Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TerraForm Power Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
TerraForm Power, Inc. (TERP) Upgraded to Buy by Zacks Investment Research
Receive News & Ratings for TerraForm Power Inc. Daily
Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TerraForm Power Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
According to Zacks, “TerraForm Power, Inc. is global renewable energy company. It operates clean power generation assets such as solar, wind, natural gas, geothermal and hydro-electricity. The Company owns and operates solar generation assets serving utility, commercial, and residential customers. TerraForm Power, Inc. is based in Beltsville, Maryland. “
Separately, BidaskClub upgraded TerraForm Power from a sell rating to a hold rating in a research note on Friday, June 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. TerraForm Power currently has an average rating of Hold and an average target price of $12.90.
TerraForm Power (TERP) traded up 0.12% during midday trading on Friday, reaching $12.81. 72,412 shares of the company traded hands. The firm has a 50-day moving average of $12.41 and a 200-day moving average of $12.18. The stock’s market capitalization is $1.60 billion. TerraForm Power has a 1-year low of $10.99 and a 1-year high of $14.69.
TerraForm Power (NASDAQ:TERP) last announced its earnings results on Friday, July 21st. The solar energy provider reported ($0.94) earnings per share for the quarter, missing the consensus estimate of ($0.31) by $0.63. TerraForm Power had a negative net margin of 19.84% and a negative return on equity of 4.59%. The company had revenue of $135.22 million during the quarter. On average, analysts predict that TerraForm Power will post ($1.02) earnings per share for the current year.
WARNING: “[[title]]” was originally reported by [[site]] and is owned by of [[site]]. If you are viewing this piece on another site, it was copied illegally and republished in violation of US & international copyright & trademark law. The correct version of this piece can be accessed at [[permalink]].
Several institutional investors have recently added to or reduced their stakes in the company. State Street Corp boosted its position in TerraForm Power by 4.8% in the fourth quarter. State Street Corp now owns 1,558,243 shares of the solar energy provider’s stock worth $19,959,000 after buying an additional 71,204 shares during the period. Becker Capital Management Inc. bought a new position in TerraForm Power during the fourth quarter worth $148,000. Teachers Advisors LLC boosted its position in TerraForm Power by 7.4% in the fourth quarter. Teachers Advisors LLC now owns 151,572 shares of the solar energy provider’s stock worth $1,942,000 after buying an additional 10,476 shares during the period. Russell Investments Group Ltd. bought a new position in TerraForm Power during the first quarter worth $400,000. Finally, Rubric Capital Management LP bought a new position in TerraForm Power during the first quarter worth $5,009,000. 81.88% of the stock is owned by institutional investors.
About TerraForm Power
TerraForm Power, Inc is a United States-based holding company. The Company owns clean power generation assets. This includes solar and wind assets located in the United States, Canada and other markets. Its clean power generation assets serve utility, commercial and residential customers. As of December 31, 2016, the Company’s portfolio consisted of renewable energy facilities located in the United States, Canada, the United Kingdom and Chile with a combined nameplate capacity of 2,983.1 megawatts.
Get a free copy of the Zacks research report on TerraForm Power (TERP)
For more information about research offerings from Zacks Investment Research, visit Zacks.com