TerraForm Power Inc. (TERP) Shares Up 6%
TerraForm Power Inc. (NASDAQ:TERP) shares shot up 6% during mid-day trading on Friday . The company traded as high as $12.48 and last traded at $12.09, with a volume of 1,104,059 shares. The stock had previously closed at $11.41.
A number of research firms have issued reports on TERP. Avondale Partners cut shares of TerraForm Power from an “outperform” rating to a “market perform” rating in a report on Thursday, July 28th. Zacks Investment Research cut shares of TerraForm Power from a “buy” rating to a “hold” rating in a report on Wednesday. Oppenheimer Holdings Inc. reaffirmed a “market perform” rating on shares of TerraForm Power in a report on Wednesday, July 27th. Finally, Goldman Sachs Group Inc. reaffirmed a “neutral” rating and issued a $10.00 price target on shares of TerraForm Power in a report on Monday, May 2nd. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $16.80.
The stock’s market cap is $1.50 billion. The company’s 50 day moving average is $12.00 and its 200-day moving average is $9.94.
A hedge fund recently raised its stake in TerraForm Power stock. Schwab Charles Investment Management Inc. raised its stake in shares of TerraForm Power Inc. (NASDAQ:TERP) by 33.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 133,563 shares of the company’s stock after buying an additional 33,618 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.11% of TerraForm Power worth $1,681,000 as of its most recent filing with the SEC.
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