TerraForm Power (TERP) Receives Analyst Rating

TerraForm Power (TERP) : The consensus on TerraForm Power (TERP) based on 3 analyst recommendation on the company stock is 3, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 3 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

TerraForm Power (TERP) : The highest level TerraForm Power (TERP) is projected to reach is $20 for the short term and the lowest estimate is at $11. The consolidated price target from 4 rating analysts who initiate coverage on the stock is $15.38 and the possibility the share price can swing is $4.31.


Also, In the latest statement by the brokerage house, Avondale Partners downgrades its outlook on TerraForm Power (NASDAQ:TERP). The current rating of the shares is Market Perform, according to the research report released by the firm. Previously, the company had a rating of Market Outperform. The rating by the firm was issued on July 28, 2016.

TerraForm Power (NASDAQ:TERP): After opening at $13.1, the stock dipped to an intraday low of $12.955 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $13.25 and the buying power remained strong till the end. The stock closed at $13.15 for the day, a gain of 0.46% for the day session. The total traded volume was 624,201. The stocks close on the previous trading day was $13.09.

TerraForm Power, Inc. (TerraForm Power), formerly SunEdison Yieldco, Inc., owns and operates contracted clean power generation assets. The Company operates the power generation assets of SunEdison, Inc. and its consolidated subsidiaries (SunEdison), and third parties. It focuses on acquiring solar and wind generation assets serving utility, commercial and residential customers. Its portfolio consists of solar and wind projects located in the United States, Canada, the United Kingdom, and Chile with an aggregate nameplate capacity of 1,507.3 Megawatts as of February 20, 2015. Its portfolio as of February 20, 2015 includes both solar generation facilities and wind power plants consisting of 1,223.4 Megawatts of nameplate capacity from utility-scale power plants and 283.9 Megawatts of nameplate capacity of commercial, industrial, Government and residential customers. It is the managing member of Terra LLC, and operates, controls and consolidates the business affairs of Terra LLC.

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