TerraForm Power, Inc.TERP was a big mover last session, as the company saw its shares rise roughly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company as the stock is now down 52.8% in the past one-month time frame.
None of the estimates for this utility stock were revised over the past seven days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday's price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
TerraForm Power currently carries a Zacks Rank #5 (Strong Sell), while its Earnings ESP is positive.
A better-ranked stock in the same industry is Huaneng Power International, Inc. HNP , sporting a Zacks Rank #1 (Strong Buy).
Is TERP going up? Or down? Predict to see what others think: Up or Down
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
HUANENG POWER (HNP): Free Stock Analysis Report
TERRAFORM POWER (TERP): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
