Large Inflow of Money Witnessed in TerraForm Power

TerraForm Power (NASDAQ:TERP) : Wednesdays money flow points at investors jumping to buy the stock on the weakness of price. $0.63 million worth of transactions were on upticks, whereas, the downticks accounted for $0.41 million worth of transactions. The net money flow was a positive $0.22 million and the uptick to downtick ratio was 1.53. The net money flow into the stock was $0.29 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $0.29 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. TerraForm Power (NASDAQ:TERP) was trading at $8.7, down $0.05 during day. The stock slid -0.57% over the previous days close. For the week, the stock recorded 0.23% over the previous weeks close.


In an insider trading activity, The Securities and Exchange Commission has divulged in a Form 4 filing that the CEO of Terraform Power, Inc., Domenech Carlos had purchased shares worth of $122,940 in a transaction dated on August 25, 2015. A total of 6,000 shares were purchased at a price of $20.49 per share. The information is based on open market trades at the market prices.Option exercises are not covered. 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%.

The company shares have dropped -76.91% 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 $8.64 and the 200 Day Moving Average price is recorded at $9.56. TerraForm Power (NASDAQ:TERP): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $8.78 and $8.67 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $10.51. The buying momentum continued till the end and the stock did not give up its gains. It closed at $10.34, notching a gain of 18.17% for the day. The total traded volume was 10,338,975 . The stock had closed at $8.75 on the previous day.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.