TerraForm Power Inc (TERP) is Downgraded by Avondale to Mkt Perform

TerraForm Power Inc (TERP) was Downgraded by Avondale to ” Mkt Perform”. Earlier the firm had a rating of “Mkt Outperform ” on the company shares. Avondale advised their investors in a research report released on Jul 28, 2016.

Many Wall Street Analysts have commented on TerraForm Power Inc. TerraForm Power Inc was Resumed by Goldman to “Neutral” on May 2, 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 closed down -0.77 points or -6.16% at $11.72 with 25,26,691 shares getting traded on Thursday. Post opening the session at $12.18, the shares hit an intraday low of $11.62 and an intraday high of $12.4 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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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