New York State Common Retirement Fund cut its holdings in shares of TerraForm Power Inc (NASDAQ:TERP) by 9.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 82,100 shares of the solar energy provider’s stock after selling 8,301 shares during the period. New York State Common Retirement Fund owned approximately 0.07% of TerraForm Power worth $985,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. SG Americas Securities LLC increased its position in shares of TerraForm Power by 0.6% during the first quarter. SG Americas Securities LLC now owns 10,808 shares of the solar energy provider’s stock worth $134,000 after acquiring an additional 69 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of TerraForm Power by 0.6% during 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 acquiring an additional 1,979 shares in the last quarter. Alliancebernstein L.P. increased its position in shares of TerraForm Power by 1.8% during the second quarter. Alliancebernstein L.P. now owns 110,700 shares of the solar energy provider’s stock worth $1,328,000 after acquiring an additional 2,000 shares in the last quarter. American International Group Inc. increased its position in shares of TerraForm Power by 7.1% during the first quarter. American International Group Inc. now owns 53,859 shares of the solar energy provider’s stock worth $666,000 after acquiring an additional 3,559 shares in the last quarter. Finally, Teachers Advisors LLC increased its position in shares of TerraForm Power by 2.7% during the first quarter. Teachers Advisors LLC now owns 155,648 shares of the solar energy provider’s stock worth $1,925,000 after acquiring an additional 4,076 shares in the last quarter. 82.25% of the stock is owned by institutional investors.

Shares of TerraForm Power Inc (NASDAQ:TERP) opened at $12.96 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.54 and a current ratio of 0.54.

In other news, major shareholder Brookfield Asset Management In sold 625,000 shares of the stock in a transaction on Monday, October 9th. The stock was sold at an average price of $12.95, for a total value of $8,093,750.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 34.55% of the company’s stock.

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Several equities research analysts have recently commented on the stock. Zacks Investment Research raised shares of TerraForm Power from a “sell” rating to a “hold” rating in a research report on Tuesday, October 24th. Bank of America Corporation assumed coverage on shares of TerraForm Power in a research report on Tuesday, October 24th. They set an “underperform” rating and a $11.00 target price for the company. Robert W. Baird reissued a “hold” rating and set a $13.00 target price on shares of TerraForm Power in a research report on Sunday, September 3rd. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a $13.00 price objective on shares of TerraForm Power in a research report on Thursday, October 19th. Finally, BidaskClub raised shares of TerraForm Power from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $13.70.

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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