TerraForm Power Company Profile (NASDAQ:TERP)

TerraForm Power trades on the NASDAQ under the ticker symbol "TERP."

TerraForm Power, Inc. (NASDAQ:TERP) announced its quarterly earnings data on Friday, July, 21st. The company reported ($0.94) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($0.31) by $0.63. The company had revenue of $135.22 million for the quarter. TerraForm Power had a negative return on equity of 4.53% and a negative net margin of 19.84%. View TerraForm Power's Earnings History.

5 analysts have issued 12-month price objectives for TerraForm Power's stock. Their predictions range from $13.00 to $13.00. On average, they anticipate TerraForm Power's share price to reach $13.00 in the next year. View Analyst Ratings for TerraForm Power.

Here are some recent quotes from research analysts about TerraForm Power stock:

• 1. According to Zacks Investment Research, "TerraForm Power, Inc. is global renewable energy company. It operates clean power generation assets such as solar, wind, natural gas, geothermal and hydro-electricity. The Company owns and operates solar generation assets serving utility, commercial, and residential customers. TerraForm Power, Inc. is based in Beltsville, Maryland. " (7/19/2017)
• 2. J P Morgan Chase & Co analysts commented, "TERP issued an investor update presentation with 3Q operating metrics and guidance for FY16. Audited financials are still on the come. FY16 revenue and EBITDA guidance were slightly below our expectations and net income was negatively impacted owing to a higher interest expense than we had expected. The 3Q cash balance was slightly higher than expected. TERP did not issue guidance for CAFD but maintains that it will be “substantially lower” than the forecast issued prior to the SUNE bankruptcy owing to factors such as loss of financial and operational support. Encouragingly, TERP expects to become operationally independent from SUNE by January, with a stand-alone org structure, independent IT, and third-party asset management and O&M providers. TERP is seeking consent from bondholders to extend a 12/2 deadline for the company to become current with its SEC filings. We are adjusting our estimates, though our price target remains $13." (11/30/2016)

Some companies that are related to TerraForm Power include NorthWestern Corporation (NWE), Ormat Technologies (ORA), UIL Holdings (UIL), South Jersey Industries (SJI), Companhia Paranaense de Energia (COPEL) (ELP), Pattern Energy Group (PEGI), El Paso Electric Company (EE), Atlantica Yield PLC (ABY), TransAlta Corporation (TAC), California Water Service Group Holding (CWT), NRG Yield (NYLD), American States Water Company (AWR), Northwest Natural Gas Company (NWN), Otter Tail Corporation (OTTR), Shenandoah Telecommunications Co (SHEN), Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (EDN), Drax Group Plc (DRX) and Chesapeake Utilities Corporation (CPK).

TerraForm Power's management team includes the folowing people:

• Peter Blackmore, Chairman of the Board, Interim Chief Executive Officer
• Rebecca J. Cranna, Chief Financial Officer, Executive Vice President
• Thomas M. Studebaker, Chief Operating Officer
• Sebastian Deschler, Senior Vice President, General Counsel, Secretary
• David A. Rawden, Interim Chief Accounting Officer
• Christian S. Fong, Director
• Christopher A. Compton, Independent Director
• Kerri L. Fox, Independent Director
• Edward Hall, Independent Director
• David Pauker, Independent Director

TerraForm Power's stock is owned by many different of retail and institutional investors. Top institutional investors include BROOKFIELD ASSET MANAGEMENT INC. (11.79%) and Aperio Group LLC (0.02%). Company insiders that own TerraForm Power stock include Carlos Domenech and Montenvers Master Bluemountain. View Institutional Ownership Trends for TerraForm Power.

TerraForm Power's stock was sold by a variety of institutional investors in the last quarter, including Aperio Group LLC. View Insider Buying and Selling for TerraForm Power.

Shares of TerraForm Power can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of TerraForm Power stock can currently be purchased for approximately $12.38.