|Bid||0.00 x 1800|
|Ask||0.00 x 800|
|Day's Range||17.09 - 17.33|
|52 Week Range||11.36 - 18.48|
|Beta (5Y Monthly)||0.57|
|PE Ratio (TTM)||N/A|
|Earnings Date||Mar 11, 2020 - Mar 15, 2020|
|Forward Dividend & Yield||0.81 (4.66%)|
|Ex-Dividend Date||Nov 28, 2019|
|1y Target Est||16.37|
Today we'll do a simple run through of a valuation method used to estimate the attractiveness of TerraForm Power, Inc...
NEW YORK, NY / ACCESSWIRE / January 15, 2020 / The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased TerraForm Power, Inc. ("TerraForm" or ...
WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of TerraForm Power, Inc. ("TerraForm Power" or the "Company") (NASDAQ: TERP) in connection with the proposed acquisition of the Company by Brookfield Renewable Partners ("Brookfield Renewable") (NYSE: BEP). Brookfield Renewable and its affiliates already own 62% of TerraForm. Under the terms of the acquisition agreement, TerraForm Power's shareholders will receive 0.36 BEP shares for each share of TERP they own.
BOSTON, Jan. 14, 2020 -- Block & Leviton LLP (www.blockesq.com), a securities litigation firm representing investors and whistleblowers nationwide, informs investors that.
(Bloomberg) -- In 2017, Brookfield Asset Management Inc. had just a half-megawatt of solar power. By the end of this year, the total owned outright by the company could be about 2,000 megawatts.Its unit, Brookfield Renewable Partners LP, said Monday it’s bidding to buy the shares of TerraForm Power Inc. that it doesn’t already own in a deal that values TerraForm at around $3.9 billion. The unsolicited bid comes more than two years after Brookfield initially rescued TerraForm from SunEdison Inc., a collapsed clean-energy company, by buying a 61.5% controlling stake.The unsolicited bid by Brookfield is part of a years-long effort to diversify its portfolio and recycle capital by selling mature assets and acquiring new ones. The company has long been a hydropower player, with a capacity of around 7,900 megawatts. It’s recent M&A activity has boosted its wind and solar exposure.In the third quarter of last year, Brookfield agreed to acquire a 200-megawatt wind farm in China for $100 million with its partners. In July, it agreed to acquire a 50% interest in X-Elio, a global solar developer. Meanwhile, its shares surged about 80% last year, making it one of the best performers among North American renewables companies.“It’s really a function of ‘do we feel like we can run a bigger, stronger company by simplifying the structure?’ Yes, absolutely,” said Sachin Shah, Brookfield Renewable’s chief executive officer, in an interview Monday.Colin Rusch, an analyst at Oppenheimer & Co., said in a note Monday that he sees a “high likelihood” that the deal happens. TerraForm’s shares rose 10% to $17.16 in New York trading Monday while Brookfield fell 4.2% to $46.05.Brookfield Renewable is “a best-in-class developer of long-dated renewable power and a savvy purchaser of distressed assets,” said Andrew Kuske, an analyst with Credit Suisse Group AG, in a research note.\--With assistance from Natalia Kniazhevich and Scott Deveau.To contact the reporter on this story: Brian Eckhouse in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Lynn Doan at email@example.com, Reg Gale, Joe RyanFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.
Shares of TerraForm Power Inc. charged up 8.3% in premarket trading Monday, after the solar and wind energy company confirmed it received an "unsolicited, non-binding" all-stock buyout bid from Brookfield Renewable Partners L.P. that would value TerraForm at about $3.93 billion. Under terms of the bid, Brookfield would exchange 0.36 of its shares for each TerraForm share outstanding. Based on Friday's stock closing prices, that would value TerraForm shares at $17.31 each, or an 11% premium. TerraForm said it has formed a special committee to review the bid. Brookfield also said it will raise its quarterly distribution by 5% to an annual payout of $2.17 a share. Based on Friday's stock closing price of $48.07, that would imply a dividend yield of 4.51%, compared with the implied yield for the S&P 500 of 1.83%. Brookfield's stock slipped 0.2% in premarket trading. Over the past three months, TerraForm's stock has lost 8.1% and Brookfield shares have gained 16.8%, while the S&P 500 has climbed 9.9%.
