TerraForm Power Inc (NASDAQ:TERP) has been assigned a consensus recommendation of “Buy” from the seventeen research firms that are covering the firm, MarketBeat.Com reports. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $27.00.

Shares of TerraForm Power (NASDAQ:TERP) opened at 9.46 on Thursday. The stock’s 50 day moving average price is $10.88 and its 200 day moving average price is $19.07. TerraForm Power has a 52 week low of $6.73 and a 52 week high of $42.66. The stock’s market cap is $1.18 billion.

TerraForm Power (NASDAQ:TERP) last issued its quarterly earnings results on Monday, November 9th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.18 by $0.21. The firm had revenue of $153 million for the quarter, compared to analyst estimates of $144.62 million. The business’s revenue was up 204.7% on a year-over-year basis. During the same quarter last year, the firm earned ($0.15) earnings per share. Equities research analysts anticipate that TerraForm Power will post ($0.49) EPS for the current fiscal year.

TERP has been the topic of several research analyst reports. Bank of America cut shares of TerraForm Power from a “buy” rating to a “neutral” rating and set a $11.00 price target on the stock. in a research report on Tuesday, January 19th. They noted that the move was a valuation call. KeyBanc reaffirmed an “equal weight” rating on shares of TerraForm Power in a research report on Friday, November 27th. JPMorgan Chase & Co. reduced their price target on shares of TerraForm Power from $41.00 to $35.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 29th. Deutsche Bank reaffirmed a “buy” rating on shares of TerraForm Power in a research report on Sunday, October 4th. Finally, Robert W. Baird reduced their price target on shares of TerraForm Power from $25.00 to $20.00 and set a “neutral” rating on the stock in a research report on Monday, September 28th.

In related news, major shareholder Montenvers Master Bluemountain acquired 888,473 shares of the stock in a transaction that occurred on Tuesday, November 24th. The shares were acquired at an average price of $0.99 per share, for a total transaction of $879,588.27. Following the completion of the purchase, the insider now directly owns 348,082 shares of the company’s stock, valued at $344,601.18. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

An institutional investor recently bought a new position in TerraForm Power stock. MUFG Americas bought a new position in TerraForm Power Inc (NASDAQ:TERP) during the third quarter, according to its most recent filing with the SEC. The institutional investor bought 12,596 shares of the company’s stock, valued at approximately $179,000.

TerraForm Power, Inc. (NASDAQ:TERP), formerly SunEdison Yieldco, Inc., owns and operates contracted clean power generation assets. The Company operates the power generation assets of SunEdison, Inc. and its consolidated subsidiaries (SunEdison), and third parties. It focuses on acquiring solar and wind generation assets serving utility, commercial and residential customers. Its portfolio consists of solar and wind projects located in the United States, Canada, the United Kingdom, and Chile with an aggregate nameplate capacity of 1,507.3 Megawatts as of February 20, 2015. Its portfolio as of February 20, 2015 includes both solar generation facilities and wind power plants consisting of 1,223.4 Megawatts of nameplate capacity from utility-scale power plants and 283.9 Megawatts of nameplate capacity of commercial, industrial, Government and residential customers. It is the managing member of Terra LLC, and operates, controls and consolidates the business affairs of Terra LLC.

12 Month Chart for NASDAQ:TERP

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