Press coverage about TerraForm Power (NASDAQ:TERP) has been trending somewhat positive this week, Accern reports. Accern identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. TerraForm Power earned a media sentiment score of 0.07 on Accern’s scale. Accern also gave media coverage about the solar energy provider an impact score of 47.1838951836604 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
- TerraForm Power, Inc. (NASDAQ:TERP) Experiences Heavier than Average Trading Volume – First News 24 (firstnewspaper24.com)
- Qorvo, Inc. (QRVO)- Ownerships of Stocks Is At Diverse Levels: TerraForm Power, Inc. (TERP) – Wallstreet Investorplace (wallstreetinvestorplace.com)
- TerraForm Power, Inc. (NASDAQ:TERP): Stochastic Analysis – The Oracle Examiner (oracleexaminer.com)
- TERRAFORM POWER, INC. : Submission of Matters to a Vote of Security Holders, Other Events, Financial Statements and Exhibits (form 8-K) (4-traders.com)
- TerraForm Power, Inc. (TERP) Major Shareholder Sells $8,093,750.00 in Stock (americanbankingnews.com)
Shares of TerraForm Power (NASDAQ TERP) traded down 1.30% during trading on Wednesday, reaching $12.88. 372,897 shares of the company were exchanged. The firm has a 50-day moving average price of $13.42 and a 200-day moving average price of $12.65. TerraForm Power has a 1-year low of $10.99 and a 1-year high of $14.50. The stock’s market capitalization is $1.60 billion.
TerraForm Power (NASDAQ:TERP) last released its quarterly earnings data on Friday, July 21st. The solar energy provider reported ($0.94) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.31) by ($0.63). The firm had revenue of $135.22 million for the quarter. TerraForm Power had a negative return on equity of 5.75% and a negative net margin of 20.92%. Equities research analysts predict that TerraForm Power will post ($0.73) earnings per share for the current fiscal year.
A number of equities analysts recently commented on TERP shares. BidaskClub raised shares of TerraForm Power from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Zacks Investment Research raised shares of TerraForm Power from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research note on Friday, July 28th. TheStreet raised shares of TerraForm Power from a “d” rating to a “c-” rating in a research note on Monday, October 2nd. Finally, Robert W. Baird reissued a “hold” rating and issued a $13.00 price objective on shares of TerraForm Power in a research note on Sunday, September 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $12.88.
In other news, major shareholder Brookfield Asset Management In sold 625,000 shares of TerraForm Power stock in a transaction on Monday, October 9th. The shares were sold at an average price of $12.95, for a total transaction of $8,093,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 34.55% of the stock is currently owned by insiders.
About TerraForm Power
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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