TerraForm Power Inc. (NASDAQ:TERP) shares shot up 3.6% during mid-day trading on Wednesday . The company traded as high as $11.52 and last traded at $11.36, with a volume of 1,060,341 shares trading hands. The stock had previously closed at $10.97.

A number of brokerages have recently issued reports on TERP. Bank of America Corp. reissued a “hold” rating and issued a $11.00 price objective on shares of TerraForm Power in a research note on Tuesday, April 26th. Goldman Sachs Group Inc. reissued a “neutral” rating and issued a $10.00 price objective on shares of TerraForm Power in a research note on Monday, May 2nd. Robert W. Baird reissued a “neutral” rating on shares of TerraForm Power in a research note on Thursday, April 7th. Avondale Partners raised TerraForm Power from a “market perform” rating to an “outperform” rating and set a $15.00 price objective on the stock in a research note on Wednesday, June 29th. Finally, Zacks Investment Research downgraded TerraForm Power from a “hold” rating to a “strong sell” rating in a research note on Friday, April 15th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. TerraForm Power has an average rating of “Buy” and a consensus target price of $19.91.

The company’s market capitalization is $1.39 billion. The company has a 50 day moving average price of $8.84 and a 200 day moving average price of $9.49.

In other news, major shareholder Montenvers Master Bluemountain sold 192,144 shares of the stock in a transaction dated Friday, May 13th. The shares were sold at an average price of $8.78, for a total transaction of $1,687,024.32. Following the completion of the sale, the insider now directly owns 6,471,200 shares in the company, valued at $56,817,136. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Several hedge funds have recently bought and sold shares of TERP. California State Teachers Retirement System raised its stake in TerraForm Power by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 110,010 shares of the company’s stock worth $1,384,000 after buying an additional 1,728 shares in the last quarter. First Trust Advisors LP raised its stake in shares of TerraForm Power by 91.6% in the fourth quarter. First Trust Advisors LP now owns 152,452 shares of the company’s stock valued at $1,918,000 after buying an additional 72,867 shares during the period. Swiss National Bank raised its stake in shares of TerraForm Power by 7.5% in the fourth quarter. Swiss National Bank now owns 86,900 shares of the company’s stock valued at $1,093,000 after buying an additional 6,100 shares during the period. Finally, Alpine Woods Capital Investors LLC bought a new stake in shares of TerraForm Power during the fourth quarter valued at approximately $4,629,000.

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