Brokerage Firm Rating Update on TerraForm Power (TERP)

TerraForm Power (TERP) : The consensus on TerraForm Power (TERP) based on 3 analyst recommendation on the company stock is 3, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 3 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

TerraForm Power (TERP) : Currently there are 4 street experts covering TerraForm Power (TERP) stock. The most bullish and bearish price target for the stock is $20 and $11 respectively for the short term. The average price target of all the analysts comes to $15.38. The estimated standard deviation from the target is $4.31.


Company shares have received an average consensus rating of Hold for the current week Also, Equity Analysts at the Brokerage Firm, Avondale Partners, downgrades their rating on the shares of TerraForm Power (NASDAQ:TERP). Avondale Partners has a Market Perform rating on the shares. Previously, the analysts had a Market Outperform rating on the shares. The rating by the firm was issued on July 28, 2016.

TerraForm Power (NASDAQ:TERP): stock was range-bound between the intraday low of $13.35 and the intraday high of $13.74 after having opened at $13.48 on Wednesdays session. The stock finally closed in the red at $13.48, a loss of -0.07%. The stock remained in the red for the whole trading day. The total traded volume was 1,040,305 shares. The stock failed to cross $13.74 in Wednesdays trading. The stocks closing price on Thursday was $13.57.

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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