KBC Group NV increased its holdings in shares of TerraForm Power, Inc. New (NASDAQ:TERP) by 63.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,892 shares of the solar energy provider’s stock after acquiring an additional 10,424 shares during the quarter. KBC Group NV’s holdings in TerraForm Power, Inc. New were worth $356,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of TERP. BNP Paribas Arbitrage SA increased its holdings in shares of TerraForm Power, Inc. New by 450.5% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 10,779 shares of the solar energy provider’s stock worth $129,000 after acquiring an additional 8,821 shares during the last quarter. Timber Hill LLC acquired a new position in TerraForm Power, Inc. New in the 3rd quarter valued at $146,000. Verition Fund Management LLC acquired a new position in TerraForm Power, Inc. New in the 2nd quarter valued at $173,000. LMR Partners LLP acquired a new position in TerraForm Power, Inc. New in the 2nd quarter valued at $233,000. Finally, UBS Asset Management Americas Inc. grew its holdings in TerraForm Power, Inc. New by 1.2% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 27,138 shares of the solar energy provider’s stock valued at $326,000 after buying an additional 323 shares in the last quarter. 47.02% of the stock is currently owned by institutional investors and hedge funds.

Shares of TerraForm Power, Inc. New (NASDAQ TERP) opened at $12.01 on Friday. TerraForm Power, Inc. New has a 1-year low of $10.93 and a 1-year high of $14.20. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.84 and a current ratio of 0.84.

TerraForm Power, Inc. New (NASDAQ:TERP) last released its earnings results on Thursday, November 9th. The solar energy provider reported ($0.31) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.27) by ($0.04). The company had revenue of $153.43 million for the quarter, compared to analyst estimates of $152.18 million. TerraForm Power, Inc. New had a negative return on equity of 5.87% and a negative net margin of 21.83%. sell-side analysts anticipate that TerraForm Power, Inc. New will post -1.02 earnings per share for the current year.

In other news, major shareholder Brookfield Asset Management In sold 625,000 shares of the stock in a transaction on 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 document filed with the SEC, which is available through the SEC website. Corporate insiders own 34.55% of the company’s stock.

A number of brokerages have commented on TERP. Zacks Investment Research raised TerraForm Power, Inc. New from a “sell” rating to a “hold” rating in a report on Tuesday, October 24th. TheStreet raised TerraForm Power, Inc. New from a “d” rating to a “c-” rating in a report on Monday, October 2nd. Goldman Sachs Group began coverage on TerraForm Power, Inc. New in a report on Monday, November 27th. They issued a “neutral” rating and a $13.00 price objective on the stock. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a $13.00 price objective on shares of TerraForm Power, Inc. New in a report on Thursday, October 19th. Finally, Bank of America began coverage on TerraForm Power, Inc. New in a report on Tuesday, October 24th. They issued an “underperform” rating and a $11.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. TerraForm Power, Inc. New currently has a consensus rating of “Hold” and an average target price of $13.58.

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TerraForm Power, Inc. New 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, Inc. New (NASDAQ:TERP)

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