TerraForm Power Inc (NASDAQ:TERP) – Equities research analysts at Oppenheimer issued their FY2020 earnings per share estimates for TerraForm Power in a research note issued on Wednesday, August 15th. Oppenheimer analyst C. Rusch forecasts that the solar energy provider will post earnings per share of $0.66 for the year. Oppenheimer currently has a “Outperform” rating and a $14.00 target price on the stock.

TerraForm Power (NASDAQ:TERP) last issued its quarterly earnings results on Monday, August 13th. The solar energy provider reported ($0.13) EPS for the quarter, hitting the consensus estimate of ($0.13). TerraForm Power had a negative net margin of 8.33% and a negative return on equity of 0.11%. The business had revenue of $179.89 million for the quarter, compared to analysts’ expectations of $162.69 million. During the same quarter last year, the company posted $0.08 earnings per share. The company’s quarterly revenue was up 5.6% compared to the same quarter last year.

Several other equities analysts have also recently commented on the stock. BidaskClub cut shares of TerraForm Power from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 25th. Zacks Investment Research raised shares of TerraForm Power from a “hold” rating to a “strong-buy” rating and set a $13.00 price target on the stock in a research report on Tuesday, May 8th. JPMorgan Chase & Co. raised shares of TerraForm Power from a “neutral” rating to an “overweight” rating and set a $13.00 price target on the stock in a research report on Thursday, May 3rd. ValuEngine cut shares of TerraForm Power from a “hold” rating to a “sell” rating in a report on Thursday, May 17th. Finally, UBS Group raised shares of TerraForm Power from a “market perform” rating to an “outperform” rating in a report on Wednesday. Four investment analysts have rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $13.44.

Shares of TERP stock opened at $11.25 on Thursday. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.41. TerraForm Power has a one year low of $9.90 and a one year high of $14.20. The stock has a market cap of $1.58 billion, a PE ratio of -9.26 and a beta of 0.90.

Several large investors have recently made changes to their positions in the business. Baillie Gifford & Co. acquired a new position in shares of TerraForm Power during the second quarter valued at approximately $21,748,000. Royal Bank of Canada increased its stake in shares of TerraForm Power by 11,470.6% during the first quarter. Royal Bank of Canada now owns 904,013 shares of the solar energy provider’s stock valued at $9,699,000 after acquiring an additional 896,200 shares during the period. New Generation Advisors LLC acquired a new position in shares of TerraForm Power during the first quarter valued at approximately $9,493,000. Dimensional Fund Advisors LP increased its stake in shares of TerraForm Power by 98.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,322,224 shares of the solar energy provider’s stock valued at $15,470,000 after acquiring an additional 656,462 shares during the period. Finally, Millennium Management LLC acquired a new position in shares of TerraForm Power during the second quarter valued at approximately $7,634,000. Institutional investors own 48.06% of the company’s stock.

In other news, major shareholder Brookfield Asset Management In purchased 60,975,609 shares of the company’s stock in a transaction on Monday, June 11th. The shares were bought at an average price of $10.66 per share, for a total transaction of $649,999,991.94. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.01% of the stock is currently owned by company insiders.

The company also recently declared a quarterly dividend, which will be paid on Saturday, September 15th. Shareholders of record on Saturday, September 1st will be paid a $0.19 dividend. The ex-dividend date of this dividend is Thursday, August 30th. This represents a $0.76 annualized dividend and a dividend yield of 6.76%. TerraForm Power’s payout ratio is currently -62.81%.

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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