In a report released yesterday, Shelby Tucker from RBC Capital maintained a Hold rating on TerraForm Power (TERP), with a price target of $16.00. The company’s shares closed last Tuesday at $16.18.
According to TipRanks.com, Tucker is a 5-star analyst with an average return of 4.2% and a 63.2% success rate. Tucker covers the Utilities sector, focusing on stocks such as Public Service Enterprise, American Electric Power, and Nextera Energy Partners.
Currently, the analyst consensus on TerraForm Power is a Moderate Buy with an average price target of $17.58, representing a 4.6% upside. In a report issued on April 2, Barclays also maintained a Hold rating on the stock with a $19.00 price target.
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The company has a one-year high of $21.58 and a one-year low of $11.40. Currently, TerraForm Power has an average volume of 1.37M.
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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. The company was founded on January 15, 2014 and is headquartered in New York, NY.
