP Paribas Asset Management UK Ltd Filed SC 13G on TPI COMPOSITES, INC, latest Jan 31, 2022
  • TPI COMPOSITES, INC Scottsdale, Arizona
    • Composite Solutions, Inc. Subsidiary · Delaware, United States
    • Ponto Alto Holdings, LLC Subsidiary · Delaware, United States
    • TPI APAC II, Inc. Subsidiary · Delaware, United States
    • TPI APAC, LLC Subsidiary · Delaware, United States
    • TPI Arizona, LLC Subsidiary · Delaware, United States
    • TPI Composites II, S. de R.L. de C.V. Subsidiary · Mexico
    • TPI Composites India Private Limited Subsidiary · India
    • TPI Composites S. de R.L. de C.V. Subsidiary · Mexico
    • TPI Composites Services, LLC Subsidiary · Delaware, United States
    • TPI Holdings Switzerland GmbH Subsidiary · Switzerland
    • TPI International, LLC Subsidiary · Delaware, United States
    • TPI Iowa II, LLC Subsidiary · Delaware, United States
    • TPI Iowa, LLC Subsidiary · Delaware, United States
    • TPI Mexico Holdings, LLC Subsidiary · Delaware, United States
    • TPI Mexico II, LLC Subsidiary · Delaware, United States
    • TPI Mexico III, LLC Subsidiary · Delaware, United States
    • TPI Mexico IV, LLC Subsidiary · Delaware, United States
    • TPI Mexico V, LLC Subsidiary · Delaware, United States
    • TPI Mexico VI, LLC Subsidiary · Delaware, United States
    • TPI Mexico, LLC Subsidiary · Delaware, United States
    • TPI Technology, Inc. Subsidiary · Delaware, United States
    • TPI Texas, LLC Subsidiary · Texas, United States
    • TPI Turkey II, LLC Subsidiary · Delaware, United States
    • TPI Turkey Izbas, LLC Subsidiary · Delaware, United States
    • TPI Turkey, LLC Subsidiary · Delaware, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What TPI COMPOSITES, INC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$258.8M5 Dec 31, 2025$253.3M5 Dec 31, 2024+2.2%
Accumulated depreciation$189.8M5 Dec 31, 2025$177.8M5 Dec 31, 2024+6.7%
Property and equipment, net$69.0M5 Dec 31, 2025$75.5M5 Dec 31, 2024−8.6%
Finance-lease assets$919.0K5 Dec 31, 2025$3.1M5 Dec 31, 2024−69.9%
Operating-lease assets (leased space)$82.2M5 Dec 31, 2025$99.8M5 Dec 31, 2024−17.6%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$13.9M5 Dec 31, 2025$143.3M5 Dec 31, 2024−90.3%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$2.8M5 Dec 31, 2025$2.8M5 Dec 31, 20240%
Intangible assets, net (excluding goodwill)$1.5M5 Dec 31, 2025$608.0K5 Dec 31, 2024+149.2%
Accumulated amortization$7.9M5 Dec 31, 2025$7.4M5 Dec 31, 2024+6.3%

Inventory

ItemLatestA year beforeChange
Inventory, total$27.6M5 Dec 31, 2025$3.7M5 Dec 31, 2024+637.5%

Properties, in its own words

Our headquarters is located in Scottsdale, Arizona, and we lease various other facilities in the U.S., Mexico, India, Denmark, Germany and Spain. We believe that our properties are generally in good condition, are well maintained and are generally suitable and adequate to carry out our business at expected capacity for the foreseeable future. The table below lists various information regarding our facilities as of March 25, 2026:

Operating · Year · Leased or · Approximate

The rest of Item 2

Location · Segment · Commenced · Owned · SquareFootage · Description of Use

Newton, IA, U.S. · U.S. · 2008 · Leased · 337,922 · Wind Blade Manufacturing Facility

Juárez, Mexico · Mexico · 2013 · Leased · 345,984 · Wind Blade Manufacturing Facility

Juárez, Mexico · Mexico · 2016 · Leased · 453,096 · Wind Blade Manufacturing Facility

Juárez, Mexico · Mexico · 2016 · Leased · 339,386 · Wind Blade Manufacturing Facility

Matamoros, Mexico · Mexico · 2017 · Leased · 527,442 · Wind Blade Manufacturing Facility

