Media coverage about TerraForm Power, Inc. New (NASDAQ:TERP) has trended somewhat positive this week, according to Accern Sentiment. The research group ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. TerraForm Power, Inc. New earned a news impact score of 0.15 on Accern’s scale. Accern also assigned news stories about the solar energy provider an impact score of 45.41912898373 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news stories that may have effected Accern’s scoring:
- TerraForm Power, Inc. New (TERP) Expected to Announce Quarterly Sales of $122.56 Million (americanbankingnews.com)
- TerraForm Power, Inc. New (TERP) Receives Average Rating of “Hold” from Analysts (americanbankingnews.com)
- TerraForm Power, Inc. (NASDAQ: TERP) – Stock’s Technical Analysis – Alpha Beta Stock (alphabetastock.com)
- Zacks: Analysts Expect TerraForm Power, Inc. New (TERP) Will Announce Earnings of -$0.49 Per Share (americanbankingnews.com)
A number of equities research analysts have recently issued reports on TERP shares. TheStreet raised shares of TerraForm Power, Inc. New from a “d” rating to a “c-” rating in a report on Monday, October 2nd. Zacks Investment Research raised shares of TerraForm Power, Inc. New from a “sell” rating to a “hold” rating in a report on Friday, September 29th. Robert W. Baird reaffirmed a “hold” rating and issued a $13.00 target price on shares of TerraForm Power, Inc. New in a report on Sunday, September 3rd. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a $13.00 target price on shares of TerraForm Power, Inc. New in a report on Thursday, October 19th. Finally, Goldman Sachs Group started coverage on shares of TerraForm Power, Inc. New in a report on Monday, November 27th. They issued a “neutral” rating and a $13.00 target price on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $13.58.
TerraForm Power, Inc. New (NASDAQ:TERP) last released its quarterly earnings results on Thursday, November 9th. The solar energy provider reported ($0.31) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.27) by ($0.04). The company had revenue of $153.43 million during the quarter, compared to the consensus estimate of $152.18 million. TerraForm Power, Inc. New had a negative net margin of 21.83% and a negative return on equity of 5.87%. research analysts expect that TerraForm Power, Inc. New will post -1.02 EPS for the current year.
In other TerraForm Power, Inc. New news, major shareholder Brookfield Asset Management In sold 625,000 shares of the stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $12.95, for a total value of $8,093,750.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 34.55% of the stock is owned by corporate insiders.
TerraForm Power, Inc. New Company Profile
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.
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