TerraForm Power (NASDAQ:TERP) has tumbled 1.38% during the past week and has dropped 15.85% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 0.2%. TerraForm Power (NASDAQ:TERP) has underperformed the index by 16.61% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
TerraForm Power (NASDAQ:TERP): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $7.46 and $7.40 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $7.92. The buying momentum continued till the end and the stock did not give up its gains. It closed at $7.86, notching a gain of 5.65% for the day. The total traded volume was 5,927,703 . The stock had closed at $7.44 on the previous day.
The company shares have dropped -79.62% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $40.24 and the one year low was seen on Nov 25, 2015. The 50-Day Moving Average price is $8.92 and the 200 Day Moving Average price is recorded at $9.59.
On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the CEO of Terraform Power, Inc., Domenech Carlos, had purchased 6,000 shares in a transaction dated on August 25, 2015. The transaction was executed at $20.49 per share with total amount equaling $122,940.
Many analysts have stated their opinion on the company shares. Goldman Sachs reinstates their rating on the shares of TerraForm Power (NASDAQ:TERP). The current rating of the shares is Neutral. Equity Analysts at the Firm announces the price target to $10 per share. The rating by the firm was issued on May 2, 2016. Currently the company Insiders own 4% of TerraForm Power shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -12.62% . During last six month period, the net percent change held by insiders has seen a change of -12.62%.
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.