Swiss National Bank continued to hold its stake in TerraForm Power Inc. (NASDAQ:TERP) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 81,550 shares of the company’s stock at the end of the second quarter. Swiss National Bank owned approximately 0.07% of TerraForm Power worth $889,000 as of its most recent filing with the SEC.
Other hedge funds have also bought and sold shares of the company. Prudential Financial Inc. acquired a new stake in TerraForm Power during the first quarter worth about $1,697,000. Howard Hughes Medical Institute acquired a new stake in TerraForm Power during the first quarter worth about $157,000. Brookfield Asset Management Inc. acquired a new stake in TerraForm Power during the first quarter worth about $6,920,000. Menta Capital LLC boosted its stake in TerraForm Power by 79.4% in the first quarter. Menta Capital LLC now owns 60,820 shares of the company’s stock worth $526,000 after buying an additional 26,920 shares during the last quarter. Finally, William Harris Investors Inc. acquired a new stake in TerraForm Power during the first quarter worth about $164,000. 93.24% of the stock is owned by institutional investors and hedge funds.
TerraForm Power Inc. (NASDAQ:TERP) traded down 5.42% during midday trading on Friday, hitting $13.60. The stock had a trading volume of 689,294 shares. TerraForm Power Inc. has a 1-year low of $6.73 and a 1-year high of $20.12. The stock’s market capitalization is $1.69 billion. The stock’s 50-day moving average is $13.15 and its 200-day moving average is $10.85.
TERP has been the subject of a number of research reports. Zacks Investment Research raised TerraForm Power from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 16th. Avondale Partners raised shares of TerraForm Power from a “market perform” rating to an “outperform” rating and set a $15.00 price target for the company in a research note on Wednesday, June 29th. Oppenheimer Holdings Inc. reaffirmed a “market perform” rating on shares of TerraForm Power in a research note on Wednesday, July 27th. Finally, Robert W. Baird set a $13.00 price target on shares of TerraForm Power and gave the stock a “neutral” rating in a research note on Friday, September 23rd. Eight investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $13.89.
TerraForm Power Company Profile
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