TerraForm Power (TERP) has risen sharply, recording gains of 7.5% in the past 4 weeks. However, the stock has corrected -5.92% 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 4% 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 2.47% and the 50-Day Moving Average is 17.62%. TerraForm Power, Inc. is up 10.11% in the last 3-month period. Year-to-Date the stock performance stands at -6.52%.
TerraForm Power (NASDAQ:TERP): stock turned positive on Friday. Though the stock opened at $11.76, the bulls momentum made the stock top out at $12 level for the day. The stock recorded a low of $11.5527 and closed the trading day at $11.76, in the green by 0.34%. The total traded volume for the day was 2,247,247. The stock had closed at $11.72 in the previous days trading.
Also, Major Brokerage house, Avondale Partners downgrades its ratings on TerraForm Power (NASDAQ:TERP). According to the latest information available, the shares are now rated Market Perform by the analysts at the agency. Previously, the analysts had a Market Outperform rating on the shares. The rating by the firm was issued on July 28, 2016.
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.