TerraForm Power (NASDAQ: TERP) received a Hold rating and a $11 price target from Goldman Sachs analyst Brian K. Lee today. The company’s shares closed yesterday at $11.04.
According to TipRanks.com, Lee is ranked #2804 out of 4870 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for TerraForm Power with a $11.50 average price target.
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Based on TerraForm Power’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $21.34 million. In comparison, last year the company had a net profit of $5.24 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.
