Asset Management One Co. Ltd. Sells 7,356 Shares of TerraForm Power, Inc. New (TERP)

Asset Management One Co. Ltd. reduced its position in shares of TerraForm Power, Inc. New (NASDAQ:TERP) by 28.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 18,357 shares of the solar energy provider’s stock after selling 7,356 shares during the quarter. Asset Management One Co. Ltd.’s holdings in TerraForm Power, Inc. New were worth $243,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in TERP. BNP Paribas Arbitrage SA grew its stake in shares of TerraForm Power, Inc. New by 450.5% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 10,779 shares of the solar energy provider’s stock valued at $129,000 after acquiring an additional 8,821 shares during the period. Timber Hill LLC bought a new position in shares of TerraForm Power, Inc. New during the 3rd quarter valued at approximately $146,000. Verition Fund Management LLC bought a new position in shares of TerraForm Power, Inc. New during the 2nd quarter valued at approximately $173,000. UBS Asset Management Americas Inc. grew its stake in shares of TerraForm Power, Inc. New by 1.2% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 27,138 shares of the solar energy provider’s stock valued at $326,000 after acquiring an additional 323 shares during the period. Finally, Tudor Investment Corp ET AL grew its stake in shares of TerraForm Power, Inc. New 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 acquiring an additional 15,588 shares during the period. Institutional investors and hedge funds own 47.02% of the company’s stock.

A number of research analysts recently issued reports on TERP shares. TheStreet downgraded TerraForm Power, Inc. New from a “c-” rating to a “d+” rating in a research note on Thursday, November 30th. Zacks Investment Research cut TerraForm Power, Inc. New from a “hold” rating to a “sell” rating in a report on Friday, October 6th. Robert W. Baird reissued a “hold” rating and issued a $13.00 price target on shares of TerraForm Power, Inc. New in a report on Friday, October 13th. J P Morgan Chase & Co reissued a “neutral” rating and issued a $13.00 price target on shares of TerraForm Power, Inc. New in a report on Thursday, October 19th. Finally, Goldman Sachs Group assumed coverage on TerraForm Power, Inc. New in a report on Monday, November 27th. They issued a “neutral” rating and a $13.00 price target on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $13.58.

In other news, major shareholder Brookfield Asset Management In sold 625,000 shares of the company’s stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $12.95, for a total transaction of $8,093,750.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 34.55% of the stock is currently owned by insiders.

TerraForm Power, Inc. New (NASDAQ TERP) opened at $11.51 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.08. TerraForm Power, Inc. New has a twelve month low of $10.93 and a twelve month high of $14.20. The company has a market capitalization of $1,636.27, a P/E ratio of -7.38 and a beta of 1.37.

TerraForm Power, Inc. New (NASDAQ:TERP) last posted its quarterly earnings results on Thursday, November 9th. The solar energy provider reported ($0.31) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.27) by ($0.04). TerraForm Power, Inc. New had a negative return on equity of 5.87% and a negative net margin of 21.83%. The business had revenue of $153.43 million during the quarter, compared to analysts’ expectations of $152.18 million. analysts anticipate that TerraForm Power, Inc. New will post -1.02 earnings per share for the current year.

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TerraForm Power, Inc. New 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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Institutional Ownership by Quarter for TerraForm Power, Inc. New (NASDAQ:TERP)

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