TerraForm Power, Inc. New (NASDAQ:TERP) declared a quarterly dividend on Wednesday, February 7th, Zacks reports. Stockholders of record on Wednesday, February 28th will be given a dividend of 0.19 per share by the solar energy provider on Friday, March 30th. This represents a $0.76 annualized dividend and a dividend yield of 6.87%. The ex-dividend date is Tuesday, February 27th.

TerraForm Power, Inc. New (TERP) traded down $0.07 during mid-day trading on Thursday, hitting $11.06. 91,667 shares of the stock traded hands, compared to its average volume of 375,407. TerraForm Power, Inc. New has a 1 year low of $10.02 and a 1 year high of $14.20. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.84 and a quick ratio of 0.84. The stock has a market capitalization of $1,444.06, a P/E ratio of -7.13 and a beta of 1.15.

TerraForm Power, Inc. New (NASDAQ:TERP) last released its earnings results on Thursday, November 9th. The solar energy provider reported ($0.31) EPS for the quarter, missing the consensus estimate of ($0.27) by ($0.04). TerraForm Power, Inc. New had a negative return on equity of 5.87% and a negative net margin of 21.83%. The company had revenue of $153.43 million during the quarter, compared to analysts’ expectations of $152.18 million. equities analysts expect that TerraForm Power, Inc. New will post -1 EPS for the current fiscal year.

Several equities analysts have recently commented on TERP shares. TheStreet downgraded shares of TerraForm Power, Inc. New from a “c-” rating to a “d+” rating in a report on Thursday, November 30th. Zacks Investment Research raised shares of TerraForm Power, Inc. New from a “sell” rating to a “hold” rating in a report on Tuesday, October 24th. Robert W. Baird reissued a “hold” rating and issued a $13.00 target price on shares of TerraForm Power, Inc. New in a report on Friday, October 13th. Goldman Sachs Group began coverage on shares of TerraForm Power, Inc. New in a report on Monday, November 27th. They issued a “neutral” rating and a $13.00 target price on the stock. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $13.00 price target on shares of TerraForm Power, Inc. New in a research note on Thursday, October 19th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. TerraForm Power, Inc. New currently has a consensus rating of “Hold” and a consensus target price of $13.58.

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TerraForm Power, Inc. New 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.

Dividend History for TerraForm Power, Inc. New (NASDAQ:TERP)

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