It’s been a crucial week for TerraForm Power, Inc. (NASDAQ:TERP); here’s what analysts have to say.

October 2, 2018 - By Clifton Ray

TerraForm Power, Inc. (NASDAQ:TERP) Ratings Coverage

Among 7 analysts covering TerraForm Power (NASDAQ:TERP), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. TerraForm Power had 7 analyst reports since April 4, 2018 according to SRatingsIntel. As per Wednesday, August 15, the company rating was upgraded by Oppenheimer. The rating was upgraded by JP Morgan on Thursday, May 3 to “Overweight”. The rating was maintained by Deutsche Bank on Friday, September 28 with “Hold”. J.P. Morgan upgraded TerraForm Power, Inc. (NASDAQ:TERP) on Thursday, May 3 to “Buy” rating. The firm earned “Neutral” rating on Wednesday, September 12 by Goldman Sachs. Below is a list of TerraForm Power, Inc. (NASDAQ:TERP) latest ratings and price target changes.

28/09/2018 Broker: Deutsche Bank Rating: Hold Maintain
12/09/2018 Broker: Goldman Sachs Old Rating: Sell New Rating: Neutral Old Target: $11 New Target: $11 Upgrade
15/08/2018 Broker: Oppenheimer Old Rating: Perform New Rating: Outperform Upgrade
26/07/2018 Broker: BMO Capital Markets Rating: Market Perform New Target: $11.5 Initiates Coverage On
03/05/2018 Broker: JP Morgan Old Rating: Neutral New Rating: Overweight Old Target: $13 Upgrade
03/05/2018 Broker: J.P. Morgan Rating: Buy New Target: $13.0000 Upgrade
04/04/2018 Broker: RBC Capital Markets Rating: Outperform New Target: $13 Initiates Coverage On

The stock increased 0.26% or $0.03 during the last trading session, reaching $11.61. About 24,792 shares traded. TerraForm Power, Inc. (NASDAQ:TERP) has risen 2.44% since October 2, 2017 and is uptrending. It has underperformed by 13.18% the S&P500.

TerraForm Power, Inc., together with its subsidiaries, owns and operates clean power generation assets serving utility and commercial customers. The company has market cap of $2.43 billion. As of June 30, 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 2,606.7 megawatts. It currently has negative earnings. The firm was formerly known as SunEdison Yieldco, Inc. and changed its name to TerraForm Power, Inc. in May 2014.

More notable recent TerraForm Power, Inc. (NASDAQ:TERP) news were published by: Gurufocus.com which released: “3 High Forward Dividend Utilities” on October 01, 2018, also Fool.com with their article: “Wall Street Sees Brighter Days Ahead for TerraForm Power Inc.” published on September 17, 2018, Benzinga.com published: “TerraForm Power Upgraded By Goldman Sachs: ‘We See Strong Visibility To Hit Growth Expectations'” on September 12, 2018. More interesting news about TerraForm Power, Inc. (NASDAQ:TERP) were released by: Fool.com and their article: “3 Top Solar Stocks to Watch in September” published on September 19, 2018 as well as Globenewswire.com‘s news article titled: “Analysis: Positioning to Benefit within Kinder Morgan, Hess, TerraForm Power, American Water Works, TE Connectivity …” with publication date: September 28, 2018.

TerraForm Power, Inc. (NASDAQ:TERP) Ratings Chart

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