TerraForm Power Inc. (NASDAQ:TERP) shares traded down 4.1% during mid-day trading on Tuesday . The company traded as low as $11.61 and last traded at $11.67, with a volume of 615,287 shares trading hands. The stock had previously closed at $12.17.

A number of research analysts have issued reports on the company. Avondale Partners cut TerraForm Power from an “outperform” rating to a “market perform” rating in a research report on Thursday, July 28th. Bank of America Corp. reiterated a “hold” rating and issued a $11.00 target price on shares of TerraForm Power in a research report on Tuesday, April 26th. Zacks Investment Research upgraded TerraForm Power from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 16th. Oppenheimer Holdings Inc. reiterated a “market perform” rating on shares of TerraForm Power in a research report on Wednesday, July 27th. Finally, Goldman Sachs Group Inc. reissued a “neutral” rating and set a $10.00 price target on shares of TerraForm Power in a research note on Monday, May 2nd. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $16.80.

The company has a 50-day moving average price of $11.76 and a 200-day moving average price of $9.83. The company’s market cap is $1.44 billion.

Other hedge funds recently modified their holdings of the company. Kayne Anderson Capital Advisors LP boosted its stake in shares of TerraForm Power by 4.9% in the fourth quarter. Kayne Anderson Capital Advisors LP now owns 487,800 shares of the company’s stock worth $6,132,000 after buying an additional 23,000 shares during the period. First Trust Advisors LP boosted 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 worth $1,918,000 after buying an additional 72,867 shares during the period. Swiss National Bank boosted 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 worth $1,093,000 after buying an additional 6,100 shares during the period. Finally, California State Teachers Retirement System boosted 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 worth $1,384,000 after buying an additional 1,728 shares during the period.

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