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Investment analysts at FBR Capital Markets started coverage on shares of TerraForm Power (NASDAQ:TERP) in a note issued to investors on Monday. The firm set an “outperform” rating on the stock.

TerraForm Power (NASDAQ:TERP) traded down 1.20% on Monday, hitting $29.75. The stock had a trading volume of 423,712 shares. TerraForm Power has a one year low of $29.01 and a one year high of $34.34. The stock has a 50-day moving average of $31.62 and a 200-day moving average of $31.62. The company’s market cap is $3.005 billion.

A number of other analysts have also recently weighed in on TERP. 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, 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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