TerraForm Power (TERP) : During the past 4 weeks, traders have been relatively bearish on TerraForm Power (TERP), hence the stock is down -2.9% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.89% relative to the S&P 500. The 4-week change in the price of the stock is -1.89% and the stock has fallen -0.83% in the past 1 week.
The stock has recorded a 20-day Moving Average of 2.03% and the 50-Day Moving Average is 12.28%. TerraForm Power (NASDAQ:TERP): On Fridays trading session , Opening price of the stock was $12.16 with an intraday high of $12.33. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $11.92. However, the stock managed to close at $11.92, a loss of 1.81% for the day. On the previous day, the stock had closed at $12.14. The total traded volume of the day was 634,999 shares.
The company Insiders own 4% of TerraForm Power shares according to the proxy statements. Institutional Investors own 89.84% of TerraForm Power shares. During last six month period, the net percent change held by insiders has seen a change of -12.62%. Also, Equity Analysts at the Avondale Partners downgrades the rating on TerraForm Power (NASDAQ:TERP). The brokerage firm has issued a Market Perform rating on the shares. The shares were previously rated Market Outperform. The rating by the firm was issued on July 28, 2016.
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.