TerraForm Power Inc. (TERP) Trading Down 4.1%
TerraForm Power Inc. (NASDAQ:TERP)’s share price dropped 4.1% on Tuesday . The company traded as low as $11.61 and last traded at $11.67, with a volume of 615,287 shares traded. The stock had previously closed at $12.17.
TERP has been the topic of a number of recent analyst reports. Goldman Sachs Group Inc. reissued a “neutral” rating and set a $10.00 price target on shares of TerraForm Power in a research report on Monday, May 2nd. Avondale Partners raised TerraForm Power from a “market perform” rating to an “outperform” rating and set a $15.00 price target on the stock in a research report on Wednesday, June 29th. Oppenheimer Holdings Inc. reissued a “market perform” rating on shares of TerraForm Power in a research report on Wednesday, July 27th. Zacks Investment Research raised TerraForm Power from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research report on Tuesday, August 2nd. Finally, Bank of America Corp. reissued a “hold” rating and set a $11.00 price target on shares of TerraForm Power in a research report on Tuesday, April 26th. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $16.80.
The company’s 50-day moving average is $11.94 and its 200-day moving average is $9.85. The stock’s market cap is $1.45 billion.
A hedge fund recently raised its stake in TerraForm Power stock. Swiss National Bank raised its stake in shares of TerraForm Power Inc. (NASDAQ:TERP) by 7.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 86,900 shares of the company’s stock after buying an additional 6,100 shares during the period. Swiss National Bank owned 0.07% of TerraForm Power worth $1,093,000 at the end of the most recent quarter.
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