TerraForm Power (TERP) has been under a strong bear grip, hence the stock is down -2.67% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.78% in the past 1 week. The stock has risen by 2.21% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.25% in the past 4 weeks.
TerraForm Power (NASDAQ:TERP): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $11.70 and $11.58 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $12.17. The buying momentum continued till the end and the stock did not give up its gains. It closed at $12.02, notching a gain of 2.21% for the day. The total traded volume was 904,664 . The stock had closed at $11.76 on the previous day.
The stock has recorded a 20-day Moving Average of 1.59% and the 50-Day Moving Average is 17.12%. TerraForm Power, Inc. is up 25.08% in the last 3-month period. Year-to-Date the stock performance stands at -4.45%.
TerraForm Power (TERP) : 5 Wall Street analysts covering TerraForm Power (TERP) believe that the average level the stock could reach for the short term is $14.9. The maximum price target given is $20 and the minimum target for short term is around $11, hence the standard deviation is calculated at $3.88.
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.