Terraform Power Class A New (NASDAQ:TERP) on Focus After Report of More Shorts

January 20, 2018 - By Richard Conner

 Terraform Power Class A New (NASDAQ:TERP) on Focus After Report of More Shorts

The stock of Terraform Power Class A New (NASDAQ:TERP) registered an increase of 13.21% in short interest. TERP’s total short interest was 6.29 million shares in January as published by FINRA. Its up 13.21% from 5.55 million shares, reported previously. With 378,400 shares average volume, it will take short sellers 17 days to cover their TERP’s short positions. The short interest to Terraform Power Class A New’s float is 10.13%.

The stock decreased 0.45% or $0.05 during the last trading session, reaching $10.96. About 286,381 shares traded. TerraForm Power, Inc. (NASDAQ:TERP) has risen 31.65% since January 20, 2017 and is uptrending. It has outperformed by 14.95% the S&P500.

TerraForm Power, Inc., together with its subsidiaries, owns and operates clean power generation assets serving utility and commercial customers. The company has market cap of $2.15 billion. As of June 30, 2017, its portfolio consisted of solar and wind projects located in the United States, Canada, the United Kingdom, and Chile with a combined nameplate capacity of 2,606.7 megawatts. It currently has negative earnings. The firm was formerly known as SunEdison Yieldco, Inc. and changed its name to TerraForm Power, Inc. in May 2014.

TerraForm Power, Inc. (NASDAQ:TERP) Ratings Coverage

Among 12 analysts covering Terraform Power Inc (NASDAQ:TERP), 4 have Buy rating, 1 Sell and 7 Hold. Therefore 33% are positive. Terraform Power Inc had 32 analyst reports since August 19, 2015 according to SRatingsIntel. Oppenheimer upgraded the stock to “Outperform” rating in Tuesday, December 1 report. The rating was downgraded by UBS to “Sell” on Wednesday, November 25. The rating was downgraded by Zacks on Tuesday, September 22 to “Hold”. The company was downgraded on Wednesday, March 30 by JP Morgan. The company was downgraded on Wednesday, July 27 by Oppenheimer. As per Monday, May 2, the company rating was maintained by Goldman Sachs. The rating was upgraded by UBS to “Neutral” on Tuesday, February 14. The company was downgraded on Wednesday, August 26 by Zacks. Avondale upgraded the stock to “Market Outperform” rating in Wednesday, June 29 report. The stock of TerraForm Power, Inc. (NASDAQ:TERP) has “Buy” rating given on Tuesday, September 15 by Bank of America.

More recent TerraForm Power, Inc. (NASDAQ:TERP) news were published by: Bloomberg.com which released: “Offshoot of Fallen Clean Energy Giant Takes It Slow” on January 12, 2018. Also Fool.com published the news titled: “Will 2018 Be TerraForm Power, Inc’s Best Year Yet?” on December 30, 2017. Fool.com‘s news article titled: “Why I Love TerraForm Power, Inc.” with publication date: September 07, 2017 was also an interesting one.

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