Finally Time To Buy Shares of TerraForm Power (NASDAQ:TERP)? Oppenheimer Has Upgraded The Company With a $10.0 Target


TerraForm Power (NASDAQ:TERP) Stock Upgrade

The rating of TerraForm Power (NASDAQ:TERP) shares have been increased by research professionals at Oppenheimer from their previous Perform rating to a solid Outperform via an analyst research report issued to clients on 1 December. Oppenheimer after the upgrade has a $10.0 target shares and their target would now indicate a possible upside of 44.93%.

From a total of 9 analysts covering Terraform Power Inc (NASDAQ:TERP) stock, 7 rate it a ”Buy”, 0 a “Sell”, and 4 a ”Hold”. This means that 64% of the ratings are positive. The highest target price is $40 while the lowest target price is $6. The mean of all analyst targets is $23.94 with a 199.88% above today’s ($8.29) stock price. Terraform Power Inc was the topic of 15 analyst reports since August 19, 2015 according to the firm StockzIntelligence Inc. UBS downgraded shares on November 25 to “Sell” rating. UBS downgraded shares to “Neutral” rating and $14 target share price in a report from a November 16. Zacks downgraded TERP stock in a recent report from September 22 to “Hold” rating. Finally, Bank of America reinitiated the stock with “Buy” rating in a report issued on a September 15.

Approximately 2.42M shares of stock traded hands. TerraForm Power Inc (NASDAQ:TERP) has declined 83.10% since April 28, 2015 and is downtrending. It has underperformed by 81.47% the S&P500.

TerraForm Power, Inc. , formerly SunEdison Yieldco, Inc., owns and operates contracted clean power generation assets. The company has a market cap of $1.20 billion. The Firm operates the power generation assets of SunEdison, Inc. and its consolidated subsidiaries (SunEdison), and third parties. It currently has negative earnings. It focuses on acquiring solar and wind generation assets serving utility, commercial and residential customers.

According to Zacks Investment Research, “TerraForm Power, Inc. is global renewable energy company. It operates clean power generation assets such as solar, wind, natural gas, geothermal and hydro-electricity. The Company owns and operates solar generation assets serving utility, commercial, and residential customers. TerraForm Power, Inc. is based in Beltsville, Maryland.” Get a free copy of the Zacks research report on TerraForm Power Inc (TERP)