About TerraForm Power (NASDAQ:TERP)
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. It owns and operates over 500 hundred wind and solar clean energy power installations. Its projects include Bluebird, River Mountains Solar, Laho Solar, SunE Perpetual Lindsday, Sandringham, California Public institutions and Summit Solar Projects. The Company holds interest in TerraForm Power, LLC (Terra LLC), which is an owner and operator of renewable energy facilities that have long-term contractual arrangements to sell the electricity generated by these facilities to third parties.
Industry, Sector and Symbol:
- Industry: Renewable Utilities
- Sub-Industry: N/A
- Sector: Utilities
- Symbol: NASDAQ:TERP
- CUSIP: N/A
- Web: www.terraformpower.com
- Debt-to-Equity Ratio: 1.08%
- Current Ratio: 0.84%
- Quick Ratio: 0.84%
Sales & Book Value:
- Annual Sales: $654.56 million
- Price / Sales: 2.75
- Cash Flow: $2.63 per share
- Price / Cash: 4.87
- Book Value: $18.86 per share
- Price / Book: 0.68
- Net Income: $-129,840,000.00
- Net Margins: -21.83%
- Return on Equity: -5.87%
- Return on Assets: -2.13%
- Outstanding Shares: 140,570,000
Frequently Asked Questions for TerraForm Power (NASDAQ:TERP)
What is TerraForm Power's stock symbol?
TerraForm Power trades on the NASDAQ under the ticker symbol "TERP."
How were TerraForm Power's earnings last quarter?
TerraForm Power, Inc. (NASDAQ:TERP) posted its quarterly earnings results on Thursday, November, 9th. The solar energy provider reported ($0.31) EPS for the quarter, missing analysts' consensus estimates of ($0.27) by $0.04. The solar energy provider earned $153.43 million during the quarter, compared to the consensus estimate of $152.18 million. TerraForm Power had a negative return on equity of 5.87% and a negative net margin of 21.83%. View TerraForm Power's Earnings History.
Where is TerraForm Power's stock going? Where will TerraForm Power's stock price be in 2017?
4 analysts have issued 1-year price targets for TerraForm Power's stock. Their forecasts range from $11.00 to $19.00. On average, they anticipate TerraForm Power's share price to reach $14.33 in the next year. View Analyst Ratings for TerraForm Power.
What are Wall Street analysts saying about TerraForm Power stock?
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. " (10/24/2017)
- 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)
Are investors shorting TerraForm Power?
TerraForm Power saw a decrease in short interest in October. As of October 13th, there was short interest totalling 4,529,381 shares, a decrease of 29.3% from the September 29th total of 6,408,036 shares. Based on an average trading volume of 812,958 shares, the days-to-cover ratio is presently 5.6 days.
Who are some of TerraForm Power's key competitors?
Some companies that are related to TerraForm Power include NRG Yield (NYLD), PNM Resources, Inc. (Holding Co.) (PNM), Avista Corporation (AVA), TransAlta Renewables (RNW), Pennon Group Plc (PNN), Black Hills Corporation (BKH), Comp En De Mn Cemig ADS (CIG), NorthWestern Corporation (NWE), UIL Holdings Corporation (UIL), Telephone and Data Systems (TDS), South Jersey Industries (SJI), Capital Power (CPX), El Paso Electric Company (EE), TalkTalk Telecom Group PLC (TKTCY), MGE Energy (MGEE), Atlantica Yield PLC (AY), TransAlta (TA) and Pattern Energy Group (PEGI).
Who are TerraForm Power's key executives?
TerraForm Power's management team includes the folowing people:
- Peter Blackmore, Chairman of the Board (Age 70)
- John Marcus Stinebaugh, Chief Executive Officer
- Matthew Berger, Chief Financial Officer
- Sebastian Deschler, Senior Vice President, General Counsel, Secretary (Age 46)
- Christopher A. Compton, Independent Director (Age 68)
- Christian S. Fong, Independent Director (Age 40)
- Kerri L. Fox, Independent Director (Age 49)
- Edward Hall, Independent Director (Age 58)
- David Pauker, Independent Director (Age 58)
Who owns TerraForm Power stock?
TerraForm Power's stock is owned by a number of of institutional and retail investors. Top institutional investors include
BROOKFIELD ASSET MANAGEMENT INC.
BROOKFIELD ASSET MANAGEMENT INC.
APPALOOSA INVESTMENT LIMITED PARTNERSHIP I
MERCED CAPITAL, L.P.
