TerraForm Power (TERP) has risen sharply, recording gains of 5.06% in the past 4 weeks. However, the stock has corrected -3.94% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 5.63% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 2.68% and the 50-Day Moving Average is 10.13%.The 200 Day SMA reached 32.75%
TerraForm Power (NASDAQ:TERP): After opening at $13.99, the stock dipped to an intraday low of $13.03 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $14.55 and the buying power remained strong till the end. The stock closed at $13.91 for the day, a gain of 0.36% for the day session. The total traded volume was 1,836,217. The stocks close on the previous trading day was $13.91.
TerraForm Power (TERP) has been rated by 4 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $18 and the lowest price target forecast is $11. The average forecast of all the analysts is $13.63 and the expected standard deviation is $3.04.
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.