TerraForm Power Inc. (TERP) Given “Hold” Rating at Deutsche Bank AG
Other equities analysts have also issued research reports about the stock. Zacks Investment Research raised shares of TerraForm Power from a hold rating to a buy rating and set a $13.00 target price on the stock in a research report on Tuesday, August 2nd. Avondale Partners lowered shares of TerraForm Power from an outperform rating to a market perform rating in a research report on Thursday, July 28th. Oppenheimer Holdings Inc. reaffirmed a market perform rating on shares of TerraForm Power in a research report on Wednesday, July 27th. Finally, Robert W. Baird set a $13.00 target price on shares of TerraForm Power and gave the stock a neutral rating in a research report on Friday, September 23rd. Nine investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. TerraForm Power has a consensus rating of Hold and a consensus target price of $13.33.
Shares of TerraForm Power (NASDAQ:TERP) traded down 0.96% during mid-day trading on Monday, reaching $13.44. 111,841 shares of the company traded hands. The stock’s 50 day moving average is $13.27 and its 200 day moving average is $10.94. TerraForm Power has a 52-week low of $6.73 and a 52-week high of $19.79. The stock’s market capitalization is $1.67 billion.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TERP. Fox Run Management L.L.C. acquired a new position in TerraForm Power during the second quarter worth about $136,000. Babson Capital Management LLC acquired a new position in TerraForm Power during the first quarter worth about $511,000. Barclays PLC increased its position in TerraForm Power by 472.2% in the first quarter. Barclays PLC now owns 59,550 shares of the company’s stock worth $476,000 after buying an additional 49,143 shares during the last quarter. A.R.T. Advisors LLC acquired a new position in TerraForm Power during the first quarter worth about $1,328,000. Finally, NINE MASTS CAPITAL Ltd increased its position in TerraForm Power by 12.5% in the first quarter. NINE MASTS CAPITAL Ltd now owns 900,000 shares of the company’s stock worth $7,785,000 after buying an additional 100,000 shares during the last quarter. Institutional investors own 93.24% of the company’s stock.
TerraForm Power Company Profile
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