(5.10%), Baillie Gifford & Co. (1.92%) and Alpine Woods Capital Investors LLC (0.77%). Company insiders that own TerraForm Power stock include Brookfield Asset Management In and Montenvers Master Bluemountain. View Institutional Ownership Trends for TerraForm Power.
Who sold TerraForm Power stock? Who is selling TerraForm Power stock?
TerraForm Power's stock was sold by a variety of institutional investors in the last quarter, including Magnetar Financial LLC, Alpine Woods Capital Investors LLC, Bank of New York Mellon Corp, California State Teachers Retirement System and Asset Management One Co. Ltd.. View Insider Buying and Selling for TerraForm Power.
Who bought TerraForm Power stock? Who is buying TerraForm Power stock?
TerraForm Power's stock was acquired by a variety of institutional investors in the last quarter, including Baillie Gifford & Co., SG Americas Securities LLC, Schwab Charles Investment Management Inc., Timber Hill LLC, KBC Group NV, Wells Fargo & Company MN and American International Group Inc.. View Insider Buying and Selling for TerraForm Power.
How do I buy TerraForm Power stock?
Shares of TerraForm Power can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is TerraForm Power's stock price today?
One share of TerraForm Power stock can currently be purchased for approximately $12.81.
How big of a company is TerraForm Power?
TerraForm Power has a market capitalization of $1.84 billion and generates $654.56 million in revenue each year.
How can I contact TerraForm Power?
TerraForm Power's mailing address is 7550 Wisconsin Avenue 9th Floor, Bethesda MD, 20814. The solar energy provider can be reached via phone at 240-762-7700 or via email at [email protected]
MarketBeat Community Rating for TerraForm Power (TERP)MarketBeat's community ratings are surveys of what our community members think about TerraForm Power and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Analysts' Consensus Rating for TerraForm Power (NASDAQ:TERP) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Sell Rating, 1 Hold Rating, 2 Buy Ratings, 0 Strong Buy Ratings|
|Consensus Rating:||Hold (Score: 2.25)|
|Consensus Price Target: ||$14.33 (11.89% upside)|
Consensus Price Target History for TerraForm Power (NASDAQ:TERP)
Analysts' Ratings History for TerraForm Power (NASDAQ:TERP)
(Data available from 11/22/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/24/2017||Bank of America Corporation||Initiated Coverage||Underperform -> Underperform||$11.00||N/A|
|10/23/2017||Robert W. Baird||Upgrade||Neutral -> Outperform||$13.00 -> $19.00||N/A|
|10/19/2017||J P Morgan Chase & Co||Reiterated Rating||Neutral -> Neutral||$13.00||N/A|
|3/7/2017||Avondale Partners||Upgrade||Market Perform -> Outperform||N/A|
|10/10/2016||Deutsche Bank AG||Reiterated Rating||Hold||$13.00||N/A|
|7/27/2016||Oppenheimer Holdings, Inc.||Reiterated Rating||Outperform -> Market Perform||N/A|
|5/2/2016||Goldman Sachs Group, Inc. (The)||Reiterated Rating||Neutral||$10.00||N/A|
|11/27/2015||KeyCorp||Reiterated Rating||Equal Weight||N/A|
|11/23/2015||Janney Montgomery Scott||Lower Price Target||Buy||$34.00 -> $22.00||N/A|
Earnings History and Estimates Chart for TerraForm Power (NASDAQ:TERP)
Earnings History by Quarter for TerraForm Power (NASDAQ TERP)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|11/9/2017||Q3 2017||($0.27)||($0.31)||$152.18 million||$153.43 million||View||N/A|
|7/21/2017||Q4 2016||($0.31)||($0.94)||$135.22 million||View||N/A|
|2/7/2017||Q2 2016||($0.45)||($0.23)||$187.30 million||View||N/A|
|11/9/2015||Q315||$0.18||($0.03)||$144.62 million||$153.00 million||View||Listen|
|8/6/2015||Q2||$0.20||$0.10||$136.90 million||$132.00 million||View||N/A|
|5/7/2015||Q115||($0.40)||($0.31)||$491.77 million||$70.52 million||View||Listen|
