TerraForm Power Inc (TERP) Receives Consensus Rating of “Hold” from Brokerages

TerraForm Power Inc (NASDAQ:TERP) has earned an average rating of “Hold” from the fourteen research firms that are currently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating, four have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $12.95.

Several analysts have issued reports on TERP shares. ValuEngine downgraded shares of TerraForm Power from a “hold” rating to a “sell” rating in a research note on Friday, August 17th. BidaskClub downgraded shares of TerraForm Power from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 25th. MED started coverage on shares of TerraForm Power in a research note on Friday, September 28th. They set a “hold” rating and a $12.00 target price on the stock. They noted that the move was a valuation call. UBS Group raised shares of TerraForm Power from a “market perform” rating to an “outperform” rating in a research note on Wednesday, August 15th. Finally, BMO Capital Markets started coverage on shares of TerraForm Power in a research note on Wednesday, July 25th. They set a “market perform” rating and a $11.50 target price on the stock.

A number of large investors have recently made changes to their positions in TERP. Amalgamated Bank purchased a new position in shares of TerraForm Power during the 2nd quarter valued at $119,000. United Services Automobile Association purchased a new position in shares of TerraForm Power during the 2nd quarter valued at $119,000. Jane Street Group LLC purchased a new position in shares of TerraForm Power during the 2nd quarter valued at $121,000. Cubist Systematic Strategies LLC grew its holdings in shares of TerraForm Power by 314.4% during the 1st quarter. Cubist Systematic Strategies LLC now owns 11,799 shares of the solar energy provider’s stock valued at $127,000 after acquiring an additional 8,952 shares in the last quarter. Finally, Teacher Retirement System of Texas purchased a new position in shares of TerraForm Power during the 2nd quarter valued at $158,000. 60.42% of the stock is currently owned by institutional investors.

Shares of NASDAQ TERP traded up $0.12 during trading on Monday, hitting $11.25. The company had a trading volume of 446,700 shares, compared to its average volume of 611,353. The stock has a market capitalization of $2.41 billion, a P/E ratio of -9.30 and a beta of 0.94. TerraForm Power has a 52 week low of $9.90 and a 52 week high of $14.20. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.89 and a current ratio of 0.89.

TerraForm Power (NASDAQ:TERP) last posted its quarterly earnings results on Monday, August 13th. The solar energy provider reported ($0.13) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.13). TerraForm Power had a negative return on equity of 0.29% and a negative net margin of 13.02%. The company had revenue of $179.89 million for the quarter, compared to analysts’ expectations of $162.69 million. During the same quarter in the prior year, the company earned $0.08 earnings per share. The firm’s revenue was up 5.6% on a year-over-year basis. On average, research analysts forecast that TerraForm Power will post 0.41 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Saturday, September 15th. Shareholders of record on Saturday, September 1st were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 6.76%. The ex-dividend date was Thursday, August 30th. TerraForm Power’s dividend payout ratio (DPR) is currently -62.81%.

About TerraForm Power

TerraForm Power, Inc, together with its subsidiaries, owns and operates clean power generation assets. As of December 31, 2017, its portfolio consisted of solar and wind projects located in the United States, Canada, the United Kingdom, and Chile with a combined nameplate capacity of 2,606.4 megawatts.

Featured Article: Dow Jones Industrial Average (DJIA)

Analyst Recommendations for TerraForm Power (NASDAQ:TERP)

Receive News & Ratings for TerraForm Power Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TerraForm Power and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply