Wells Fargo & Company MN lifted its holdings in TerraForm Power, Inc. (NASDAQ:TERP) by 0.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,685 shares of the solar energy provider’s stock after purchasing an additional 1 shares during the period. Wells Fargo & Company MN owned about 0.05% of TerraForm Power worth $752,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. BNP Paribas Arbitrage SA increased its stake in shares of TerraForm Power by 450.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 10,779 shares of the solar energy provider’s stock valued at $129,000 after purchasing an additional 8,821 shares in the last quarter. SG Americas Securities LLC boosted its holdings in TerraForm Power by 0.6% in the 1st 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 during the last quarter. LMR Partners LLP acquired a new stake in TerraForm Power in the 2nd quarter worth about $233,000. UBS Asset Management Americas Inc. boosted its holdings in TerraForm Power by 71.3% in the 1st quarter. UBS Asset Management Americas Inc. now owns 26,815 shares of the solar energy provider’s stock worth $332,000 after buying an additional 11,161 shares during the last quarter. Finally, Legal & General Group Plc boosted its holdings in TerraForm Power by 17.7% in the 1st quarter. Legal & General Group Plc now owns 33,047 shares of the solar energy provider’s stock worth $408,000 after buying an additional 4,979 shares during the last quarter. Hedge funds and other institutional investors own 54.47% of the company’s stock.

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Shares of TerraForm Power, Inc. (NASDAQ TERP) opened at $12.95 on Wednesday. TerraForm Power, Inc. has a twelve month low of $11.98 and a twelve month high of $14.20. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.78.

Several equities research analysts recently issued reports on TERP shares. Zacks Investment Research cut TerraForm Power from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. BidaskClub upgraded TerraForm Power from a “hold” rating to a “buy” rating in a report on Monday, July 31st. Robert W. Baird reiterated a “hold” rating and issued a $13.00 price objective on shares of TerraForm Power in a report on Sunday, September 3rd. Finally, TheStreet upgraded TerraForm Power from a “d” rating to a “c-” rating in a report on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $13.70.

In other news, major shareholder Brookfield Asset Management In sold 625,000 shares of the business’s stock in a transaction that occurred 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 34.55% of the company’s stock.

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

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