TerraForm Power (TERP) Receives Price Target

TerraForm Power (TERP) : The highest level TerraForm Power (TERP) is projected to reach is $20 for the short term and the lowest estimate is at $11. The consolidated price target from 4 rating analysts who initiate coverage on the stock is $15.38 and the possibility the share price can swing is $4.31.

TerraForm Power (TERP) : 3 analysts are covering TerraForm Power (TERP) and their average rating on the stock is 3, which is read as a Hold. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.


Also, Equity analysts at the Brokerage firm Avondale Partners downgrades its rating on TerraForm Power (NASDAQ:TERP). The rating major has initiated the coverage with market perform rating on the shares. Earlier, the shares were rated a Market Outperform by the brokerage firm. The rating by the firm was issued on July 28, 2016.

TerraForm Power (NASDAQ:TERP): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $12.81 and $12.61 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $13.07. The buying momentum continued till the end and the stock did not give up its gains. It closed at $12.85, notching a gain of 0.08% for the day. The total traded volume was 921,503 . The stock had closed at $12.84 on the previous day.

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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