The company reported ($0.03) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by $0.21. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on November 24th after Market close. The shares have fallen 87 percent in the past year, making them the worst performer among the 20 members of the BI Global Large Solar Energy index in the past year. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company.
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Deutsche Bank reiterated their buy rating on shares of TerraForm Power (NASDAQ:TERP) in a research report report published on Monday morning, AnalystRatings.NET reports. 4 broker firms have advised hold. The 50-day moving average is $16.98 and the 200 day moving average is recorded at $27.59. (NASDAQ:TERP) which led to swings in the share price. The heightened volatility saw the trading volume jump to 10,119,800 shares. The 52 week high for the share price is 42.66 while the 52 week low for the stock is 8.01. After the session commenced at $9.11, the stock reached the higher end at $9.51 while it hit a low of $8.265. The standard deviation of the price stands at $8.56.
TerraForm Power (NASDAQ:TERP) last posted its quarterly earnings data on Monday, November 9th.
A better-ranked stock in the same industry is Huaneng Power worldwide, Inc.
So what: SunEdison’s CFO Brian Wuebbels has been named president and CEO of TerraForm Global (NASDAQ:GLBL) and TerraForm Power (NASDAQ:TERP), the company’s two yieldcos. SunEdison shares are down 86% year-to-date. Now the company Insiders own 4% of TerraForm Power, Inc. shares according to the proxy statements. The information is based on open market trades at the market prices. Option exercises are not covered. Institutional Investors own 96.88% of TerraForm Power, Inc. shares.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th.
Steven Tesoriere has resigned from the TerraForm Power and TerraForm Global boards but will remain on the SunEdison board.
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“You could potentially see unification of the three companies, that’d provide SunEdison more assets to sell to the third parties and increase its cash flow”, S&P Capital IQ analyst Angelo Zino said, adding that Monday’s shakeup is really step one of what one could see down the road.
