It's nice to see that Target Hospitality shareholders have gained 127% (in total) over the last year. That gain actually surpasses the 84% TSR it generated (per year) over three years. Given the track record of solid returns over varying time frames, it might be worth putting Target Hospitality on your watchlist. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. Like risks, for instance. Every company has them, and we've spotted 4 warning signs for Target Hospitality (of which 1 is significant!) you should know about.