TerraForm Power Inc. (TERP) Trading Up 6%
TerraForm Power Inc. (NASDAQ:TERP)’s share price was up 6% during 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 equities analysts recently commented on TERP shares. Goldman Sachs Group Inc. reaffirmed a “neutral” rating and issued a $10.00 target price on shares of TerraForm Power in a report on Monday, May 2nd. Avondale Partners upgraded TerraForm Power from a “market perform” rating to an “outperform” rating and set a $15.00 price target for the company in a research note on Wednesday, June 29th. Oppenheimer Holdings Inc. reiterated a “market perform” rating on shares of TerraForm Power in a research note on Wednesday, July 27th. Finally, Zacks Investment Research upgraded TerraForm Power from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research note on Tuesday, August 2nd. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $16.80.
The stock’s market capitalization is $1.51 billion. The firm’s 50-day moving average price is $12.02 and its 200 day moving average price is $9.96.
An institutional investor recently raised its position in TerraForm Power stock. Swiss National Bank raised its position in shares of TerraForm Power Inc. (NASDAQ:TERP) by 7.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 86,900 shares of the company’s stock after buying an additional 6,100 shares during the period. Swiss National Bank owned about 0.07% of TerraForm Power worth $1,093,000 as of its most recent SEC filing.
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.