TerraForm Power, Inc. New (TERP) Upgraded to Sell by BidaskClub

BidaskClub upgraded shares of TerraForm Power, Inc. New (NASDAQ:TERP) from a strong sell rating to a sell rating in a report published on Saturday morning.

A number of other brokerages have also recently weighed in on TERP. Goldman Sachs assumed coverage on TerraForm Power, Inc. New in a research report on Monday, November 27th. They issued a neutral rating and a $13.00 price target for the company. TheStreet lowered TerraForm Power, Inc. New from a c- rating to a d+ rating in a research note on Thursday, November 30th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $14.00.

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TERP stock opened at $10.68 on Friday. TerraForm Power, Inc. New has a 52-week low of $10.02 and a 52-week high of $14.20. The firm has a market capitalization of $1,581.56, a price-to-earnings ratio of -7.42 and a beta of 0.99. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.66 and a quick ratio of 0.66.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Wednesday, February 28th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 7.12%. The ex-dividend date of this dividend is Tuesday, February 27th. TerraForm Power, Inc. New’s payout ratio is currently -52.78%.

In related news, CEO John Stinebaugh acquired 8,100 shares of the firm’s stock in a transaction that occurred on Friday, November 30th. The shares were acquired at an average price of $12.42 per share, with a total value of $100,602.00. Following the completion of the purchase, the chief executive officer now directly owns 8,100 shares in the company, valued at $100,602. The purchase was disclosed in a document filed with the SEC, which is available through this link. 34.55% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of TERP. Teacher Retirement System of Texas acquired a new stake in shares of TerraForm Power, Inc. New during the fourth quarter valued at $151,000. Fox Run Management L.L.C. acquired a new stake in TerraForm Power, Inc. New in the 4th quarter worth about $174,000. Shelton Capital Management acquired a new stake in TerraForm Power, Inc. New in the 4th quarter worth about $179,000. MetLife Investment Advisors LLC acquired a new stake in TerraForm Power, Inc. New in the 4th quarter worth about $249,000. Finally, Kayne Anderson Capital Advisors LP acquired a new stake in TerraForm Power, Inc. New in the 4th quarter worth about $308,000. 43.91% of the stock is currently owned by institutional investors and hedge funds.

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About TerraForm Power, Inc. New

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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