TerraForm Power (NASDAQ: TERP) recently received a number of ratings updates from brokerages and research firms:

  • 10/24/2017 – TerraForm Power was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “TerraForm Power, Inc. is global renewable energy company. It operates clean power generation assets such as solar, wind, natural gas, geothermal and hydro-electricity. The Company owns and operates solar generation assets serving utility, commercial, and residential customers. TerraForm Power, Inc. is based in Beltsville, Maryland. “
  • 10/24/2017 – TerraForm Power had its “underperform” rating reaffirmed by analysts at Bank of America Corporation. They now have a $11.00 price target on the stock.
  • 10/23/2017 – TerraForm Power was upgraded by analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating. They now have a $19.00 price target on the stock, up previously from $13.00.
  • 10/19/2017 – TerraForm Power had its “neutral” rating reaffirmed by analysts at J P Morgan Chase & Co. They now have a $13.00 price target on the stock.
  • 10/13/2017 – TerraForm Power had its “hold” rating reaffirmed by analysts at Robert W. Baird. They now have a $13.00 price target on the stock.
  • 10/6/2017 – TerraForm Power was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “TerraForm Power, Inc. is global renewable energy company. It operates clean power generation assets such as solar, wind, natural gas, geothermal and hydro-electricity. The Company owns and operates solar generation assets serving utility, commercial, and residential customers. TerraForm Power, Inc. is based in Beltsville, Maryland. “
  • 10/2/2017 – TerraForm Power was upgraded by analysts at TheStreet from a “d” rating to a “c-” rating.
  • 9/29/2017 – TerraForm Power was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “TerraForm Power, Inc. is global renewable energy company. It operates clean power generation assets such as solar, wind, natural gas, geothermal and hydro-electricity. The Company owns and operates solar generation assets serving utility, commercial, and residential customers. TerraForm Power, Inc. is based in Beltsville, Maryland. “
  • 9/20/2017 – TerraForm Power was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “TerraForm Power, Inc. is global renewable energy company. It operates clean power generation assets such as solar, wind, natural gas, geothermal and hydro-electricity. The Company owns and operates solar generation assets serving utility, commercial, and residential customers. TerraForm Power, Inc. is based in Beltsville, Maryland. “
  • 9/6/2017 – TerraForm Power was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “TerraForm Power, Inc. is global renewable energy company. It operates clean power generation assets such as solar, wind, natural gas, geothermal and hydro-electricity. The Company owns and operates solar generation assets serving utility, commercial, and residential customers. TerraForm Power, Inc. is based in Beltsville, Maryland. “
  • 9/3/2017 – TerraForm Power had its “hold” rating reaffirmed by analysts at Robert W. Baird. They now have a $13.00 price target on the stock.

TerraForm Power, Inc. (TERP) traded down 1.87% on Tuesday, reaching $13.65. 931,967 shares of the company’s stock traded hands. The stock’s market cap is $1.70 billion. The stock has a 50 day moving average price of $13.26 and a 200 day moving average price of $12.69. TerraForm Power, Inc. has a 12-month low of $11.98 and a 12-month high of $14.11.

TerraForm Power (NASDAQ:TERP) last released its quarterly earnings data on Friday, July 21st. The solar energy provider reported ($0.94) EPS for the quarter, missing the consensus estimate of ($0.31) by ($0.63). The business had revenue of $135.22 million during the quarter. TerraForm Power had a negative net margin of 20.92% and a negative return on equity of 5.75%. Analysts forecast that TerraForm Power, Inc. will post ($1.23) EPS for the current year.

In related news, major shareholder Brookfield Asset Management In sold 625,000 shares of the business’s stock in a transaction on Monday, October 9th. The shares were sold at an average price of $12.95, for a total value of $8,093,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 34.55% of the stock is owned by corporate insiders.

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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