Pursuant to the Proposal, each share of Class A common stock of TerraForm Power would be acquired for consideration of 0.36 of a Class A share of Brookfield Renewable Corporation (“BEPC”). The Proposal states that BEPC is a Canadian subsidiary of Brookfield Renewable and will be a publicly traded corporation.
All amounts in U.S. dollars unless otherwise stated Investment Overview: Proposal is being made at a BEP-to-TERP exchange ratio equivalent to 0.36, which represents an 11%.
We are still in an overall bull market and many stocks that smart money investors were piling into surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Hedge funds' top 3 stock picks returned 41.7% this year and beat […]
TerraForm Power (TERP) has witnessed a significant price decline in the past four weeks, and is seeing negative earnings estimate revisions as well.
NEW YORK, Nov. 11, 2019 -- TerraForm Power, Inc. (Nasdaq: TERP) (“TerraForm Power”) today reported financial results for the quarter ended September 30, 2019. Recent.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of TerraForm Power Operating LLC and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
Date: Tuesday, November 12, 2019Time: 9:00 a.m. (Eastern Time) NEW YORK, Nov. 06, 2019 -- You are invited to participate in TerraForm Power's (Nasdaq: TERP) 2019 Third.
Like everyone else, elite investors make mistakes. Some of their top consensus picks, such as Amazon, Facebook and Alibaba, have not done well in Q4 due to various reasons. Nevertheless, the data show elite investors' consensus picks have done well on average over the long-term. The top 20 stocks among hedge funds beat the S&P […]
These days it's easy to simply buy an index fund, and your returns should (roughly) match the market. But investors...
An unloved yieldco saw a beneficial owner make a big buy. Conventional wisdom says that insiders and 10% owners really only buy shares of a company for one reason — they believe the stock price will rise and they want to profit. TerraForm Power Inc (NASDAQ: TERP) 10% owner Brookfield Asset Management stepped up to the buy window this past week.
TerraForm Power, Inc. (TERP) (“TerraForm Power”) today announced that its indirect subsidiary, TerraForm Power Operating, LLC (the “Issuer”), priced $700 million aggregate principal amount of 4.75% senior notes due 2030 (the “Notes”) at an initial offering price of 100% of the principal amount (the “Offering”) in connection with its previously announced private offering. The Notes will be senior obligations of the Issuer and will be guaranteed by the Issuer’s direct parent, TerraForm Power, LLC (“Terra LLC”), and each of the Issuer’s existing and future subsidiaries that guarantee its senior secured credit facilities or certain other material indebtedness of the Issuer or Terra LLC, subject to certain exceptions. TerraForm Power will not guarantee the Notes.
Moody's Investors Service ("Moody's") today assigned a Ba3 rating to TerraForm Power Operating LLC's (TPO or yieldco) proposed issuance of up to $700 million of senior unsecured notes. Concurrently, Moody's affirmed TPO's Ba3 corporate family rating (CFR) and Ba3-PD Probability of Default rating.
TerraForm Power, Inc. (TERP) (“TerraForm Power”) today announced that its indirect subsidiary, TerraForm Power Operating, LLC (the “Issuer”), intends to offer, in a private offering, $700 million aggregate principal amount of senior notes to be issued with a maturity of approximately 10 years (the “Notes”), subject to market conditions and other factors. The Notes will be senior obligations of the Issuer and will be guaranteed by the Issuer’s direct parent, TerraForm Power, LLC (“Terra LLC”), and each of the Issuer’s existing and future subsidiaries that guarantee its senior secured credit facilities or certain other material indebtedness of the Issuer or Terra LLC, subject to certain exceptions. TerraForm Power will not guarantee the Notes.
NextEra Energy Partners LP (NYSE: NEP ) gained momentum with a series of upgrades this month. The optimism has since pushed the stock into favor above industry peers. The Ratings Barclays analysts Moses ...
