TerraForm Power (TERP) Receiving Somewhat Positive Press Coverage, Study Shows

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News stories about TerraForm Power (NASDAQ:TERP) have been trending somewhat positive this week, Accern reports. Accern scores the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. TerraForm Power earned a news impact score of 0.11 on Accern’s scale. Accern also gave headlines about the solar energy provider an impact score of 46.4947821717217 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:

Shares of TERP stock opened at $11.04 on Thursday. The firm has a market capitalization of $2.34 billion, a PE ratio of -9.12 and a beta of 0.95. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.91. TerraForm Power has a twelve month low of $9.90 and a twelve month high of $14.20.

TerraForm Power (NASDAQ:TERP) last posted its quarterly earnings data on Monday, August 13th. The solar energy provider reported ($0.13) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.13). TerraForm Power had a negative net margin of 13.02% and a negative return on equity of 0.29%. The firm had revenue of $179.89 million for the quarter, compared to the consensus estimate of $162.69 million. During the same period in the prior year, the firm posted $0.08 EPS. The firm’s revenue was up 5.6% compared to the same quarter last year. research analysts predict that TerraForm Power will post 0.41 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, September 15th. Shareholders of record on Saturday, September 1st will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Thursday, August 30th. This represents a $0.76 dividend on an annualized basis and a yield of 6.88%. TerraForm Power’s dividend payout ratio (DPR) is -62.81%.

Several equities research analysts have issued reports on TERP shares. BidaskClub downgraded shares of TerraForm Power from a “hold” rating to a “sell” rating in a research note on Friday, May 11th. ValuEngine downgraded shares of TerraForm Power from a “hold” rating to a “sell” rating in a research note on Thursday, May 17th. BMO Capital Markets assumed coverage on shares of TerraForm Power in a research note on Wednesday, July 25th. They set a “market perform” rating and a $11.50 price objective for the company. UBS Group upgraded shares of TerraForm Power from a “market perform” rating to an “outperform” rating in a research note on Wednesday, August 15th. Finally, Oppenheimer upgraded shares of TerraForm Power from a “market perform” rating to an “outperform” rating and set a $14.00 target price for the company in a research note on Wednesday, August 15th. Three analysts have rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. TerraForm Power has an average rating of “Hold” and a consensus price target of $13.44.

In related news, major shareholder Brookfield Asset Management In acquired 60,975,609 shares of TerraForm Power stock in a transaction on Monday, June 11th. The shares were purchased at an average cost of $10.66 per share, for a total transaction of $649,999,991.94. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.01% of the company’s stock.

TerraForm Power Company Profile

TerraForm Power, Inc, together with its subsidiaries, owns and operates clean power generation assets. As of December 31, 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 2,606.4 megawatts.

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