|Bid||0.00 x 2200|
|Ask||0.00 x 3000|
|Day's Range||19.35 - 21.26|
|52 Week Range||11.40 - 21.98|
|Beta (5Y Monthly)||0.64|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 06, 2020 - Aug 10, 2020|
|Forward Dividend & Yield||0.81 (3.87%)|
|Ex-Dividend Date||May 29, 2020|
|1y Target Est||15.83|
Units of Brookfield Renewable Partners (NYSE: BEP) rose more than 5% by 11 a.m. EDT on Friday. Powering the renewable-energy stock was the closing of its merger with TerraForm Power (NASDAQ: TERP). Earlier this week, TerraForm Power shareholders voted in favor of merging with Brookfield Renewable Partners, which already owned a 62% interest in the renewable-energy producer.
Shareholders of TerraForm Power (NASDAQ: TERP) have voted in favor of merging with Brookfield Renewable Partners (NYSE: BEP), according to an announcement by both companies. As a result, Brookfield Renewable will acquire all the outstanding shares of TerraForm that it doesn't already own (it currently holds a 62% stake in the renewable energy producer). Current shareholders of TerraForm had the option to either receive 0.47625 units of Brookfield Renewable Partners or the same number of shares in the newly formed Brookfield Renewable Corporation.
NEW YORK, July 15, 2020 -- TerraForm Power, Inc. (Nasdaq: TERP) (“TerraForm Power” or the “Company”) today announced that Institutional Shareholder Services Inc. (“ISS”), a.