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Investment analysts at Citigroup Inc. began coverage on shares of TerraForm Power (NASDAQ:TERP) in a note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.

TerraForm Power (NASDAQ:TERP) opened at 32.86 on Tuesday. TerraForm Power has a 1-year low of $29.01 and a 1-year high of $34.34. The stock has a 50-day moving average of $31.92 and a 200-day moving average of $31.92. The company’s market cap is $3.319 billion.

Several other analysts have also recently commented on the stock. Analysts at Goldman Sachs initiated coverage on shares of TerraForm Power in a research note on Tuesday. They set a “neutral” rating on the stock. 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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