TerraForm Power, Inc. (TERP) Stake Held by Nomura Holdings Inc.

Nomura Holdings Inc. maintained its position in TerraForm Power, Inc. (NASDAQ:TERP) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,036,740 shares of the solar energy provider’s stock at the close of the second quarter. TerraForm Power accounts for about 0.3% of Nomura Holdings Inc.’s holdings, making the stock its 26th largest holding. Nomura Holdings Inc. owned about 7.25% of TerraForm Power worth $108,375,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Aquamarine Capital Management LLC acquired a new position in TerraForm Power during the 2nd quarter valued at about $2,513,000. State Street Corp boosted its stake in TerraForm Power by 4.1% during the 2nd quarter. State Street Corp now owns 1,602,705 shares of the solar energy provider’s stock valued at $19,233,000 after purchasing an additional 63,271 shares during the last quarter. AHL Partners LLP acquired a new position in TerraForm Power during the 2nd quarter valued at about $411,000. Tudor Investment Corp ET AL boosted its stake in TerraForm Power by 110.5% during the 2nd quarter. Tudor Investment Corp ET AL now owns 29,690 shares of the solar energy provider’s stock valued at $356,000 after purchasing an additional 15,588 shares during the last quarter. Finally, Voya Investment Management LLC boosted its stake in TerraForm Power by 11.2% during the 2nd quarter. Voya Investment Management LLC now owns 39,966 shares of the solar energy provider’s stock valued at $480,000 after purchasing an additional 4,014 shares during the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Shares of TerraForm Power, Inc. (TERP) traded down 0.15% during trading on Tuesday, hitting $13.05. The stock had a trading volume of 207,864 shares. TerraForm Power, Inc. has a 52-week low of $10.99 and a 52-week high of $14.50. The stock has a 50 day moving average of $13.43 and a 200 day moving average of $12.65. The firm’s market cap is $1.63 billion.

TerraForm Power (NASDAQ:TERP) last posted its quarterly earnings results on Friday, July 21st. The solar energy provider reported ($0.94) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.31) by ($0.63). TerraForm Power had a negative net margin of 20.92% and a negative return on equity of 5.75%. The firm had revenue of $135.22 million for the quarter. On average, equities analysts anticipate that TerraForm Power, Inc. will post ($0.73) EPS for the current year.

A number of equities analysts have issued reports on TERP shares. Zacks Investment Research upgraded TerraForm Power from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Robert W. Baird restated a “hold” rating and issued a $13.00 target price on shares of TerraForm Power in a research note on Sunday, September 3rd. BidaskClub upgraded TerraForm Power from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Finally, TheStreet upgraded TerraForm Power from a “d” rating to a “c-” rating in a research note on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $12.90.

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TerraForm Power 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.

Institutional Ownership by Quarter for TerraForm Power (NASDAQ:TERP)

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