TerraForm Power (TERP) Posts Q1 Loss of 1c/Share

TerraForm Power (NASDAQ: TERP) reported Q1 EPS of ($0.01), $0.85 better than the analyst estimate of ($0.86). Revenue for the quarter came in at $154 million versus the consensus estimate of $115.39 million.

“In addition to TerraForm Power’s 2015 financial results released yesterday, the reporting of our first quarter 2016 results further demonstrates progress toward regaining regulatory compliance. We plan to complete the remaining 2016 filings and regain full compliance by March 2017," said Peter Blackmore, Chairman and Interim CEO of TerraForm Power. “Moving forward, our Board and management team remain committed to operational excellence and will continue to take steps that best position the company for success and maximum value creation.”

For earnings history and earnings-related data on TerraForm Power (TERP) click here.

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