$122.56 Million in Sales Expected for TerraForm Power, Inc. New (TERP) This Quarter

Equities research analysts predict that TerraForm Power, Inc. New (NASDAQ:TERP) will report sales of $122.56 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for TerraForm Power, Inc. New’s earnings. The highest sales estimate is $132.00 million and the lowest is $110.59 million. TerraForm Power, Inc. New reported sales of $135.22 million during the same quarter last year, which would suggest a negative year over year growth rate of 9.4%. The firm is scheduled to announce its next earnings report on Friday, July 20th.

According to Zacks, analysts expect that TerraForm Power, Inc. New will report full-year sales of $122.56 million for the current year, with estimates ranging from $585.53 million to $607.00 million. For the next year, analysts anticipate that the business will report sales of $574.06 million per share, with estimates ranging from $506.90 million to $603.34 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow TerraForm Power, Inc. New.

TerraForm Power, Inc. New (NASDAQ:TERP) last posted its earnings results on Thursday, November 9th. The solar energy provider reported ($0.31) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.04). The business had revenue of $153.43 million for the quarter, compared to analyst estimates of $152.18 million. TerraForm Power, Inc. New had a negative return on equity of 5.87% and a negative net margin of 21.83%.

A number of research analysts recently weighed in on the company. Robert W. Baird raised TerraForm Power, Inc. New from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $13.00 to $19.00 in a report on Monday, October 23rd. Bank of America assumed coverage on TerraForm Power, Inc. New in a report on Tuesday, October 24th. They issued an “underperform” rating and a $11.00 price objective on the stock. Zacks Investment Research raised TerraForm Power, Inc. New from a “sell” rating to a “hold” rating in a report on Tuesday, October 24th. Goldman Sachs Group assumed coverage on TerraForm Power, Inc. New in a report on Monday, November 27th. They issued a “neutral” rating and a $13.00 price objective on the stock. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $13.00 price objective on shares of TerraForm Power, Inc. New in a report on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $13.58.

TerraForm Power, Inc. New (NASDAQ:TERP) opened at $10.96 on Monday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a market capitalization of $1,541.09, a P/E ratio of -7.03 and a beta of 1.37. TerraForm Power, Inc. New has a 1-year low of $10.89 and a 1-year high of $14.20.

Hedge funds and other institutional investors have recently modified their holdings of the business. BNP Paribas Arbitrage SA lifted its position in shares of TerraForm Power, Inc. New by 450.5% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 10,779 shares of the solar energy provider’s stock valued at $129,000 after acquiring an additional 8,821 shares during the period. Timber Hill LLC bought a new stake in shares of TerraForm Power, Inc. New during the 3rd quarter valued at $146,000. Verition Fund Management LLC bought a new stake in shares of TerraForm Power, Inc. New during the 2nd quarter valued at $173,000. Fox Run Management L.L.C. bought a new stake in shares of TerraForm Power, Inc. New during the 4th quarter valued at $174,000. Finally, UBS Asset Management Americas Inc. lifted its position in shares of TerraForm Power, Inc. New by 1.2% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 27,138 shares of the solar energy provider’s stock valued at $326,000 after acquiring an additional 323 shares during the period. 47.01% of the stock is currently owned by hedge funds and other institutional investors.

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About TerraForm Power, Inc. New

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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