Santa Teresa, NM, U.S. · Mexico · 2014 · Leased · 503,710 · Wind Blade Storage Facility

Kolding, Denmark · U.S. · 2018 · Leased · 2,583 · Advanced Engineering Center

Chennai, India · India · 2019 · Leased · 776,280 · Wind Blade Manufacturing Facility

Madrid, Spain · EMEA · 2021 · Leased · 26,124 · Wind Blade Services Facility

Scottsdale, AZ, U.S. · U.S. · 2023 · Leased · 12,993 · Corporate Headquarters

Berlin, Germany · U.S. · 2023 · Leased · 4,239 · Engineering Center

Des Moines, IA, U.S. · U.S. · 2023 · Leased · 26,640 · Wind Blade Services Facility

Santa Teresa, NM, U.S. · U.S. · 2025 · Leased · 16,000 · Research and Development Facility

Item 2 of the 10-K filed Mar 25, 2026.4

Leadership

Who has led TPI COMPOSITES, INC, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Steven C. Lockard2016–2020
  2. William E. Siwek2020–now

President

  1. Steven C. Lockard2016–2019
  2. William E. Siwek2019–2021
  3. Jerrold I. Lavine2021–2024
  4. Ramesh Gopalakrishnan2022–2023

Chief financial officer

  1. William E. Siwek2016–2019
  2. Bryan Robert Schumaker2019–2021
  3. Ryan D. Miller2022–now

Chief operating officer

  1. Mark R. McFeely2016–2018
  2. Ramesh Gopalakrishnan2019–2023
  3. Charles Stroo2023–now
20202025
Board members and other officers (25)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Composite Solutions, Inc. Delaware3
  • Ponto Alto Holdings, LLC Delaware3
  • TPI APAC II, Inc. Delaware3
  • TPI APAC, LLC Delaware3
  • TPI Arizona, LLC Delaware3
  • TPI Composites II, S. de R.L. de C.V. Mexico3
  • TPI Composites India Private Limited India3
  • TPI Composites S. de R.L. de C.V. Mexico3
  • TPI Composites Services, LLC Delaware3
  • TPI Holdings Switzerland GmbH Switzerland3
  • TPI International, LLC Delaware3
  • TPI Iowa II, LLC Delaware3
  • TPI Iowa, LLC Delaware3
  • TPI Mexico Holdings, LLC Delaware3
  • TPI Mexico II, LLC Delaware3
  • TPI Mexico III, LLC Delaware3
  • TPI Mexico IV, LLC Delaware3
  • TPI Mexico V, LLC Delaware3
  • TPI Mexico VI, LLC Delaware3
  • TPI Mexico, LLC Delaware3
  • TPI Technology, Inc. Delaware3
  • TPI Texas, LLC Texas3
  • TPI Turkey II, LLC Delaware3
  • TPI Turkey Izbas, LLC Delaware3
All 25 listed subsidiaries
  • TPI Turkey, LLC Delaware3

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • TPI COMPOSITES INCFeb 3, 2009 to Mar 1, 20112

Timeline

  1. Mar 9, 20268-K Entered a material agreement49
  2. Mar 5, 20268-K Entered a material agreement; Debt or obligation accelerated50
  3. Nov 4, 20258-K Executive or director change51
  4. Sep 16, 20258-K Completed an acquisition or sale52
  5. Sep 4, 20258-K Entered a material agreement53
  6. Aug 15, 20258-K Entered a material agreement; Bankruptcy or receivership; New debt or obligation54
  7. Aug 11, 20258-K Regulation FD disclosure55
  8. Jun 20, 20258-K Executive or director change56
  9. Jun 3, 20258-K Other events57
  10. May 12, 20258-K Results of operations58
  11. May 12, 20258-K Listing notice or transfer; Executive or director change59
  12. May 8, 20258-K Listing notice or transfer60
  13. May 22, 2020New chief executive William E. Siwek becomes CEO14
  14. Jul 21, 2016New chief executive Steven C. Lockard becomes CEO15

Calendar

When it reported results

  1. May 12, 2025Reported quarterly or annual results58
  2. Feb 20, 2025Reported quarterly or annual results61
  3. Nov 7, 2024Reported quarterly or annual results62
  4. Aug 8, 2024Reported quarterly or annual results63
  5. May 2, 2024Reported quarterly or annual results64
  6. Feb 22, 2024Reported quarterly or annual results65
  7. Nov 2, 2023Reported quarterly or annual results66
  8. Aug 3, 2023Reported quarterly or annual results67

