 Bank of America analyst Adhok Bellurkar initiated TPI Composites Inc NASDAQ:TPIC with an Underperform rating and a price target of 22 implying a downside of 44.4. Bellurkar mentions risk to profitability from raw material increases and contends that the consensus 8 revenue compound annual growth rate forecast is overestimating the companys growth given his views on increasing competition, contract expirations, and a slowing industry. 