Alpine Woods Capital Investors LLC increased its position in shares of TerraForm Power, Inc. (NASDAQ:TERP) by 10.4% during the second quarter, Holdings Channel reports. The fund owned 1,195,600 shares of the solar energy provider’s stock after buying an additional 112,600 shares during the period. Alpine Woods Capital Investors LLC’s holdings in TerraForm Power were worth $14,347,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors 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 during the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of TerraForm Power by 0.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 327,371 shares of the solar energy provider’s stock worth $3,929,000 after buying an additional 1,979 shares in the last quarter. American International Group Inc. raised its position in shares of 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. Teachers Advisors LLC raised its position in shares of TerraForm Power by 2.7% in the first quarter. Teachers Advisors LLC now owns 155,648 shares of the solar energy provider’s stock worth $1,925,000 after buying an additional 4,076 shares in the last quarter. Finally, Global X Management Co. LLC raised its position in shares of TerraForm Power by 18.3% in the first quarter. Global X Management Co. LLC now owns 28,988 shares of the solar energy provider’s stock worth $359,000 after buying an additional 4,484 shares in the last quarter. 81.88% of the stock is currently owned by institutional investors and hedge funds.

TerraForm Power, Inc. (NASDAQ TERP) opened at 12.61 on Friday. The company’s 50-day moving average price is $12.45 and its 200-day moving average price is $12.19. TerraForm Power, Inc. has a one year low of $10.99 and a one year high of $14.69. The firm’s market cap is $1.57 billion.

TerraForm Power (NASDAQ:TERP) last issued its quarterly earnings results on Friday, July 21st. The solar energy provider reported ($0.94) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.31) by $0.63. TerraForm Power had a negative net margin of 19.84% and a negative return on equity of 4.59%. The firm had revenue of $135.22 million for the quarter. On average, analysts anticipate that TerraForm Power, Inc. will post ($1.02) EPS for the current year.

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A number of research analysts recently weighed in on TERP shares. BidaskClub raised TerraForm Power from a “hold” rating to a “buy” rating in a report on Monday, July 31st. Zacks Investment Research raised TerraForm Power from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $12.90.

About TerraForm Power

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

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