NEW YORK, Oct. 04, 2019 (GLOBE NEWSWIRE) -- TerraForm Power, Inc. (Nasdaq: TERP) (“TerraForm Power”) today announced that it priced its underwritten public offering of 14,907,573 shares of its Class A common stock (“common stock”) for total gross proceeds of approximately $251 million. The underwriter may offer the shares from time to time for sale in one or more transactions on the Nasdaq Global Select Market, in the over-the-counter market or through negotiated transactions at market prices or at negotiated prices. In connection with the offering, TerraForm Power has granted the underwriter an option for a period of 30 days to purchase up to an additional 2,236,135 shares of common stock. Subject to the completion of this offering and the receipt of applicable regulatory approvals (if any), an affiliate of TerraForm Power’s sponsor, Brookfield Asset Management Inc., will purchase from TerraForm Power in a concurrent private placement $50.0 million of shares of common stock at a price per share equal to the price paid to TerraForm Power by the underwriter in this offering.TerraForm Power intends to use the net proceeds from this offering and the concurrent private placement for working capital and general corporate purposes.The offering is expected to close on or about October 7, 2019.RBC Capital Markets is acting as sole book-running manager for the offering.The offering is being made pursuant to TerraForm Power’s effective shelf registration statement filed with the Securities and Exchange Commission (the “SEC”). The offering is being made only by means of a prospectus and a related prospectus supplement. Prospective investors should read the prospectus supplement and the accompanying prospectus in that registration statement and other documents TerraForm Power has filed or will file with the SEC for more complete information about TerraForm Power and the offering. You may obtain these documents for free by visiting EDGAR on the SEC’s website at www.sec.gov. Alternatively, copies of the prospectus supplement and the accompanying prospectus may be obtained from RBC Capital Markets, LLC, Attention: Equity Capital Markets, 200 Vesey Street, 8th Floor, New York, New York, 10281, by calling 877-822-4089 or by emailing firstname.lastname@example.org.This press release does not constitute an offer to sell or the solicitation of an offer to buy shares of common stock, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.About TerraForm PowerTerraForm Power acquires, owns and operates a best-in-class renewable power portfolio of solar and wind assets in North America and Western Europe. TerraForm Power is the owner and operator of a 4,070 MW diversified portfolio of high-quality solar and wind assets underpinned by long-term contracts. TerraForm Power is listed on the Nasdaq Global Select Market (Nasdaq: TERP). It is sponsored by Brookfield Asset Management, Inc., a leading global alternative asset manager with more than $500 billion of assets under management.Contacts for Investors / Media Michael Tebbutt TerraForm Power email@example.comSafe Harbor Disclosure This communication contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. These statements involve estimates, expectations, projections, goals, assumptions, known and unknown risks, and uncertainties and typically include words or variations of words such as “expect,” “anticipate,” “believe,” “intend,” “plan,” “seek,” “estimate,” “predict,” “project,” “opportunities,” “goal,” “guidance,” “outlook,” “initiatives,” “objective,” “forecast,” “target,” “potential,” “continue,” “would,” “will,” “should,” “could,” or “may” or other comparable terms and phrases. All statements that describe or relate to TerraForm Power’s expectations regarding the number or price of shares of common stock to be sold or the intended use of proceeds from the offering of common stock are forward-looking statements. Forward-looking statements provide TerraForm Power’s current expectations or predictions of future conditions, events, or results and speak only as of the date they are made. Although TerraForm Power believes its expectations and assumptions are reasonable, it can give no assurance that these expectations and assumptions will prove to have been correct and actual results may vary materially.TerraForm Power disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions, factors, or expectations, new information, data, or methods, future events, or other changes, except as required by law. The foregoing factors that might cause results to differ materially from those contemplated in the forward-looking statements should be considered in connection with information regarding risks and uncertainties which are described in TerraForm Power’s Form 10-K for the fiscal year ended December 31, 2018, any subsequent Quarterly Reports on Form 10-Q, as well as additional factors it may describe from time to time in other filings with the SEC. TerraForm Power operates in a competitive and rapidly changing environment. New risks and uncertainties emerge from time to time, and you should understand that it is not possible to predict or identify all such factors and, consequently, you should not consider any such list to be a complete set of all potential risks or uncertainties.