Stock of The Day: TerraForm Power Inc Just Recorded A Sigfniciant Increase

Stock of The Day: TerraForm Power Inc Just Recorded A Sigfniciant Increase

The stock of TerraForm Power Inc (NASDAQ:TERP) is a huge mover today! About 726,621 shares traded hands. TerraForm Power Inc (NASDAQ:TERP) has risen 43.44% since April 18, 2016 and is uptrending. It has outperformed by 39.01% the S&P500.
The move comes after 9 months positive chart setup for the $1.91B company. It was reported on Nov, 18 by Barchart.com. We have $19.27 PT which if reached, will make NASDAQ:TERP worth $783.10 million more.

TerraForm Power Inc (NASDAQ:TERP) Ratings Coverage

Out of 10 analysts covering Terraform Power Inc (NASDAQ:TERP), 3 rate it a “Buy”, 1 “Sell”, while 6 “Hold”. This means 30% are positive. Terraform Power Inc has been the topic of 22 analyst reports since August 19, 2015 according to StockzIntelligence Inc. The stock of TerraForm Power Inc (NASDAQ:TERP) has “Buy” rating given on Tuesday, September 15 by Bank of America. The rating was downgraded by Zacks on Wednesday, August 26 to “Buy”. The stock has “Neutral” rating given by Goldman Sachs on Monday, May 2. The rating was downgraded by JP Morgan on Wednesday, March 30 to “Neutral”. The stock of TerraForm Power Inc (NASDAQ:TERP) earned “Market Outperform” rating by Avondale on Wednesday, June 29. On Wednesday, September 9 the stock rating was initiated by Oppenheimer with “Perform”. The firm has “Overweight” rating given on Tuesday, September 29 by JP Morgan. The stock of TerraForm Power Inc (NASDAQ:TERP) earned “Sell” rating by UBS on Wednesday, November 25. The rating was downgraded by UBS to “Neutral” on Monday, November 16. The firm earned “Neutral” rating on Tuesday, January 19 by Bank of America.

According to Zacks Investment Research, “TerraForm Power, Inc. is global renewable energy company. It operates clean power generation assets such as solar, wind, natural gas, geothermal and hydro-electricity. The Company owns and operates solar generation assets serving utility, commercial, and residential customers. TerraForm Power, Inc. is based in Beltsville, Maryland.”

More notable recent TerraForm Power Inc (NASDAQ:TERP) news were published by: Fool.com which released: “Why TerraForm Power Inc.’s Shares Popped 11% Today” on November 10, 2016, also Reuters.com with their article: “Brookfield Asset proposes to take 50-60 percent stake in TerraForm Power” published on November 18, 2016, Fool.com published: “Why TerraForm Power Inc Shares Plunged 11% in October” on November 08, 2016. More interesting news about TerraForm Power Inc (NASDAQ:TERP) were released by: Fool.com and their article: “TerraForm Power Inc.’s Biggest Win in 2016 So Far” published on September 30, 2016 as well as Fool.com‘s news article titled: “Interest in TerraForm Power Inc Heats Up” with publication date: July 25, 2016.

TERP Company Profile

TerraForm Power, Inc. is a diversified owner of clean power generation assets in developed markets. This includes solar and wind assets located in the United States, Canada, the United Kingdom and Chile. The Company’s 2,967 megawatts renewable energy portfolio enables power production around the clock.

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