TerraForm Power Company Profile (NASDAQ:TERP)

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

TerraForm Power, Inc. (NASDAQ:TERP) posted its earnings results on Friday, July, 21st. The company reported ($0.94) EPS for the quarter, missing the Thomson Reuters' consensus estimate of ($0.31) by $0.63. The business had revenue of $135.22 million for the quarter. TerraForm Power had a negative return on equity of 5.75% and a negative net margin of 20.92%. View TerraForm Power's Earnings History.

3 brokerages have issued 12 month target prices for TerraForm Power's shares. Their predictions range from $13.00 to $13.00. On average, they expect TerraForm Power's stock price to reach $13.00 in the next twelve months. 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. " (10/6/2017)
• 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 Companhia Paranaense de Energia (COPEL) (ELP), MGE Energy (MGEE), El Paso Electric Company (EE), TransAlta (TA), Atlantica Yield PLC (ABY), California Water Service Group Holding (CWT), Pattern Energy Group (PEGI), American States Water Company (AWR), Shenandoah Telecommunications Co (SHEN), Northwest Natural Gas Company (NWN), Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (EDN), Otter Tail Corporation (OTTR), TransAlta Corporation (TAC), Innergex Renewable Energy (INE), Consolidated Communications Holdings (CNSL), SJW Corporation (SJW), Chesapeake Utilities Corporation (CPK) and Dynegy (DYN).

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
• Sebastian Deschler, Senior Vice President, General Counsel, Secretary
• 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. (51.00%), BROOKFIELD ASSET MANAGEMENT INC. (100.00%), APPALOOSA INVESTMENT LIMITED PARTNERSHIP I (3.56%) and MERCED CAPITAL, L.P. (5.10%). Company insiders that own TerraForm Power stock include Brookfield Asset Management In and Montenvers Master Bluemountain. View Institutional Ownership Trends 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 $13.55.