Press coverage about TerraForm Power, Inc. New (NASDAQ:TERP) has been trending somewhat positive recently, according to Accern. The research firm identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. TerraForm Power, Inc. New earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned news articles about the solar energy provider an impact score of 44.7881553150479 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Shares of TerraForm Power, Inc. New (NASDAQ TERP) opened at $11.43 on Friday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.84 and a current ratio of 0.84. TerraForm Power, Inc. New has a 52 week low of $10.93 and a 52 week high of $14.20. The company has a market capitalization of $1,629.67, a price-to-earnings ratio of -7.33 and a beta of 1.37.
TerraForm Power, Inc. New (NASDAQ:TERP) last issued its earnings results on Thursday, November 9th. The solar energy provider reported ($0.31) EPS for the quarter, missing the consensus estimate of ($0.27) by ($0.04). TerraForm Power, Inc. New had a negative net margin of 21.83% and a negative return on equity of 5.87%. The business had revenue of $153.43 million for the quarter, compared to analysts’ expectations of $152.18 million. equities research analysts anticipate that TerraForm Power, Inc. New will post -1.02 earnings per share for the current year.
A number of research firms recently weighed in on TERP. Zacks Investment Research raised TerraForm Power, Inc. New from a “sell” rating to a “hold” rating in a research report on Friday, September 29th. Robert W. Baird reiterated a “hold” rating and set a $13.00 target price on shares of TerraForm Power, Inc. New in a research note on Friday, October 13th. Bank of America began coverage on TerraForm Power, Inc. New in a research note on Tuesday, October 24th. They set an “underperform” rating and a $11.00 target price on the stock. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $13.00 target price on shares of TerraForm Power, Inc. New in a research note on Thursday, October 19th. Finally, TheStreet upgraded TerraForm Power, Inc. New from a “d” rating to a “c-” rating in a research note on Monday, October 2nd. One research 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 company presently has a consensus rating of “Hold” and a consensus price target of $13.58.
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About TerraForm Power, Inc. New
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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