KeyBanc Starts TerraForm Power (TERP) at Sector Weight

KeyBanc initiated coverage on TerraForm Power (NASDAQ: TERP) with a Sector Weight rating. Analyst Matt Tucker sees limited relative outperformance.

"We are positive on the growth outlook for TERP, with the visibility provided by its sponsor SUNE, and on the YieldCo space overall, given a strong outlook for renewables in the U.S. and key markets. We think these positives are reflected in TERP's recent performance and valuation, and see limited potential for relative outperformance or upside to TERP’s sector-leading growth targets," said Tucker.

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 $42.03 yesterday.

You May Also Be Interested In

• Erste Group Downgrades The TJX Companies (TJX) to Hold
• H.C. Wainwright Starts Seaport Therapeutics (SPTX) at Buy
• Ligand Pharma (LGND) PT Raised to $340 at RBC Capital