Oppenheimer analyst Colin Rusch assigned a Buy rating to TerraForm Power (TERP) today. The company’s shares closed yesterday at $13.54.
According to TipRanks.com, Rusch is a 5-star analyst with an average return of 12.2% and a 52.2% success rate. Rusch covers the Industrial Goods sector, focusing on stocks such as Capstone Turbine Corp, Amer Superconductor, and Canadian Solar Inc.
TerraForm Power has an analyst consensus of Moderate Buy, with a price target consensus of $13.40.
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Based on TerraForm Power’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $15.49 million. In comparison, last year the company had a net profit of $83.23 million.
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TerraForm Power, Inc. engages in the acquisition of renewable energy assets. It operates through Solar and Wind segments. The Solar segment consists of Distributed Generation, North America Utility, and International Utility. The Wind segment comprises of Northeast Wind, Central Wind and Hawaii Wind.