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

273 filings to the SEC since October 2021: 6 annual reports, 13 quarterly reports, 55 major events, 146 insider forms, 15 large holders, 38 other. The latest 20:

  1. Mar 26, 202615-12G EDGAR
  2. Mar 25, 202610-K EDGAR
  3. Mar 18, 2026EFFECT EDGAR
  4. Mar 18, 2026EFFECT EDGAR
  5. Mar 18, 2026EFFECT EDGAR
  6. Mar 18, 2026EFFECT EDGAR
  7. Mar 18, 2026POS AM EDGAR
  8. Mar 18, 2026S-8 POS EDGAR
  9. Mar 18, 2026POS AM EDGAR
  10. Mar 18, 2026POS AM EDGAR
  11. Mar 18, 2026POS AM EDGAR
  12. Mar 9, 20268-K EDGAR
  13. Mar 5, 20268-K EDGAR
  14. Dec 2, 20254 EDGAR
  15. Nov 10, 202510-Q EDGAR
  16. Nov 4, 20258-K EDGAR
  17. Sep 16, 20258-K EDGAR
  18. Sep 4, 20258-K EDGAR
  19. Aug 15, 20258-K EDGAR
  20. Aug 11, 202510-Q EDGAR

The 273 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

38 open-market trades by officers, directors and large owners since October 2021: 30 buys and 8 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Feb 26, 2025Turan Zeki Bora10% ownerBuy10,000$1.25$12.5KForm 4
Feb 24, 2025Turan Zeki Bora10% ownerBuy80,000$1.52$121.6KForm 4
Feb 21, 2025Turan Zeki Bora10% ownerBuy22,000$1.42$31.2KForm 4
Feb 20, 2025Turan Zeki Bora10% ownerBuy66,000$1.44$95.0KForm 4
Feb 4, 2025Turan Zeki Bora10% ownerBuy49,000$1.59$77.9KForm 4
Jan 30, 2025Kirmizioglu Alp10% ownerBuy14,000$1.56$21.8KForm 4
Jan 29, 2025Kirmizioglu Alp10% ownerBuy319,000$1.73$551.9KForm 4
Jan 28, 2025Kirmizioglu Alp10% ownerBuy224,000$1.69$378.6KForm 4
Jan 23, 2025Kirmizioglu Alp10% ownerBuy557,000$1.45$807.6KForm 4
Jan 20, 2025Kirmizioglu Alp10% ownerBuy12,000$1.59$19.1KForm 4
Jan 6, 2025Kirmizioglu Alp10% ownerBuy115,551$1.97$227.6KForm 4
Dec 25, 2024Kirmizioglu Alp10% ownerBuy856,117$1.96$1.7MForm 4
Dec 24, 2024Kirmizioglu Alp10% ownerBuy470,786$1.91$898.3KForm 4
Dec 23, 2024Kirmizioglu Alp10% ownerBuy2,935,217$1.92$5.6MForm 4
Dec 23, 2024Kirmizioglu Alp10% ownerSale1,999$2.06$4.1KForm 4
Dec 20, 2024Kirmizioglu Alp10% ownerBuy658,000$1.18$779.0KForm 4
Dec 19, 2024Kirmizioglu Alp10% ownerBuy599,850$1.24$742.0KForm 4
Dec 18, 2024Kirmizioglu Alp10% ownerBuy2,000$1.22$2.4KForm 4
Dec 16, 2024Kirmizioglu Alp10% ownerBuy26,000$1.25$32.5KForm 4
Nov 13, 2024Siwek William EPresident and CEOBuy10,000$2.19$21.9KForm 4

All 38 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How TPI COMPOSITES, INC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARTPI COMPOSITES, INC1
  • CIK0001455684
  • Employer ID (EIN)20-15907754
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company4
  • Incorporated inDelaware4
  • Fiscal year endsDecember 311
  • Industry code (SIC)3510 Engines & Turbines1
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance1
  • Business address8501 N Scottsdale Road, Gainey Center Ii, Suite 100, Scottsdale, AZ 852531
  • Phone480-305-89101
  • Shares outstanding48,765,812 shares as of Jan 31, 20264
  • Public float$23.5M as of Jun 30, 20254
  • AuditorKPMG LLP, San Diego, California PCAOB ID 185; it also attests to the company’s internal control over financial reporting4
  • On EDGAR sinceFeb 3, 20091
  • Filings825 in all: 4 (448), 8-K (116), 3 (41), 10-Q (29), SC 13G/A (16), SC 13G (14), 4/A (11), CORRESP (11)1
    All 49 form types

