Terraform Power Inc – Class A New (NASDAQ:TERP)’s Trend Up, Especially After Decreased Shorts

April 16, 2018 - By Ellis Scott

The stock of Terraform Power Inc – Class A New (NASDAQ:TERP) registered a decrease of 68.48% in short interest. TERP’s total short interest was 2.36 million shares in April as published by FINRA. Its down 68.48% from 7.50 million shares, reported previously. With 292,700 shares average volume, it will take short sellers 8 days to cover their TERP’s short positions. The short interest to Terraform Power Inc – Class A New’s float is 2.27%.

The stock increased 0.09% or $0.01 during the last trading session, reaching $11.09. About 98,807 shares traded. TerraForm Power, Inc. (NASDAQ:TERP) has risen 5.90% since April 16, 2017 and is uptrending. It has underperformed by 5.65% the S&P500.

TerraForm Power, Inc., together with its subsidiaries, owns and operates clean power generation assets serving utility and commercial customers. The company has market cap of $1.64 billion. As of June 30, 2017, its portfolio consisted of solar and wind projects located in the United States, Canada, the United Kingdom, and Chile with a combined nameplate capacity of 2,606.7 megawatts. It currently has negative earnings. The firm was formerly known as SunEdison Yieldco, Inc. and changed its name to TerraForm Power, Inc. in May 2014.

TerraForm Power, Inc. (NASDAQ:TERP) Ratings Coverage

Among 5 analysts covering TerraForm Power (NASDAQ:TERP), 2 have Buy rating, 2 Sell and 1 Hold. Therefore 40% are positive. TerraForm Power had 6 analyst reports since October 19, 2017 according to SRatingsIntel. Goldman Sachs initiated the stock with “Hold” rating in Monday, November 27 report. The rating was downgraded by Goldman Sachs to “Sell” on Thursday, March 15. The stock of TerraForm Power, Inc. (NASDAQ:TERP) has “Sell” rating given on Tuesday, October 24 by Bank of America. The firm has “Outperform” rating by Robert W. Baird given on Monday, October 23.

TerraForm Power, Inc. (NASDAQ:TERP) Ratings Chart

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