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Tecnoglass Inc. (TGLS) designs, produces, markets, and installs architectural systems for the commercial and residential construction industries in Colombia, the United States, Panama, and internationally. 
The company offers low emissivity, laminated/thermo-laminated, thermo-acoustic, tempered, silk-screened, curved, and digital print glass products. It also provides aluminum products, including bars, plates, profiles, rods, and tubes that are used in the manufacture of architectural glass settings, such as windows, doors, spatial separators, and related products.
In addition, the company offers curtain wall/floating facades, stick facade systems, windows and doors, interior dividers and commercial display windows, hurricane-proof windows, and other products, such as awnings, structures, automatic doors, and other components of architectural systems.
It markets and sells its products primarily under the Tecnoglass, ESWindows, and Alutions brands through internal and independent sales representatives, as wells as directly to distributors.
On March 2nd, TGLS reported Quarter December 2022 earnings of $1.09 per share on revenue of $211.1 million. The consensus earnings estimate was $0.99 per share on revenue of $201.8 million. Revenue grew 60.2% on a year-over-year basis.
Guided Higher: The company said it expects 2023 revenue of $790.0 million to $830.0 million. The current consensus revenue estimate is $791.33 million for the year ending December 31, 2023.
Shares are in the process of moving higher out of their bullish "cup and handle." Higher share prices are expected.
Entry Point: $46.00
Stop Loss: $43.50
Trading Range: $16.05 to $46.48
Target Price: $50.60
