Tudor Investment Corp ET AL Has $356,000 Stake in TerraForm Power, Inc. (TERP)
Tudor Investment Corp ET AL lifted its position in TerraForm Power, Inc. (NASDAQ:TERP) by 110.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 29,690 shares of the solar energy provider’s stock after buying an additional 15,588 shares during the period. Tudor Investment Corp ET AL’s holdings in TerraForm Power were worth $356,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. BNP Paribas Arbitrage SA lifted its stake in shares of 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 lifted its stake in shares of 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 bought a new position in shares of TerraForm Power in the first quarter worth approximately $136,000. LMR Partners LLP bought a new position in shares of TerraForm Power in the second quarter worth approximately $233,000. Finally, UBS Asset Management Americas Inc. lifted its stake in shares of TerraForm Power by 71.3% in the first 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 in the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.
Several research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of TerraForm Power from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research note on Friday, July 28th. TheStreet upgraded shares of TerraForm Power from a “d” rating to a “c-” rating in a research note on Monday, October 2nd. BidaskClub upgraded shares of TerraForm Power from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Finally, Robert W. Baird reiterated a “hold” rating and issued a $13.00 target price on shares of TerraForm Power in a research note on Sunday, September 3rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. TerraForm Power currently has a consensus rating of “Hold” and a consensus target price of $12.88.
In other TerraForm Power 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 shares were sold at an average price of $12.95, for a total transaction of $8,093,750.00. The transaction was disclosed in a filing with the SEC, which is available at this link. 34.55% of the stock is currently owned by insiders.
TerraForm Power, Inc. (NASDAQ:TERP) opened at 12.00 on Friday. The company’s 50-day moving average is $13.35 and its 200-day moving average is $12.65. TerraForm Power, Inc. has a 12 month low of $10.99 and a 12 month high of $14.50. The company’s market cap is $1.50 billion.
TerraForm Power (NASDAQ:TERP) last issued its quarterly earnings data on Friday, July 21st. The solar energy provider reported ($0.94) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.63). TerraForm Power had a negative return on equity of 5.75% and a negative net margin of 20.92%. The firm had revenue of $135.22 million during the quarter. On average, equities research analysts expect that TerraForm Power, Inc. will post ($0.73) EPS for the current fiscal year.
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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