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Analyst Review Alert: TerraForm Power Inc (NASDAQ:TERP)

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Analysts are weighing in on how TerraForm Power Inc (NASDAQ:TERP) , might perform in the near term. Wall Street analysts have a much less favorable assessment of the stock, with a mean rating of 2.7. The stock is rated as buy by 1 analysts, with 1 outperform and 4 hold rating. The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for strong sell.

For the current quarter, the 8.00 analysts offering adjusted EPS forecast have a consensus estimate of $-0.33 a share, which would compare with $0.00 in the same quarter last year. They have a high estimate of $-0.01 and a low estimate of $-1.14. Revenue for the period is expected to total nearly $121.30M from $42.57M the year-ago period.

For the full year, 3.00 Wall Street analysts forecast this company would deliver earnings of -0.61 per share, with a high estimate of $-0.34 and a low estimate of $-0.93. It had reported earnings per share of $-0.03 in the corresponding quarter of the previous year. Revenue for the period is expected to total nearly $485.19M versus 125.86M in the preceding year.

The analysts project the company to maintain annual growth of around 10.00% percent over the next five years as compared to an average growth rate of 6.59% percent expected for its competitors in the same industry.

Among the 7 analysts Data provided by Thomson/First Call tracks, the 12-month average price target for TERP is $12.57 but some analysts are projecting the price to go as high as $20.00. If the optimistic analysts are correct, that represents a 119 percent upside potential from the recent closing price of $9.13. Some sell-side analysts, particularly the bearish ones, have called for $6.00 price targets on shares of TerraForm Power Inc (NASDAQ:TERP) .

In the last reported results, the company reported earnings of $0.00 per share, while analysts were calling for share earnings of $0.02. It was an earnings surprise of -100.00%percent. In the matter of earnings surprises, the term Cockroach Effect is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

TerraForm Power, Inc. owns and operates solar and wind generation assets serving utility, commercial, and residential customers. As of February 20, 2015, its portfolio consisted of solar and wind projects located in the United States, Canada, the United Kingdom, and Chile with an aggregate nameplate capacity of 1,507.3 megawatt. The company was formerly known as SunEdison Yieldco, Inc. and changed its name to TerraForm Power, Inc. in May 2014. The company was founded in 2014 and is based in Bethesda, Maryland. TerraForm Power, Inc. is a subsidiary of SunEdison Holdings Corp.

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