Q2 2017 EPS Estimates for TerraForm Power, Inc. Decreased by Analyst (TERP)
TerraForm Power, Inc. (NASDAQ:TERP) – Investment analysts at Oppenheimer Holdings decreased their Q2 2017 earnings per share (EPS) estimates for shares of TerraForm Power in a report issued on Tuesday. Oppenheimer Holdings analyst C. Rusch now expects that the solar energy provider will post earnings per share of ($0.04) for the quarter, down from their previous forecast of ($0.03). Oppenheimer Holdings also issued estimates for TerraForm Power’s Q3 2017 earnings at ($0.05) EPS, Q4 2017 earnings at ($0.27) EPS and FY2017 earnings at ($0.78) EPS.
TerraForm Power (NASDAQ:TERP) last announced its quarterly earnings data 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. The firm had revenue of $135.22 million for the quarter. TerraForm Power had a negative net margin of 24.72% and a negative return on equity of 5.81%.
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A number of other analysts also recently weighed in on TERP. Zacks Investment Research upgraded shares of TerraForm Power from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research report on Friday, July 28th. BidaskClub upgraded shares of TerraForm Power from a “sell” rating to a “hold” rating in a research report on Friday, June 23rd. Finally, Robert W. Baird reiterated a “hold” rating and issued a $13.00 price target on shares of TerraForm Power in a research report on Sunday, September 3rd. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $12.90.
TerraForm Power (NASDAQ:TERP) opened at 13.64 on Friday. The stock’s market cap is $1.70 billion. TerraForm Power has a 52 week low of $10.99 and a 52 week high of $14.69. The company’s 50 day moving average is $13.23 and its 200 day moving average is $12.44.
Large investors have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA increased its stake in TerraForm Power by 450.5% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 10,779 shares of the solar energy provider’s stock worth $129,000 after purchasing an additional 8,821 shares in the last quarter. SG Americas Securities LLC increased its stake in TerraForm Power by 0.6% during the 1st quarter. SG Americas Securities LLC now owns 10,808 shares of the solar energy provider’s stock worth $134,000 after purchasing an additional 69 shares in the last quarter. Eventide Asset Management LLC bought a new stake in TerraForm Power during the 1st quarter worth approximately $136,000. Verition Fund Management LLC bought a new stake in TerraForm Power during the 2nd quarter worth approximately $173,000. Finally, LMR Partners LLP bought a new stake in TerraForm Power during the 2nd quarter worth approximately $233,000. Institutional investors and hedge funds own 80.79% of the company’s stock.
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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