TerraForm Coverage Initiated With Outperform

By | September 18, 2014

Scalper1 News

Macquarie Group initiated TerraForm Power coverage Thursday with an outperform rating and a 37 price target, as the spinoff adds more solar projects to its portfolio. At least four other investment banks — Citigroup, FBR Capital, Goldman Sachs and JPMorgan — have initiated coverage since the 25-day quiet period on underwriter analysis ended last month. Beltsville, Md.-based TerraForm Power (TERP), a subsidiary spun off from St. Peters, Mo.-based Scalper1 News

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