Avondale Partners Downgrades TerraForm Power Inc to Market Perform

Brokerage firm Avondale Partners Downgrades its rating on TerraForm Power Inc(NASDAQ:TERP). The shares have been rated Market Perform. Previously, the analysts had a Market Outperform rating on the shares. The rating by Avondale Partners was issued on Jul 28, 2016.

In a different note, 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. On May 2, 2016, Goldman Sachs said it Reinstates its rating on TerraForm Power Inc. The shares have been rated ‘Neutral’ by the firm.

TerraForm Power Inc (TERP) remained unchanged at the close of Thursday session. Even as the volume increased to 12,55,466 ,the shares failed to make any impression and ended at 0 points or 0.00% at $11.76. The trading session commenced at $11.6 and the stock hit a high of $11.95 and touched $11.57 at the lower end. Considering that the stock pared all of the losses, it can be said as a positive sign. The share price has a 52-week high of $29.68 and the 52-week low is $6.73. The company has a market cap of $1,651 M and has approximately 14,03,97,280 outstanding shares.

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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