TerraForm Power Inc. (TERP) Sees Unusually-High Trading Volume
TerraForm Power Inc. (NASDAQ:TERP) saw an uptick in trading volume on Monday . 1,015,825 shares changed hands during trading, a decline of 9% from the previous session’s volume of 1,116,168 shares.The stock last traded at $12.74 and had previously closed at $12.09.
A number of brokerages recently commented on TERP. Zacks Investment Research raised shares of TerraForm Power from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 16th. Oppenheimer Holdings Inc. reaffirmed a “market perform” rating on shares of TerraForm Power in a research report on Wednesday, July 27th. Avondale Partners downgraded shares of TerraForm Power from an “outperform” rating to a “market perform” rating in a research report on Thursday, July 28th. Finally, Goldman Sachs Group Inc. reaffirmed a “neutral” rating and set a $10.00 price objective on shares of TerraForm Power in a research report on Monday, May 2nd. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $16.80.
The stock’s market capitalization is $1.56 billion. The firm has a 50 day moving average price of $12.03 and a 200 day moving average price of $10.03.
An institutional investor recently raised its position in TerraForm Power stock. Schwab Charles Investment Management Inc. raised its stake in TerraForm Power Inc. (NASDAQ:TERP) by 33.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 0.11% of TerraForm Power worth $1,681,000 at the end of the most recent quarter.
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