Asset Management One Co. Ltd. boosted its position in TerraForm Power, Inc. (NASDAQ:TERP) by 22.3% during the first quarter, Holdings Channel reports. The institutional investor owned 28,307 shares of the solar energy provider’s stock after buying an additional 5,159 shares during the period. Asset Management One Co. Ltd.’s holdings in TerraForm Power were worth $350,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TERP. SG Americas Securities LLC raised its position in TerraForm Power by 0.6% in the first quarter. SG Americas Securities LLC now owns 10,808 shares of the solar energy provider’s stock worth $134,000 after buying an additional 69 shares in the last quarter. American International Group Inc. raised its position in TerraForm Power by 7.1% in the first quarter. American International Group Inc. now owns 53,859 shares of the solar energy provider’s stock worth $666,000 after buying an additional 3,559 shares in the last quarter. Northeast Financial Consultants Inc purchased a new position in TerraForm Power during the first quarter worth $123,000. Teachers Advisors LLC raised its position in TerraForm Power by 7.4% in the fourth quarter. Teachers Advisors LLC now owns 151,572 shares of the solar energy provider’s stock worth $1,942,000 after buying an additional 10,476 shares in the last quarter. Finally, UBS Asset Management Americas Inc. raised its position in TerraForm Power by 71.3% in the first quarter. UBS Asset Management Americas Inc. now owns 26,815 shares of the solar energy provider’s stock worth $332,000 after buying an additional 11,161 shares in the last quarter. 80.41% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for TerraForm Power (NASDAQ:TERP)

TerraForm Power, Inc. (NASDAQ:TERP) traded down 0.08% on Tuesday, reaching $11.85. 29,975 shares of the company’s stock were exchanged. The firm’s market cap is $1.48 billion. TerraForm Power, Inc. has a 12 month low of $7.95 and a 12 month high of $14.69. The firm’s 50-day moving average is $12.23 and its 200-day moving average is $12.30.

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A number of research firms have weighed in on TERP. Avondale Partners raised shares of TerraForm Power from a “market perform” rating to an “outperform” rating in a research report on Tuesday, March 7th. Zacks Investment Research lowered shares of TerraForm Power from a “buy” rating to a “hold” rating in a research report on Saturday, March 11th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. TerraForm Power presently has an average rating of “Hold” and an average target price of $13.40.

TerraForm Power Company Profile

TerraForm Power, Inc is a United States-based holding company. The Company owns clean power generation assets. This includes solar and wind assets located in the United States, Canada and other markets. Its clean power generation assets serve utility, commercial and residential customers. As of December 31, 2016, the Company’s portfolio consisted of renewable energy facilities located in the United States, Canada, the United Kingdom and Chile with a combined nameplate capacity of 2,983.1 megawatts.

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