Favorable News Coverage Somewhat Unlikely to Impact TerraForm Power (TERP) Share Price
Headlines about TerraForm Power (NASDAQ:TERP) have been trending positive this week, according to Accern Sentiment. The research firm identifies negative and positive media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. TerraForm Power earned a daily sentiment score of 0.27 on Accern’s scale. Accern also gave news coverage about the solar energy provider an impact score of 46.1584646250127 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news articles that may have effected Accern’s rankings:
- TerraForm Power (TERP) Reports Receipt of Nasdaq Letter; Not Yet Filing Form 10-Q Serves as Additional Basis for Delisiting (streetinsider.com)
- TerraForm Power Operating, LLC Announces Completion of Consent Solicitation (finance.yahoo.com)
- Analysts Anticipate TerraForm Power, Inc. (NASDAQ:TERP) Will Announce Quarterly Sales of $158.94 Million (americanbankingnews.com)
- TerraForm Global (GLBL) vs. TerraForm Power (NASDAQ:TERP) Head to Head Analysis (americanbankingnews.com)
- Zacks: Analysts Expect TerraForm Power, Inc. (NASDAQ:TERP) Will Announce Earnings of -$0.21 Per Share (americanbankingnews.com)
Shares of TerraForm Power (TERP) traded down 0.86% during mid-day trading on Friday, hitting $12.61. 175,746 shares of the stock traded hands. The company’s market cap is $1.57 billion. TerraForm Power has a one year low of $10.99 and a one year high of $14.69. The stock has a 50 day moving average price of $12.45 and a 200-day moving average price of $12.19.
TerraForm Power (NASDAQ:TERP) last issued its earnings results on Friday, July 21st. The solar energy provider reported ($0.94) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.31) by $0.63. TerraForm Power had a negative return on equity of 4.59% and a negative net margin of 19.84%. The firm had revenue of $135.22 million for the quarter. On average, analysts forecast that TerraForm Power will post ($1.02) earnings per share for the current fiscal year.
TERP has been the topic of a number of recent analyst reports. Zacks Investment Research cut shares of TerraForm Power from a “buy” rating to a “strong sell” rating in a research report on Saturday, August 5th. BidaskClub raised shares of TerraForm Power from a “sell” rating to a “hold” rating in a research report on Friday, June 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $12.90.
TerraForm Power Company 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.
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