TerraForm Power Inc. (TERP) Plunges 5.23%

TerraForm Power Inc. (TERP) Plunges 5.23%

TerraForm Power Inc. (TERP) had a rough trading day for Thursday October 03 as shares tumbled 5.23%, or a loss of $-0.95 per share, to close at $17.20. After opening the day at $18.17, shares of TerraForm Power Inc. traded as high as $18.32 and as low as $17.16. Volume was 1.84 million shares over 14,581 trades, against an average daily volume of n/a shares and a total float of 209.15 million.

As a result of the decline, TerraForm Power Inc. now has a market cap of $3.6 billion. In the last year, shares of TerraForm Power Inc. have traded between a range of $18.48 and $10.33, and its 50-day SMA is currently $n/a and 200-day SMA is $n/a.

TerraForm Power Inc Class A owns and operates clean power generation assets. The portfolio of facilities controlled by the company includes wind and solar power producing facilities located in the U.S., Canada, the United Kingdom, and Chile. The majority of the energy produced by TerraForm Power comes from its solar sites. The company primarily generates revenue from the sale of energy to utility, commercial, and residential customers in the United States. Income earned from government incentives programs also represents a substantial revenue stream.

TerraForm Power Inc. is based out of New York, NY and has some 177 employees. Its CEO is John Stinebaugh.

TerraForm Power Inc. is a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It’s maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell’s indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It’s a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

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