TerraForm Power (TERP) Shares are Down -4.28%

TerraForm Power (TERP) : During the past 4 weeks, traders have been relatively bearish on TerraForm Power (TERP), hence the stock is down -9.07% 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 -4.25% relative to the S&P 500. The 4-week change in the price of the stock is -8.72% and the stock has fallen -4.28% in the past 1 week.

TerraForm Power, Inc. is up 22.16% in the last 3-month period. Year-to-Date the stock performance stands at -9.3%. The stock has recorded a 20-day Moving Average of 5.22% and the 50-Day Moving Average is 4.63%.


TerraForm Power (NASDAQ:TERP): The stock opened at $11.45 on Friday but the bulls could not build on the opening and the stock topped out at $11.60 for the day. The stock traded down to $11.13 during the day, due to lack of any buying support eventually closed down at $11.41 with a loss of -1.55% for the day. The stock had closed at $11.59 on the previous day. The total traded volume was 529,309 shares.

Also, In the latest statement by the brokerage house, Avondale Partners downgrades its outlook on TerraForm Power (NASDAQ:TERP). The current rating of the shares is Market Perform, according to the research report released by the firm. Previously, the company had a rating of 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.

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