Robert W. Baird restated their hold rating on shares of TerraForm Power, Inc. (NASDAQ:TERP) in a report released on Sunday morning. They currently have a $13.00 price objective on the solar energy provider’s stock.

Several other equities analysts have also recently issued reports on TERP. Zacks Investment Research upgraded TerraForm Power from a strong sell rating to a hold rating in a research note on Wednesday, May 10th. BidaskClub upgraded TerraForm Power from a sell rating to a hold rating in a research note on Friday, June 23rd. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $12.90.

Shares of TerraForm Power (NASDAQ TERP) opened at 13.75 on Friday. The stock’s market cap is $1.71 billion. TerraForm Power has a 52-week low of $10.99 and a 52-week high of $14.69. The company has a 50-day moving average of $13.15 and a 200 day moving average of $12.42.

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 Thomson Reuters’ consensus estimate of ($0.31) by $0.63. TerraForm Power had a negative return on equity of 5.81% and a negative net margin of 24.72%. The firm had revenue of $135.22 million for the quarter. Equities research analysts forecast that TerraForm Power will post ($0.81) EPS for the current fiscal year.

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A number of hedge funds have recently bought and sold shares of TERP. Nomura Holdings Inc. increased its holdings in shares of TerraForm Power by 1.1% during the first quarter. Nomura Holdings Inc. now owns 9,036,740 shares of the solar energy provider’s stock valued at $111,439,000 after purchasing an additional 100,000 shares during the period. Vanguard Group Inc. increased its holdings in shares of TerraForm Power by 1.8% during the second quarter. Vanguard Group Inc. now owns 7,330,136 shares of the solar energy provider’s stock valued at $87,961,000 after purchasing an additional 132,454 shares during the period. Morgan Stanley increased its holdings in shares of TerraForm Power by 3.4% during the first quarter. Morgan Stanley now owns 3,124,921 shares of the solar energy provider’s stock valued at $38,656,000 after purchasing an additional 103,906 shares during the period. Baillie Gifford & Co. increased its holdings in shares of TerraForm Power by 7.3% during the second quarter. Baillie Gifford & Co. now owns 1,764,812 shares of the solar energy provider’s stock valued at $21,178,000 after purchasing an additional 120,329 shares during the period. Finally, State Street Corp increased its holdings in shares of TerraForm Power by 4.1% during the second quarter. State Street Corp now owns 1,602,705 shares of the solar energy provider’s stock valued at $19,233,000 after purchasing an additional 63,271 shares during the period. Institutional investors own 80.79% of the company’s stock.

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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