TerraForm Power (TERP) Given Coverage Optimism Score of 0.20

Media headlines about TerraForm Power (NASDAQ:TERP) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. TerraForm Power earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave news articles about the solar energy provider an impact score of 45.7829506849403 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:

TerraForm Power (TERP) opened at 13.18 on Friday. The company’s 50 day moving average is $12.60 and its 200 day moving average is $12.24. The company’s market cap is $1.64 billion. TerraForm Power has a 12-month low of $10.99 and a 12-month high of $14.69.

TerraForm Power (NASDAQ:TERP) last released its quarterly earnings results on Friday, July 21st. The solar energy provider reported ($0.94) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.31) by $0.63. The business had revenue of $135.22 million for the quarter. TerraForm Power had a negative net margin of 19.84% and a negative return on equity of 4.59%. Analysts forecast that TerraForm Power will post ($1.02) earnings per share for the current fiscal year.

Several research firms have recently weighed in on TERP. Zacks Investment Research upgraded shares of TerraForm Power from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a research report on Friday, July 28th. BidaskClub upgraded shares of TerraForm Power from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $12.90.

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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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