Aperio Group LLC reduced its stake in shares of TerraForm Power, Inc. (NASDAQ:TERP) by 8.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,539 shares of the solar energy provider’s stock after selling 2,757 shares during the period. Aperio Group LLC’s holdings in TerraForm Power were worth $342,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Eventide Asset Management LLC bought a new position in TerraForm Power during the first quarter valued at approximately $136,000. Nomura Holdings Inc. raised its position in TerraForm Power by 1.1% in the first quarter. Nomura Holdings Inc. now owns 9,036,740 shares of the solar energy provider’s stock valued at $111,439,000 after buying an additional 100,000 shares during the period. Schwab Charles Investment Management Inc. raised its position in TerraForm Power by 5.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 325,392 shares of the solar energy provider’s stock valued at $4,026,000 after buying an additional 16,515 shares during the period. Morgan Stanley raised its position in TerraForm Power by 3.4% in the first quarter. Morgan Stanley now owns 3,124,921 shares of the solar energy provider’s stock valued at $38,656,000 after buying an additional 103,906 shares during the period. Finally, Geode Capital Management LLC raised its position in TerraForm Power by 10.4% in the first quarter. Geode Capital Management LLC now owns 650,708 shares of the solar energy provider’s stock valued at $8,049,000 after buying an additional 61,491 shares during the period. 80.85% of the stock is currently owned by institutional investors.

Shares of TerraForm Power, Inc. (NASDAQ TERP) traded up 1.23% during mid-day trading on Thursday, hitting $13.96. The stock had a trading volume of 643,101 shares. The company’s market cap is $1.74 billion. TerraForm Power, Inc. has a one year low of $10.99 and a one year high of $14.69. The firm’s 50 day moving average price is $12.79 and its 200-day moving average price is $12.30.

TerraForm Power (NASDAQ:TERP) last released its quarterly earnings results on Friday, July 21st. The solar energy provider reported ($0.94) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.31) by $0.63. TerraForm Power had a negative net margin of 19.84% and a negative return on equity of 4.59%. The company had revenue of $135.22 million for the quarter. On average, equities research analysts anticipate that TerraForm Power, Inc. will post ($0.81) earnings per share for the current fiscal year.

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Several research analysts have commented on the company. Zacks Investment Research lowered TerraForm Power from a “buy” rating to a “strong sell” rating in a research report on Saturday, August 5th. BidaskClub raised TerraForm Power from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $12.90.

About TerraForm Power

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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Institutional Ownership by Quarter for TerraForm Power (NASDAQ:TERP)

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