Price Target Update on TerraForm Power (NASDAQ:TERP)

TerraForm Power (NASDAQ:TERP) : Average target price received by TerraForm Power (NASDAQ:TERP) is $14.5 with an expected standard deviation of $3.94. The most aggressive target on the stock is $20, whereas the most downbeat target is $10. 6 financial analysts are currently covering the stock.

Other Equity analysts have also commented 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.

TerraForm Power (NASDAQ:TERP): stock turned positive on Thursday. Though the stock opened at $8.76, the bulls momentum made the stock top out at $9.18 level for the day. The stock recorded a low of $8.53 and closed the trading day at $9.13, in the green by 5.31%. The total traded volume for the day was 2,918,085. The stock had closed at $8.67 in the previous days trading.

The company shares have dropped -77.88% 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 $8.76 and the 200 Day Moving Average price is recorded at $9.60. 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.

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.