Baird Maintains TerraForm Power Inc to Neutral with Price Target $13.00

Brokerage firm Baird Maintains its rating on TerraForm Power Inc(NASDAQ:TERP). In a research note issued to the investors, the brokerage major Lowers the price-target to $13.00 per share. The shares have been rated Neutral. The rating by Baird was issued on Sep 23, 2016.

In a different note, On Jul 28, 2016, Avondale Partners said it Downgrades its rating on TerraForm Power Inc. The shares have been rated ‘Market Perform’ by the firm. On Jul 27, 2016, Oppenheimer said it Downgrades its rating on TerraForm Power Inc. The shares have been rated ‘Perform’ by the firm. On Jun 29, 2016, Avondale Partners said it Upgrades its rating on TerraForm Power Inc. The shares have been rated ‘Market Outperform’ by the firm.

TerraForm Power Inc (TERP) made into the market gainers list on Tuesdays trading session with the shares advancing 2.19% or 0.3 points. Due to strong positive momentum, the stock ended at $14.03, which is also near the day’s high of $14.18. The stock began the session at $13.76 and the volume stood at 8,34,480 shares. The 52-week high of the shares is $20.12 and the 52 week low is $6.73. The company has a current market capitalization of $1,970 M and it has 14,03,97,280 shares in outstanding.

TerraForm Power Inc(TERP) last announced its earnings results on Nov 9, 2015 for Fiscal Year 2015 and Q3.Company reported revenue of $152.94M. Analysts had an estimated revenue of $144.62M. Earnings per share were $-0.03. Analysts had estimated an EPS of $0.18.

Several Insider Transactions has been reported to the SEC. On Aug 26, 2015, Carlos Domenech (CEO) purchased 6,000 shares at $20.49 per share price.

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 1507.3 Megawatts as of February 20 2015. Its portfolio as of February 20 2015 includes both solar generation facilities and wind power plants consisting of 1223.4 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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