    10-K (10), DEFA14A (9), EFFECT (9), UPLOAD (9), D (8), DEF 14A (8), 8-K/A (6), DRSLTR (6), S-8 (6), SD (6), DRS/A (5), 144 (4), CT ORDER (4), POS AM (4), S-1/A (4), SCHEDULE 13G/A (4), FWP (3), PRE 14A (3), S-3 (3), 424B4 (2), ARS (2), S-1 (2), SC 13D (2), SCHEDULE 13G (2), SEC STAFF LETTER (2), 10-K/A (1), 10-Q/A (1), 15-12G (1), 25-NSE (1), 5 (1), 8-A12B (1), CERTNAS (1), D/A (1), DRS (1), REGDEX (1), S-3/A (1), S-3ASR (1), S-8 POS (1), SC 13D/A (1), SCHEDULE 13D (1), SCHEDULE 13D/A (1)

  • Latest filingsAnnual report (10-K) Mar 25, 2026
    Quarterly report (10-Q) Nov 10, 2025
    Proxy statement (DEF 14A) Apr 22, 2024
    Latest 8-K (8-K) Mar 9, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, par value $0.01TPICQ

From the cover page of the 10-K filed Mar 25, 2026 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

The risks TPI COMPOSITES, INC names in Item 1A of its 10-K filed Mar 25, 2026: 34 risks under these headings, as written.4

