TerraForm Power (TERP) Given Media Impact Rating of 0.44

News coverage about TerraForm Power (NASDAQ:TERP) has trended positive recently, according to Accern Sentiment. The research group identifies negative and positive news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. TerraForm Power earned a news impact score of 0.44 on Accern’s scale. Accern also assigned media coverage about the solar energy provider an impact score of 0 out of 100, indicating that recent news coverage is extremely unlikely to have an effect on the company’s share price in the near term.

These are some of the news headlines that may have impacted Accern Sentiment’s rankings:

Shares of TerraForm Power (TERP) traded down 0.86% during midday trading on Friday, hitting $12.61. The stock had a trading volume of 175,746 shares. The company’s market cap is $1.57 billion. The stock’s 50-day moving average price is $12.43 and its 200 day moving average price is $12.18. TerraForm Power has a 52 week low of $10.99 and a 52 week high of $14.69.

TerraForm Power (NASDAQ:TERP) last released its quarterly earnings data on Friday, July 21st. The solar energy provider 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 during the quarter. TerraForm Power had a negative return on equity of 4.59% and a negative net margin of 19.84%. On average, equities analysts forecast that TerraForm Power will post ($1.02) earnings per share for the current year.

Several research firms have issued reports on TERP. BidaskClub raised TerraForm Power from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Zacks Investment Research raised TerraForm Power from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $12.90.

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TerraForm Power 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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