TerraForm Power Now Covered by Goldman Sachs (TERP)
Equities research analysts at Goldman Sachs began coverage on shares of TerraForm Power (NASDAQ:TERP) in a research note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating and a $32.00 price target on the stock. Goldman Sachs’ price objective suggests a potential downside of 2.62% from the stock’s previous close.
TerraForm Power (NASDAQ:TERP) traded down 2.10% on Tuesday, hitting $32.17. 175,028 shares of the company’s stock traded hands. TerraForm Power has a 52-week low of $29.01 and a 52-week high of $34.34. The stock’s 50-day moving average is $31.92 and its 200-day moving average is $31.92. The company’s market cap is $3.250 billion.
Separately, analysts at JPMorgan Chase & Co. initiated coverage on shares of TerraForm Power in a research note on Tuesday. They set a “neutral” rating and a $35.00 price target on the stock.
TerraForm Power, Inc is a dividend growth-oriented company formed to own and operate contracted clean power generation assets acquired from SunEdison and unaffiliated third parties.
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