TerraForm Power (NASDAQ:TERP) will be issuing its quarterly earnings data before the market opens on Friday, November 9th. Analysts expect the company to announce earnings of ($0.05) per share for the quarter.
TerraForm Power (NASDAQ:TERP) last issued its quarterly earnings data on Monday, August 13th. The solar energy provider reported ($0.13) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.13). The firm had revenue of $179.89 million for the quarter, compared to the consensus estimate of $162.69 million. TerraForm Power had a negative net margin of 13.02% and a negative return on equity of 0.29%. TerraForm Power’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period last year, the firm posted $0.08 EPS. On average, analysts expect TerraForm Power to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
NASDAQ:TERP traded up $0.20 during mid-day trading on Wednesday, hitting $11.76. The stock had a trading volume of 20,573 shares, compared to its average volume of 474,350. The company has a market cap of $2.38 billion, a PE ratio of -9.73 and a beta of 0.87. TerraForm Power has a 52 week low of $9.90 and a 52 week high of $13.27. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.91.
An institutional investor recently raised its position in TerraForm Power stock. Bank of New York Mellon Corp raised its stake in shares of TerraForm Power Inc (NASDAQ:TERP) by 41.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 275,653 shares of the solar energy provider’s stock after buying an additional 81,044 shares during the period. Bank of New York Mellon Corp owned approximately 0.19% of TerraForm Power worth $3,225,000 as of its most recent SEC filing. 60.60% of the stock is owned by institutional investors.
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TerraForm Power Company Profile
TerraForm Power, Inc, together with its subsidiaries, owns and operates clean power generation assets. As of December 31, 2017, its portfolio consisted of solar and wind projects located in the United States, Canada, the United Kingdom, and Chile with a combined nameplate capacity of 2,606.4 megawatts.
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