TerraForm Power Inc. (NASDAQ:TERP) shares were up 4.3% during trading on Wednesday . The stock traded as high as $12.57 and last traded at $12.49, with a volume of 996,249 shares changing hands. The stock had previously closed at $11.98.

Several research analysts have recently commented on TERP shares. JPMorgan Chase & Co. lowered shares of TerraForm Power from an “overweight” rating to a “neutral” rating and set a $13.00 price target for the company. in a report on Wednesday, March 30th. Robert W. Baird reaffirmed a “neutral” rating on shares of TerraForm Power in a report on Thursday, April 7th. Zacks Investment Research lowered shares of TerraForm Power from a “hold” rating to a “strong sell” rating in a report on Friday, April 15th. Bank of America Corp. reaffirmed a “hold” rating and issued a $11.00 price target on shares of TerraForm Power in a report on Tuesday, April 26th. Finally, Goldman Sachs Group Inc. reaffirmed a “neutral” rating and issued a $10.00 price target on shares of TerraForm Power in a report on Monday, May 2nd. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $17.90.

The company’s market cap is $1.55 billion. The company has a 50 day moving average price of $9.74 and a 200-day moving average price of $9.51.

In related news, major shareholder Montenvers Master Bluemountain sold 192,144 shares of the stock in a transaction that occurred on Friday, May 13th. The shares were sold at an average price of $8.78, for a total value of $1,687,024.32. Following the sale, the insider now directly owns 6,471,200 shares in the company, valued at approximately $56,817,136. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Other hedge funds recently made changes to their positions in the company. Alpine Woods Capital Investors LLC bought a new stake in shares of TerraForm Power during the fourth quarter valued at approximately $4,629,000. First Trust Advisors LP increased 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 increased 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, California State Teachers Retirement System increased its stake in shares of TerraForm Power by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 110,010 shares of the company’s stock valued at $1,384,000 after buying an additional 1,728 shares during the period.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.