TerraForm Power (TERP) Shares are Up 2.88%

TerraForm Power (TERP) : Traders are bullish on TerraForm Power (TERP) as it has outperformed the S&P 500 by a margin of 34.9% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.25%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.88% in the last 1 week, and is up 44.01% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

TerraForm Power (NASDAQ:TERP): The stock opened at $12.57 on Friday but the bulls could not build on the opening and the stock topped out at $12.74 for the day. The stock traded down to $12.25 during the day, due to lack of any buying support eventually closed down at $12.50 with a loss of -0.40% for the day. The stock had closed at $12.55 on the previous day. The total traded volume was 871,884 shares.


The stock has recorded a 20-day Moving Average of 11.86% and the 50-Day Moving Average is 29.74%. TerraForm Power, Inc. is up 16.5% in the last 3-month period. Year-to-Date the stock performance stands at -0.64%.

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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