Wall Street analysts expect TerraForm Power, Inc. New (NASDAQ:TERP) to post $122.56 million in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for TerraForm Power, Inc. New’s earnings, with the highest sales estimate coming in at $132.00 million and the lowest estimate coming in at $110.59 million. TerraForm Power, Inc. New posted sales of $135.22 million in the same quarter last year, which suggests a negative year-over-year growth rate of 9.4%. The firm is expected to announce its next earnings report on Friday, July 20th.
On average, analysts expect that TerraForm Power, Inc. New will report full year sales of $122.56 million for the current year, with estimates ranging from $585.53 million to $607.00 million. For the next financial year, analysts expect that the company will report sales of $564.30 million per share, with estimates ranging from $506.90 million to $596.00 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow TerraForm Power, Inc. New.
A number of equities analysts have weighed in on TERP shares. TheStreet lowered shares of TerraForm Power, Inc. New from a “c-” rating to a “d+” rating in a report on Thursday, November 30th. Goldman Sachs Group assumed coverage on shares of TerraForm Power, Inc. New in a report on Monday, November 27th. They issued a “neutral” rating and a $13.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $14.00.
Shares of TerraForm Power, Inc. New (TERP) opened at $11.97 on Friday. The company has a market cap of $1,740.00 and a P/E ratio of -7.67. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.08. TerraForm Power, Inc. New has a 12 month low of $10.02 and a 12 month high of $14.20.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Wednesday, February 28th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 6.35%. The ex-dividend date is Tuesday, February 27th.
In other news, CEO John Stinebaugh purchased 8,100 shares of the business’s stock in a transaction dated Friday, November 30th. The shares were acquired at an average price of $12.42 per share, for a total transaction of $100,602.00. Following the completion of the acquisition, the chief executive officer now directly owns 8,100 shares of the company’s stock, valued at $100,602. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 34.55% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Timber Hill LLC bought a new stake in shares of TerraForm Power, Inc. New during the 3rd quarter worth $146,000. Teacher Retirement System of Texas bought a new position in shares of TerraForm Power, Inc. New during the 4th quarter worth about $151,000. Verition Fund Management LLC bought a new position in shares of TerraForm Power, Inc. New during the 2nd quarter worth about $173,000. Fox Run Management L.L.C. acquired a new stake in shares of TerraForm Power, Inc. New during the 4th quarter worth about $174,000. Finally, Shelton Capital Management acquired a new stake in shares of TerraForm Power, Inc. New during the 4th quarter worth about $179,000. Institutional investors own 47.25% of the company’s stock.
TerraForm Power, Inc. New 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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