TerraForm Power’s Quiet Period Will Expire on August 27th (NASDAQ:TERP)
TerraForm Power’s (NASDAQ:TERP) quiet period will expire on Wednesday, August 27th. TerraForm Power had issued 20,065,000 shares in its IPO on July 18th, Analyst Ratings News reports. The total size of the offering was $501,625,000 based on an initial share price of $25.00. During the company’s quiet period, insiders and any underwriters involved in the IPO are prevented from issuing any research reports for the company because of SEC regulations. Following the end of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.
TERP has been the subject of a number of recent research reports. Analysts at Citigroup Inc. initiated coverage on shares of TerraForm Power in a research note on Tuesday, August 12th. They set a “buy” rating on the stock. Separately, analysts at Goldman Sachs initiated coverage on shares of TerraForm Power in a research note on Tuesday, August 12th. They set a “neutral” rating and a $32.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. initiated coverage on shares of TerraForm Power in a research note on Tuesday, August 12th. They set a “neutral” rating and a $35.00 price target on the stock.
TerraForm Power (NASDAQ:TERP) traded down 0.03% on Friday, hitting $30.50. 552 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 has a 50-day moving average of $31.68 and a 200-day moving average of $31.68. The company’s market cap is $3.081 billion.
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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