TerraForm Power (TERP) has risen sharply, recording gains of 14.37% in the past 4 weeks. However, the stock has corrected -0.84% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 16.74% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 3.89% and the 50-Day Moving Average is 6.16%.The 200 Day SMA reached 27.05% TerraForm Power, Inc. is up 66.03% in the last 3-month period. Year-to-Date the stock performance stands at 3.74%.
TerraForm Power (TERP) : The consensus price target for TerraForm Power (TERP) is $15.38 for the short term with a standard deviation of $4.31. The most optimist securities analyst among the 4 who monitor the stock believes that the stock can reach $20, however, the pessimist price target for the company is $11.
Company shares have received an average consensus rating of Hold for the current week TerraForm Power (NASDAQ:TERP): stock was range-bound between the intraday low of $13.03 and the intraday high of $13.31 after having opened at $13.11 on Fridays session. The stock finally closed in the red at $13.11, a loss of -0.76%. The stock remained in the red for the whole trading day. The total traded volume was 1,579,609 shares. The stock failed to cross $13.31 in Fridays trading. The stocks closing price on Thursday was $13.05.
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.