On a relative basis, the stock has outperformed the S&P 500 by 48.11% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.83% in the last 1 week, and is up 54.58% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 19.23% and the 50-Day Moving Average is 29.62%.
TerraForm Power (NASDAQ:TERP): The stock opened at $12.27 on Friday but the bulls could not build on the opening and the stock topped out at $12.46 for the day. The stock traded down to $11.96 during the day, due to lack of any buying support eventually closed down at $12.15 with a loss of -0.41% for the day. The stock had closed at $12.20 on the previous day. The total traded volume was 1,274,250 shares.
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%. In a related news, Domenech Carlos, CEO of Terraform Power, Inc., executed a transaction worth $122,940 on August 25, 2015. A total of 6,000 shares were purchased at an average price of $20.49. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
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.