TerraForm Power Inc. (NASDAQ:TERP) was down 3.8% during mid-day trading on Wednesday . The stock traded as low as $12.56 and last traded at $12.70, with a volume of 1,036,100 shares. The stock had previously closed at $13.20.

Several equities research analysts recently issued reports on TERP shares. Goldman Sachs Group Inc. reaffirmed a “neutral” rating and set a $10.00 price target on shares of TerraForm Power in a research note on Monday, May 2nd. Avondale Partners raised shares of TerraForm Power from a “market perform” rating to an “outperform” rating and set a $15.00 price target on the stock in a research note on Wednesday, June 29th. Oppenheimer Holdings Inc. reissued a “market perform” rating on shares of TerraForm Power in a research report on Wednesday. Zacks Investment Research downgraded shares of TerraForm Power from a “hold” rating to a “strong sell” rating in a research report on Friday, April 15th. Finally, Bank of America Corp. reissued a “hold” rating and issued a $11.00 target price on shares of TerraForm Power in a research report on Tuesday, April 26th. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. TerraForm Power currently has an average rating of “Hold” and an average target price of $17.90.

The firm’s market capitalization is $1.56 billion. The company’s 50-day moving average is $10.36 and its 200-day moving average is $9.56.

In other TerraForm Power news, major shareholder Montenvers Master Bluemountain sold 192,144 shares of the business’s 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 completion of the sale, the insider now directly owns 6,471,200 shares of the company’s stock, valued at $56,817,136. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Several hedge funds have recently bought and sold shares of TERP. Kayne Anderson Capital Advisors LP increased its stake in TerraForm Power by 4.9% in the fourth quarter. Kayne Anderson Capital Advisors LP now owns 487,800 shares of the company’s stock valued at $6,132,000 after buying an additional 23,000 shares in the last quarter. Alpine Woods Capital Investors LLC purchased a new stake in TerraForm Power during the fourth quarter valued at about $4,629,000. First Trust Advisors LP increased its stake 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. Swiss National Bank increased its stake 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. Finally, California State Teachers Retirement System increased 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 valued at $1,384,000 after buying an additional 1,728 shares in the last quarter.

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