|11/5/2014||Q314||$0.07||($0.15)||$52.55 million||$56.00 million||View||Listen|
Earnings Estimates for TerraForm Power (NASDAQ:TERP)
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History by Quarter for TerraForm Power (NASDAQ TERP)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for TerraForm Power (NASDAQ TERP)
Insider Ownership Percentage: 34.55%
Institutional Ownership Percentage: 54.36%
Insider Trades by Quarter for TerraForm Power (NASDAQ TERP)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|10/9/2017||Brookfield Asset Management In||Major Shareholder||Sell||625,000||$12.95||$8,093,750.00|| |
|5/13/2016||Montenvers Master Bluemountain||Major Shareholder||Sell||192,144||$8.78||$1,687,024.32|| |
|11/24/2015||Montenvers Master Bluemountain||major shareholder||Buy||888,473||$0.99||$879,588.27|| |
|8/25/2015||Carlos Domenech||CEO||Buy||6,000||$20.49||$122,940.00|| |
|9/9/2014||Carlos Domenech||Insider||Buy||10,000||$32.38||$323,800.00|| |
|9/8/2014||Carlos Domenech||Insider||Buy||1,000||$32.80||$32,800.00|| |
|7/23/2014||Mark D Lerdal||Director||Buy||10,000||$25.00||$250,000.00|| |
|7/23/2014||Sanjeev Kumar||CFO||Buy||1,500||$25.00||$37,500.00|| |
|7/23/2014||Sebastian Deschler||Insider||Buy||2,000||$25.00||$50,000.00|| |
Latest Headlines for TerraForm Power (NASDAQ TERP)
|What to Expect From TerraForm Power, Inc. in 2018|
www.fool.com - November 20 at 9:22 AM
|$126.39 Million in Sales Expected for TerraForm Power, Inc. (TERP) This Quarter|
www.americanbankingnews.com - November 13 at 1:02 PM
|TERP Crosses Below Key Moving Average Level|
www.nasdaq.com - November 11 at 7:31 PM
|Edited Transcript of TERP earnings conference call or presentation 10-Nov-17 2:30pm GMT|
finance.yahoo.com - November 11 at 2:29 PM
|TerraForm Power, Inc. (TERP) Posts Quarterly Earnings Results, Misses Estimates By $0.04 EPS|
www.americanbankingnews.com - November 11 at 11:07 AM
|TerraForm Power Reports Third Quarter 2017 Results|
finance.yahoo.com - November 9 at 7:45 PM
|TerraForm Power 2017 Third Quarter Conference Call and Webcast for Investors and Analysts|
finance.yahoo.com - November 9 at 2:41 PM
|TerraForm Power, Inc. breached its 50 day moving average in a Bearish Manner : TERP-US : October 31, 2017|
finance.yahoo.com - October 31 at 10:36 AM
|TerraForm Power, Inc. (TERP) Sees Significant Decrease in Short Interest|
www.americanbankingnews.com - October 27 at 1:26 AM
|TerraForm Power Has Transitioned To A New Shareholder Structure With The Potential For Higher Returns - Seeking Alpha|
seekingalpha.com - October 25 at 8:54 PM
|TerraForm Power Announces Proposed $300 million Secured Term Loan - GlobeNewswire (press release)|
globenewswire.com - October 25 at 3:51 PM
|[$$] SunEdison Preparing to Formally Exit Chapter 11|
finance.yahoo.com - October 24 at 11:02 AM
|TerraForm Power Announces Proposed $300 million Secured Term Loan|
finance.yahoo.com - October 24 at 11:02 AM
|Zacks: Brokerages Expect TerraForm Power, Inc. (TERP) Will Post Quarterly Sales of $159.84 Million|
www.americanbankingnews.com - October 24 at 6:36 AM
|TerraForm Power, Inc. (TERP) Stock Rating Reaffirmed by J P Morgan Chase & Co|
www.americanbankingnews.com - October 22 at 5:56 PM
|Zacks: Analysts Anticipate TerraForm Power, Inc. (TERP) to Post -$0.54 EPS|
www.americanbankingnews.com - October 22 at 4:24 PM
|TerraForm Power’s Investor Confidence Up On Improved Dividend Yield|
www.baystreet.ca - October 21 at 9:05 AM
|Form 4 TerraForm Power, Inc. For: Oct 16 Filed by: Deschler Sebastian|
www.streetinsider.com - October 19 at 9:40 AM
|TerraForm Power, Inc. breached its 50 day moving average in a Bullish Manner : TERP-US : October 19, 2017|
finance.yahoo.com - October 19 at 9:40 AM
|TERP Crosses Above Key Moving Average Level|
www.nasdaq.com - October 18 at 9:26 AM
