RBC Capital analyst Shelby Tucker maintained a Hold rating on TerraForm Power (NASDAQ:TERP) on Thursday, setting a price target of $22, which is approximately 8.70% above the present share price of $20.24.
Tucker expects TerraForm Power to post earnings per share (EPS) of -$0.24 for the third quarter of 2020.
The current consensus among 1 TipRanks analysts is for a Hold rating of shares in TerraForm Power, with an average price target of $22.
The analysts price targets range from a high of $22 to a low of $22.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $246.76 million and a net profit of $30.51 million. The company's market cap is $4.59 billion.
According to TipRanks.com, RBC Capital analyst Shelby Tucker is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 5.6% and a 64.73% success rate.
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.