California Public Employees Retirement System held its position in TerraForm Power, Inc. (NASDAQ:TERP) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 135,300 shares of the solar energy provider’s stock at the close of the 2nd quarter. California Public Employees Retirement System owned about 0.11% of TerraForm Power worth $1,624,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in TerraForm Power by 1.8% in the second quarter. Vanguard Group Inc. now owns 7,330,136 shares of the solar energy provider’s stock valued at $87,961,000 after acquiring an additional 132,454 shares during the period. UBS Asset Management Americas Inc. lifted its holdings in TerraForm Power by 1.2% in the second quarter. UBS Asset Management Americas Inc. now owns 27,138 shares of the solar energy provider’s stock valued at $326,000 after acquiring an additional 323 shares during the period. Baillie Gifford & Co. lifted its holdings in TerraForm Power by 7.3% in the second quarter. Baillie Gifford & Co. now owns 1,764,812 shares of the solar energy provider’s stock valued at $21,178,000 after acquiring an additional 120,329 shares during the period. Alliancebernstein L.P. raised its stake in shares of TerraForm Power by 1.8% during the 2nd quarter. Alliancebernstein L.P. now owns 110,700 shares of the solar energy provider’s stock worth $1,328,000 after buying an additional 2,000 shares during the last quarter. Finally, Swiss National Bank raised its stake in shares of TerraForm Power by 9.4% during the 2nd quarter. Swiss National Bank now owns 98,650 shares of the solar energy provider’s stock worth $1,184,000 after buying an additional 8,500 shares during the last quarter. 54.47% of the stock is owned by institutional investors.

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TerraForm Power, Inc. (TERP) opened at $12.96 on Monday. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.54 and a quick ratio of 0.54.

TERP has been the subject of several research reports. BidaskClub raised TerraForm Power from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Zacks Investment Research raised TerraForm Power from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a research note on Friday, July 28th. TheStreet raised TerraForm Power from a “d” rating to a “c-” rating in a research note on Monday, October 2nd. Robert W. Baird reaffirmed a “hold” rating and set a $13.00 price target on shares of TerraForm Power in a research note on Sunday, September 3rd. Finally, J P Morgan Chase & Co reaffirmed a “neutral” rating and set a $13.00 price target on shares of TerraForm Power in a research note on Thursday, October 19th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. TerraForm Power presently has a consensus rating of “Hold” and an average price target of $13.70.

In related news, major shareholder Brookfield Asset Management In sold 625,000 shares of TerraForm Power stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $12.95, for a total transaction of $8,093,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 34.55% of the company’s stock.

TerraForm Power 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 (NASDAQ:TERP)

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