New York: TerraForm Power (NASDAQ:TERP) Stock Has Just Had Its “Sell” Rating Reiterated by UBS. Shares now Have a $9 Target


TerraForm Power (NASDAQ:TERP) Rating Reaffirmed

UBS now has a $9 target price per share on shares of TerraForm Power (NASDAQ:TERP). The target price per share provides a potential downside of -29.80% from the previous close of TerraForm Power (NASDAQ:TERP). This rating was revealed in a recent report on Friday, 18 December.

From a total of 10 analysts covering Terraform Power Inc (NASDAQ:TERP) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN 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 $21.3 with a 79.41% above today’s ($12.82) stock price. Terraform Power Inc was the topic of 16 analyst reports since August 19, 2015 according to the firm StockzIntelligence Inc. Oppenheimer upgraded shares on December 1 to “Outperform” rating. UBS downgraded shares to “Neutral” rating and $14 target share price in a report from a November 16. JP Morgan maintained TERP stock in a recent report from September 29 with “Overweight” rating. Bank of America reinitiated the rating on September 15. Bank of America has a “Buy” rating and a $29 price target on shares. Finally, Barclays Capital maintained the stock with “Buy” rating in a report issued on a September 21.

The stock increased 3.47% or $0.43 during the last trading session, striking $12.82. Approximately 10.38 million shares of stock traded hands or 23.87% up from the average. TerraForm Power Inc (NASDAQ:TERP) has declined 67.99% since May 15, 2015 and is downtrending. It has underperformed by 64.18% 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 $1.74 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.”