  • Risks Related to Our Business as a Whole
  • We are subject to risks and uncertainties associated with our Chapter 11 Cases.
  • The Chapter 11 Cases raise substantial doubt regarding our ability to continue as a going concern.
  • As a result of the Chapter 11 Cases, our historical financial information may not be indicative of our future performance, which may be volatile.
  • The pursuit of the Chapter 11 Cases has consumed, and will continue to consume, a substantial portion of the time and attention of our management, which may have an adverse effect on our business, financial condition, results of operations and cash flows, and we may experience increased levels of employee attrition.
  • Aspects of the Chapter 11 Cases limit the flexibility of our management team in running our business.
  • Our financial position, revenue, operating results, profitability and cash flows are difficult to predict and may vary from quarter to quarter.
  • Any potential remedies that may be enforced by Oaktree in respect of a default under our DIP Credit Agreement could have significant impacts on our business and our ability to successfully emerge from the Chapter 11 Cases.
  • A substantial portion of the wind blade models that we manufacture at our facilities in Mexico are currently subject to reviews by U.S. Customs and Border Protection under the Uyghur Forced Labor Prevention Act, which has prevented us from importing these wind blades into the U.S. and is currently and could continue to have a material, adverse effect on our business, results of operations, and financial condition.
  • Our Credit Agreement with Oaktree contains, and any future loan agreements we may enter into may contain, operating and financial covenants that restrict our business and financing activities.
  • The fluctuation of foreign currency exchange rates could materially harm our financial results.
  • Our manufacturing operations and future growth are dependent upon the availability of capital, which may be insufficient to support our capital expenditures.
The other 23 risks
  • Our business and reputation could be adversely impacted by any violations of the FCPA, the U.K. Bribery Act, and other foreign anti-corruption laws.
  • Effective internal controls are necessary for us to provide reliable financial reports and effectively address fraud risks.
  • Much of our intellectual property consists of trade secrets and know-how that is very difficult to protect. If we experience loss of protection for our trade secrets or know-how, our business would be substantially harmed.
  • We may be subject to significant liabilities and costs relating to environmental and health and safety requirements.
  • Work disruptions resulting from our collective bargaining agreements could result in increased operating costs and materially harm our business, operating results and financial condition.
  • Our information technology infrastructure could experience serious failures or cyber security attacks, the failure of which could materially harm our business, operating results and financial condition.
  • Risks Related to Our Wind Business
  • A significant portion of our business is derived from a small number of customers, therefore any loss of or reduction in purchase orders, failure of these customers to fulfill their obligations or our failure to secure supply agreement renewals from these customers could materially harm our business.
  • We do not have long-term contractual volume commitments from our customers beyond 2025 and our customers may elect not to place new wind blade orders with us or may elect to substantially reduce the volume of wind
  • blades ordered from us due to market conditions and other external factors impacting the demand for wind blades.
  • Defects in materials and workmanship or wind blade failures could harm our reputation, expose us to product warranty or other liability claims, decrease demand for wind blades we manufacture, or materially harm existing or prospective customer relationships, and our reserves for warranty expenses might not be sufficient to cover all future costs.
  • We have experienced, and could in the future experience, quality or operational issues in connection with plant construction, expansion or assumption which could result in losses and cause delays in our ability to complete our projects and may therefore materially harm our business, financial condition and results of operations.
  • We have experienced in the past, and our future wind blade production could be affected by, operating problems at our facilities, which may materially harm our operating results and financial condition.
  • Although a majority of our manufacturing facilities are located outside the U.S., our business is still heavily dependent upon the demand for wind energy in the U.S. and any downturn in demand for wind energy in the U.S. could materially harm our business.
  • We have experienced volatility in the price and availability of raw materials and components that are critical to our manufacturing needs, as well as ongoing inflationary pressures impacting many of our labor and other costs, and we may continue to, or in the future, experience price increases, supply constraints, and inflationary pressures, which may hinder our ability to perform under our supply agreements and adversely impact our competitive position, profitability and financial condition.
  • Demand for the wind blades we manufacture may fluctuate for a variety of reasons, including the growth of the wind industry, and decreases in demand could materially harm our business and may not be sufficient to support our growth strategy.
  • We operate a substantial portion of our business in international markets and we may be unable to effectively manage a variety of currency, legal, regulatory, economic, social and political risks associated with our global operations and those in developing markets.
  • A drop in the price of energy sources other than wind energy, or our inability to deliver wind blades that compete with the price of other energy sources, may materially harm our business, financial condition and results of operations.
  • We encounter intense competition for limited customers from other wind blade manufacturers, as well as in-house production by wind turbine OEMs, which may make it difficult to enter into supply agreements, keep existing customers and potentially get new customers.
  • Various legislation, infrastructure, regulations including permitting and siting and incentives that are expected to support the growth of wind energy in the U.S. and around the world may not be extended or may be discontinued, phased out or changed, or may not be successfully implemented, which could materially harm wind energy programs and materially decrease demand for the wind blades we manufacture.
  • Risks Related to Ownership of Our Common Stock
  • We expect that our common stock will be cancelled without any value delivered to shareholders as a result of the Chapter 11 Cases. Any trading in our common stock during the pendency of our Chapter 11 Cases is highly speculative and poses substantial risks to purchasers of our common stock.
  • There is no assurance that an active market in our common stock will continue at present levels or at all.
  • The termination of the registration of our common stock under the Exchange Act could negatively affect the liquidity and trading prices of our common stock.
  • Provisions of Delaware law or our charter documents could delay or prevent an acquisition of our Company, even if the acquisition would be beneficial to our stockholders and could make it more difficult for you to change management.

Legal proceedings

For a discussion of our legal proceedings, refer to Note 18 – Commitments and Contingencies – Legal Proceedings of the Notes to Consolidated Financial Statements in Part II, Item 8 of this Annual Report on Form 10-K.

The opening of Item 3, Legal Proceedings.4

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18
  19. 19
  20. 20
  21. 21
  22. 22
  23. 23
  24. 24
  25. 25
  26. 26
  27. 27
  28. 28
  29. 29
  30. 30
  31. 31
  32. 32
  33. 33
  34. 34
  35. 35
  36. 36
  37. 37
  38. 38
  39. 39
  40. 40
  41. 41
  42. 42
  43. 43
  44. 44
  45. 45
  46. 46
  47. 47
  48. 48
  49. 49
  50. 50
  51. 51
  52. 52
  53. 53
  54. 54
  55. 55
  56. 56
  57. 57
    SEC EDGAROther events
  58. 58
  59. 59
  60. 60
  61. 61
  62. 62
  63. 63
  64. 64
  65. 65
  66. 66
  67. 67
  68. 68
  69. 69
  70. 70
  71. 71
  72. 72
  73. 73
  74. 74