TerraForm Power, Inc. New (TERP) Position Increased by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. raised its position in TerraForm Power, Inc. New (NASDAQ:TERP) by 9.9% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 359,708 shares of the solar energy provider’s stock after purchasing an additional 32,337 shares during the period. Schwab Charles Investment Management Inc. owned 0.26% of TerraForm Power, Inc. New worth $4,756,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Parametric Portfolio Associates LLC lifted its holdings in TerraForm Power, Inc. New by 13.0% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 103,660 shares of the solar energy provider’s stock valued at $1,244,000 after purchasing an additional 11,938 shares in the last quarter. Vanguard Group Inc. lifted its holdings in TerraForm Power, Inc. New by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 7,330,136 shares of the solar energy provider’s stock valued at $87,961,000 after purchasing an additional 132,454 shares in the last quarter. State Street Corp lifted its holdings in TerraForm Power, Inc. New by 4.1% in 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 in the last quarter. AHL Partners LLP purchased a new position in TerraForm Power, Inc. New in the 2nd quarter valued at $411,000. Finally, Aquamarine Capital Management LLC purchased a new position in TerraForm Power, Inc. New in the 2nd quarter valued at $2,513,000. Institutional investors own 47.01% of the company’s stock.

Shares of TerraForm Power, Inc. New (NASDAQ:TERP) opened at $11.14 on Thursday. TerraForm Power, Inc. New has a 52 week low of $10.93 and a 52 week high of $14.20. The stock has a market capitalization of $1,588.89, a price-to-earnings ratio of -7.14 and a beta of 1.37. 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 (NASDAQ:TERP) last issued its earnings results on Thursday, November 9th. The solar energy provider reported ($0.31) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.04). The company had revenue of $153.43 million during the quarter, compared to analyst estimates of $152.18 million. TerraForm Power, Inc. New had a negative return on equity of 5.87% and a negative net margin of 21.83%. sell-side analysts anticipate that TerraForm Power, Inc. New will post -1.02 earnings per share for the current fiscal year.

A number of research analysts have weighed in on the company. Zacks Investment Research upgraded TerraForm Power, Inc. New from a “sell” rating to a “hold” rating in a report on Tuesday, October 24th. TheStreet upgraded TerraForm Power, Inc. New from a “d” rating to a “c-” rating in a report on Monday, October 2nd. 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 objective on the stock. JPMorgan Chase & Co. restated a “neutral” rating and issued a $13.00 price objective on shares of TerraForm Power, Inc. New in a report on Thursday, October 19th. Finally, Bank of America assumed coverage on TerraForm Power, Inc. New in a research note on Tuesday, October 24th. They issued an “underperform” rating and a $11.00 target price for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $13.58.

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TerraForm Power, Inc. New 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.

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

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