Equities research analysts expect TerraForm Power, Inc. (NASDAQ:TERP) to report sales of $158.94 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for TerraForm Power’s earnings. The highest sales estimate is $170.30 million and the lowest is $147.57 million. TerraForm Power posted sales of $187.30 million in the same quarter last year, which suggests a negative year over year growth rate of 15.1%. The firm is expected to issue its next earnings report on Tuesday, February 6th.

According to Zacks, analysts expect that TerraForm Power will report full-year sales of $158.94 million for the current year, with estimates ranging from $599.64 million to $640.00 million. For the next financial year, analysts expect that the business will report sales of $626.30 million per share. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover TerraForm Power.

TerraForm Power (NASDAQ:TERP) last posted its quarterly earnings results on Friday, July 21st. The solar energy provider reported ($0.94) earnings per share (EPS) for the quarter, missing the 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 company had revenue of $135.22 million for the quarter.

A number of brokerages have issued reports on TERP. Zacks Investment Research downgraded TerraForm Power from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. BidaskClub upgraded TerraForm Power from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $12.90.

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TerraForm Power (NASDAQ:TERP) traded down 0.71% during trading on Friday, reaching $12.63. The company had a trading volume of 121,892 shares. The firm’s 50 day moving average is $12.43 and its 200 day moving average is $12.18. The company’s market capitalization is $1.57 billion. TerraForm Power has a one year low of $10.99 and a one year high of $14.69.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Northeast Financial Consultants Inc acquired a new position in TerraForm Power during the first quarter worth approximately $123,000. BNP Paribas Arbitrage SA boosted its position in TerraForm Power by 450.5% in the second quarter. BNP Paribas Arbitrage SA now owns 10,779 shares of the solar energy provider’s stock worth $129,000 after buying an additional 8,821 shares in the last quarter. SG Americas Securities LLC boosted its position in TerraForm Power by 0.6% in the first quarter. SG Americas Securities LLC now owns 10,808 shares of the solar energy provider’s stock worth $134,000 after buying an additional 69 shares in the last quarter. Eventide Asset Management LLC acquired a new position in TerraForm Power during the first quarter worth approximately $136,000. Finally, LMR Partners LLP acquired a new position in TerraForm Power during the second quarter worth approximately $233,000. 81.88% of the stock is currently owned by hedge funds and other institutional investors.

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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