Brokerage firm Macquarie Downgrades its rating on TerraForm Power Inc(TERP). The shares have been rated Neutral. Previously, the analysts had a Outperform rating on the shares. The rating by Macquarie was issued on Feb 3, 2017.
TerraForm Power Inc (TERP) shares turned negative on Tuesdays trading session with the shares closing down -0.44 points or -3.81% at a volume of 10,43,900. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $11.71. The peak price level was also seen at $11.71 while the days lowest was $11.06. Finally the shares closed at $11.11. The 52-week high of the shares is $14.69 while the 52-week low is $7.23. According to the latest information available, the market cap of the company is $1,550 M.
TerraForm Power Inc(TERP) last announced its earnings results on Dec 6, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $161.75M. Analysts had an estimated revenue of $115.39M. Earnings per share were $-0.01. The reported EPS was above estimates by $0.85 or -0.99%. Analysts had estimated an EPS of $-0.86.
Several Insider Transactions has been reported to the SEC. On Aug 26, 2015, Carlos Domenech (CEO) purchased 6,000 shares at $20.49 per share price.
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 1507.3 Megawatts as of February 20 2015. Its portfolio as of February 20 2015 includes both solar generation facilities and wind power plants consisting of 1223.4 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.