TerraForm Power Inc. (NASDAQ:TERP) shot up 1.6% during trading on Wednesday . The stock traded as high as $14.44 and last traded at $13.62, with a volume of 1,135,225 shares traded. The stock had previously closed at $13.40.

Several brokerages recently commented on TERP. Oppenheimer Holdings Inc. reiterated a “market perform” rating on shares of TerraForm Power in a research note on Wednesday, July 27th. Avondale Partners upgraded shares of TerraForm Power from a “market perform” rating to an “outperform” rating and set a $15.00 price objective on the stock in a research note on Wednesday, June 29th. Finally, Zacks Investment Research upgraded shares of TerraForm Power from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 16th. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the company. TerraForm Power currently has a consensus rating of “Hold” and a consensus target price of $16.80.

The firm’s 50 day moving average is $12.47 and its 200 day moving average is $10.53. The stock’s market cap is $1.74 billion.

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Several hedge funds and other institutional investors have recently made changes to their positions in the stock. NINE MASTS CAPITAL Ltd increased its position in TerraForm Power by 12.5% in the first quarter. NINE MASTS CAPITAL Ltd now owns 900,000 shares of the company’s stock worth $7,785,000 after buying an additional 100,000 shares during the period. HBK Investments L P bought a new position in TerraForm Power during the first quarter worth approximately $439,000. Geode Capital Management LLC increased its position in TerraForm Power by 2.6% in the first quarter. Geode Capital Management LLC now owns 489,137 shares of the company’s stock worth $4,231,000 after buying an additional 12,517 shares during the period. UBS Group AG increased its position in TerraForm Power by 315.7% in the first quarter. UBS Group AG now owns 146,049 shares of the company’s stock worth $1,264,000 after buying an additional 110,912 shares during the period. Finally, State Street Corp increased its position in TerraForm Power by 9.7% in the first quarter. State Street Corp now owns 786,042 shares of the company’s stock worth $6,801,000 after buying an additional 69,282 shares during the period. Institutional investors and hedge funds own 93.24% of the company’s stock.

TerraForm Power Company Profile

5 Day Chart for NASDAQ:TERP

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