TerraForm Power (TERP) : Analyst Rating Update

TerraForm Power (TERP) : 6 analysts are covering TerraForm Power (TERP) and their average rating on the stock is 2, which is read as a Buy. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

TerraForm Power (TERP) stock is expected to deviate a maximum of $3.94 from the average target price of $14.5 for the short term period. 6 Street Experts have initiated coverage on the stock with the most promising target being $20 and the most muted being $10.

TerraForm Power (NASDAQ:TERP): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $10.90 and $10.87 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $11.52. The buying momentum continued till the end and the stock did not give up its gains. It closed at $11.16, notching a gain of 1.73% for the day. The total traded volume was 8,440,693 . The stock had closed at $10.97 on the previous day.

Also, Equity analysts at the Brokerage firm Avondale Partners upgrades its rating on TerraForm Power (NASDAQ:TERP). The rating major has initiated the coverage with market outperform rating on the shares. Earlier, the shares were rated a Market Perform by the brokerage firm. The rating by the firm was issued on June 29, 2016. The company shares have dropped -72.03% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $40.24 and the one year low was seen on Nov 25, 2015. The 50-Day Moving Average price is $8.84 and the 200 Day Moving Average price is recorded at $9.49.

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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