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

TERP has been the subject of several research analyst reports. Zacks Investment Research upgraded TerraForm Power from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 16th. Bank of America Corp. restated a “hold” rating and issued a $11.00 price objective on shares of TerraForm Power in a research note on Tuesday, April 26th. Robert W. Baird restated a “neutral” rating on shares of TerraForm Power in a research note on Thursday, April 7th. JPMorgan Chase & Co. cut TerraForm Power from an “overweight” rating to a “neutral” rating and set a $13.00 price objective for the company. in a research note on Wednesday, March 30th. Finally, Goldman Sachs Group Inc. restated a “neutral” rating and issued a $10.00 price objective on shares of TerraForm Power in a research note on Monday, May 2nd. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. TerraForm Power has an average rating of “Buy” and a consensus target price of $17.90.

The firm’s 50-day moving average is $9.97 and its 200 day moving average is $9.55. The company’s market capitalization is $1.56 billion.

In related news, major shareholder Montenvers Master Bluemountain sold 192,144 shares of the business’s stock in a transaction on Friday, May 13th. The stock was sold at an average price of $8.78, for a total transaction of $1,687,024.32. Following the completion of the transaction, the insider now directly owns 6,471,200 shares of the company’s stock, valued at approximately $56,817,136. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Several hedge funds and institutional investors have added to or reduced their stakes in the company. California State Teachers Retirement System boosted its position 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 valued at $1,384,000 after buying an additional 1,728 shares in the last quarter. Swiss National Bank boosted its position in 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 in the last quarter. First Trust Advisors LP boosted its position in 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 in the last quarter. Finally, Alpine Woods Capital Investors LLC acquired a new position in TerraForm Power during the fourth quarter valued at about $4,629,000.

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.