Deutsche Bank Starts TerraForm Power (TERP) at Hold

October 7, 2016 7:09 AM EDT
Get Alerts TERP Hot Sheet
Price: $13.32 -1.77%

Rating Summary:
    5 Buy, 9 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 26 | Down: 28 | New: 38
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Deutsche Bank initiated coverage on TerraForm Power (NASDAQ: TERP) with a Hold rating and a price target of $13.

Analyst Vishal Shah said, "Considering the fact that TERP has started the auction process to sell Class B shares and/or potentially the entire company, we take a closer look at the NPV of cash flows from the existing portfolio of solar and wind assets. Our analysis suggests a NPV of $13 at 9% discount rate and as such we see balanced risk-reward at current valuation."

For an analyst ratings summary and ratings history on TerraForm Power click here. For more ratings news on TerraForm Power click here.

Shares of TerraForm Power closed at $14.38 yesterday.

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