TerraForm Power (TERP) : Traders are bullish on TerraForm Power (TERP) as it has outperformed the S&P 500 by a wide margin of 3.02% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 6.66%, 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 5.96% in the last 1 week, and is up 2.81% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 2.97% and the fifty day Moving Average is 7.38%. TerraForm Power, Inc. is up 41.24% in the last three month period. Year-to-Date the stock performance stands at -3.9%.
TerraForm Power (TERP) : 4 investment research analysts covering TerraForm Power (TERP) have an average price target of $15.38 for the near short term. The highest target price given by the Brokerage Firm to the stock is $20 and the lowest target is $11 for the short term. Analysts expect the variance to be within $4.31 of the average price.
TerraForm Power (NASDAQ:TERP): stock turned positive on Friday. Though the stock opened at $11.52, the bulls momentum made the stock top out at $12.48 level for the day. The stock recorded a low of $11.42 and closed the trading day at $12.09, in the green by 5.96%. The total traded volume for the day was 2,126,809. The stock had closed at $11.41 in the previous days trading.
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.