|BRIEF-Terraform Power Operating enters new senior secured revolving credit facility |
www.reuters.com - October 18 at 9:26 AM
|ETFs with exposure to TerraForm Power, Inc. : October 16, 2017|
finance.yahoo.com - October 17 at 7:58 AM
|TerraForm Power Closes Merger and Sponsorship Transaction|
feeds.benzinga.com - October 16 at 7:39 PM
|TerraForm Power, Inc. (TERP) Rating Reiterated by Robert W. Baird|
www.americanbankingnews.com - October 14 at 10:12 PM
|TerraForm Power is Now Oversold (TERP)|
www.nasdaq.com - October 14 at 8:30 AM
|TerraForm Power Announces Stock Oversubscription in Merger Consideration Election |
finance.yahoo.com - October 14 at 8:30 AM
|TerraForm Power, Inc. (TERP) Major Shareholder Sells $8,093,750.00 in Stock|
www.americanbankingnews.com - October 10 at 7:16 PM
|TerraForm Power Inc (TERP) Rating Lowered to Sell at Zacks Investment Research|
www.americanbankingnews.com - October 7 at 6:44 PM
|ETFs with exposure to TerraForm Power, Inc. : October 5, 2017|
finance.yahoo.com - October 6 at 11:12 AM
|TerraForm Power, Inc. (TERP) Stock Rating Upgraded by TheStreet|
www.americanbankingnews.com - October 5 at 10:42 PM
|Q3 2017 EPS Estimates for TerraForm Power, Inc. Reduced by Analyst (TERP)|
www.americanbankingnews.com - October 5 at 5:40 AM
|TerraForm Power, Inc. (TERP) Receives Consensus Recommendation of "Hold" from Brokerages|
www.americanbankingnews.com - October 4 at 12:54 PM
|TerraForm Power, Inc. :TERP-US: Earnings Analysis: Q2, 2017 By the Numbers : October 4, 2017|
finance.yahoo.com - October 4 at 10:11 AM
|Edited Transcript of TERP earnings conference call or presentation 2-Oct-17 8:30pm GMT|
finance.yahoo.com - October 3 at 1:28 PM
|TerraForm Power Reports 2Q 2017 Financial Results and Files Form 10-Q - GlobeNewswire (press release)|
globenewswire.com - October 1 at 9:16 AM
|TerraForm Power posts 2Q profit|
finance.yahoo.com - September 30 at 1:57 PM
|TerraForm Power, Inc. (TERP) Scheduled to Post Quarterly Earnings on Monday|
www.americanbankingnews.com - September 28 at 8:12 PM
|Earnings Review and Free Research Report: TerraForm Power’s Q1 Results Outshined Forecasts|
finance.yahoo.com - September 19 at 8:22 AM
|Is TerraForm Power, Inc. a Buy?|
www.fool.com - September 18 at 7:30 PM
|TerraForm Power, Inc. (TERP) Given Consensus Recommendation of "Hold" by Brokerages|
www.americanbankingnews.com - September 9 at 11:46 AM
|ETFs with exposure to TerraForm Power, Inc. : September 7, 2017|
finance.yahoo.com - September 8 at 9:09 AM
|Oppenheimer Holdings Research Analysts Cut Earnings Estimates for TerraForm Power, Inc. (TERP)|
www.americanbankingnews.com - September 8 at 5:40 AM
|TerraForm Power, Inc. :TERP-US: Earnings Analysis: Q1, 2017 By the Numbers : September 5, 2017|
finance.yahoo.com - September 6 at 9:04 AM
|Edited Transcript of TERP earnings conference call or presentation 5-Sep-17 8:30pm GMT|
finance.yahoo.com - September 6 at 9:03 AM
|TerraForm Power's (TERP) Hold Rating Reaffirmed at Robert W. Baird|
www.americanbankingnews.com - September 3 at 1:26 PM
|TerraForm Power Reports 1Q 2017 Financial Results and Files Form 10-Q - GlobeNewswire (press release)|
globenewswire.com - August 30 at 10:05 AM
|TerraForm Power reports 1Q loss|
finance.yahoo.com - August 30 at 10:05 AM
|TerraForm Power (TERP) versus Comp En De Mn Cemig ADS (CIG) Financial Contrast|
www.americanbankingnews.com - August 26 at 4:30 PM
|Contrasting 8point3 Energy Partners (CAFD) & TerraForm Power (TERP)|
www.americanbankingnews.com - August 20 at 8:14 PM
|TerraForm Power, Inc. (TERP) Given Consensus Rating of "Hold" by Brokerages|
www.americanbankingnews.com - August 15 at 1:00 PM
Financials are not available for this stock.
TerraForm Power (NASDAQ TERP) Chart for Wednesday, November, 22, 2017