Shares of TerraForm Power Inc. (NASDAQ:TERP) were down 3.3% during trading on Tuesday . The stock traded as low as $11.86 and last traded at $11.87, with a volume of 597,815 shares traded. The stock had previously closed at $12.28.

Several analysts have commented on TERP shares. Zacks Investment Research lowered shares of TerraForm Power from a “hold” rating to a “strong sell” rating in a research report on Friday, April 15th. Bank of America Corp. reaffirmed a “hold” rating and issued a $11.00 price objective on shares of TerraForm Power in a research report on Tuesday, April 26th. Goldman Sachs Group Inc. reaffirmed a “neutral” rating and issued a $10.00 price objective on shares of TerraForm Power in a research report 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 objective on the stock in a research report on Wednesday, June 29th. Finally, Oppenheimer Holdings Inc. reaffirmed a “market perform” rating on shares of TerraForm Power in a research report on Wednesday, July 27th. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $16.80.

The company’s 50-day moving average is $11.40 and its 200 day moving average is $9.75. The stock’s market capitalization is $1.49 billion.

In other TerraForm Power news, major shareholder Montenvers Master Bluemountain sold 192,144 shares of the firm’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 transaction of $1,687,024.32. Following the sale, the insider now owns 6,471,200 shares in the company, valued at approximately $56,817,136. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Several large investors recently added to or reduced their stakes in the stock. Kayne Anderson Capital Advisors LP boosted 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 during the last quarter. Alpine Woods Capital Investors LLC bought a new stake in TerraForm Power during the fourth quarter valued at about $4,629,000. First Trust Advisors LP boosted 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 during the last quarter. Swiss National Bank boosted 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 during the last quarter. Finally, California State Teachers Retirement System boosted 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 during the last quarter.

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.