TerraForm Power, Inc. (NASDAQ:TERP) was upgraded by stock analysts at TheStreet from a “d” rating to a “c-” rating in a research report issued to clients and investors on Monday.

Several other brokerages have also recently issued reports on TERP. Robert W. Baird reaffirmed a “hold” rating and set a $13.00 price objective on shares of TerraForm Power in a report on Sunday, September 3rd. Zacks Investment Research raised TerraForm Power from a “sell” rating to a “hold” rating in a report on Wednesday, September 6th. Finally, BidaskClub raised TerraForm Power from a “hold” rating to a “buy” rating in a report on Monday, July 31st. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $12.90.

Shares of TerraForm Power (NASDAQ TERP) traded down 2.02% during midday trading on Monday, hitting $12.61. The stock had a trading volume of 1,340,747 shares. The stock’s market cap is $1.57 billion. The firm has a 50 day moving average price of $13.43 and a 200 day moving average price of $12.63. TerraForm Power has a one year low of $10.99 and a one year high of $14.50.

TerraForm Power (NASDAQ:TERP) last issued its quarterly earnings data on Friday, July 21st. The solar energy provider reported ($0.94) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.31) by ($0.63). The firm had revenue of $135.22 million for the quarter. TerraForm Power had a negative return on equity of 5.71% and a negative net margin of 20.92%. On average, equities analysts forecast that TerraForm Power will post ($0.73) earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC raised its holdings in shares of TerraForm Power by 0.6% in the first quarter. SG Americas Securities LLC now owns 10,808 shares of the solar energy provider’s stock worth $134,000 after acquiring an additional 69 shares during the last quarter. UBS Asset Management Americas Inc. raised its holdings in shares of TerraForm Power by 1.2% in the second quarter. UBS Asset Management Americas Inc. now owns 27,138 shares of the solar energy provider’s stock worth $326,000 after acquiring an additional 323 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of TerraForm Power by 0.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 327,371 shares of the solar energy provider’s stock worth $3,929,000 after acquiring an additional 1,979 shares during the last quarter. Alliancebernstein L.P. raised its holdings in shares of TerraForm Power by 1.8% in the second quarter. Alliancebernstein L.P. now owns 110,700 shares of the solar energy provider’s stock worth $1,328,000 after acquiring an additional 2,000 shares during the last quarter. Finally, American International Group Inc. raised its holdings in shares of TerraForm Power by 7.1% in the first quarter. American International Group Inc. now owns 53,859 shares of the solar energy provider’s stock worth $666,000 after acquiring an additional 3,559 shares during the last quarter. 80.76% of the stock is owned by institutional investors.

About TerraForm Power

TerraForm Power, Inc is a United States-based holding company. The Company owns clean power generation assets. This includes solar and wind assets located in the United States, Canada and other markets. Its clean power generation assets serve utility, commercial and residential customers. As of December 31, 2016, the Company’s portfolio consisted of renewable energy facilities located in the United States, Canada, the United Kingdom and Chile with a combined nameplate capacity of 2,983.1 megawatts.

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