TerraForm Power, Inc. (NASDAQ:TERP) Stake Increased by Parametric Portfolio Associates LLC
Parametric Portfolio Associates LLC increased its position in TerraForm Power, Inc. (NASDAQ:TERP) by 54.4% during the first quarter, Holdings Channel reports. The fund owned 91,722 shares of the solar energy provider’s stock after buying an additional 32,331 shares during the period. Parametric Portfolio Associates LLC’s holdings in TerraForm Power were worth $1,135,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in the company. Northeast Financial Consultants Inc bought a new stake in shares of TerraForm Power during the first quarter worth about $123,000. Becker Capital Management Inc. bought a new stake in shares of TerraForm Power during the fourth quarter worth about $148,000. Gargoyle Investment Advisor L.L.C. bought a new stake in shares of TerraForm Power during the first quarter worth about $269,000. UBS Asset Management Americas Inc. boosted its stake in shares of 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 during the last quarter. Finally, Karp Capital Management Corp bought a new stake in shares of TerraForm Power during the first quarter worth about $387,000. 80.42% of the stock is owned by hedge funds and other institutional investors.
TerraForm Power, Inc. (NASDAQ:TERP) opened at 12.25 on Friday. The firm’s market capitalization is $1.53 billion. The company has a 50 day moving average price of $12.02 and a 200-day moving average price of $12.15. TerraForm Power, Inc. has a 52 week low of $10.99 and a 52 week high of $14.69.
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A number of equities research analysts have issued reports on the company. Zacks Investment Research cut TerraForm Power from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. BidaskClub upgraded TerraForm Power from a “sell” rating to a “hold” rating in a report on Friday, June 23rd. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $12.70.
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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