TerraForm Power Inc (TERP) is Resumed by Goldman to Neutral

TerraForm Power Inc (TERP) was Resumed by Goldman to “Neutral”. Goldman advised their investors in a research report released on May 2, 2016.

Many Wall Street Analysts have commented on TerraForm Power Inc. TerraForm Power Inc was Downgraded by JP Morgan to ” Neutral” on Mar 30, 2016.

On the company’s financial health, TerraForm Power Inc reported $-0.03 EPS for the quarter, missing the analyst consensus estimate by $ -0.26 based on the information available during the earnings call on Nov 9, 2015. Analyst had a consensus of $0.23. The company had revenue of $163.30 million for the quarter, compared to analysts expectations of $146.98 million. The company’s revenue was up 204.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.15 EPS.

TerraForm Power Inc opened for trading at $10.97 and hit $11.15 on the upside on Wednesday, eventually ending the session at $11, with a gain of 0.27% or 0.03 points. The heightened volatility saw the trading volume jump to 27,54,005 shares. Company has a market cap of $1,544 M.

In a different news, on Aug 26, 2015, Carlos Domenech (CEO) purchased 6,000 shares at $20.49 per share price.

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 1507.3 Megawatts as of February 20 2015. Its portfolio as of February 20 2015 includes both solar generation facilities and wind power plants consisting of 1223.4 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.

TerraForm Power Inc

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