Roth Capital analyst Philip Shen raised his price target for TPI Composites to $23 from $16 as he is incrementally more positive on the company/the stock. Given its industry position, the analyst expects TPI Composites to use its "industry leading manufacturing capabilities as a weapon" to continue to consolidate market share ahead. Nonetheless, Shen notes that while management issued "inline-ish" 2020 guidance, the coronavirus epidemic represents a source of uncertainty that is not factored in. As a result, he maintains a Neutral rating on the shares given potential for another downside guide revision.