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TERP

TerraForm Power

$13.71

0.42 (3.16%)

, BAM

Brookfield

$33.32

-0.23 (-0.69%)

18:05
11/23/16
11/23
18:05
11/23/16
18:05

TerraForm Power adds three independent directors

TerraForm Power (TERP) announced earlier Wednesday the election of three independent directors, Kerri Fox, Edward Hall and Marc Rosenberg, to its board of directors, effective immediately. "As leaders in their respective industries, Ned, Kerri and Marc will bolster our board with significant experience in finance, energy and corporate governance, critical areas for TerraForm Power," the company remarked. With the addition of the three directors, TerraForm Power's board will expand from seven to ten members. The board changes follow last week's news of an acquisition offer for TerraForm Power by Brookfield Asset Management (BAM).

TERP

TerraForm Power

$13.71

0.42 (3.16%)

BAM

Brookfield

$33.32

-0.23 (-0.69%)

TERP TerraForm Power
$13.71

0.42 (3.16%)

07/27/16
OPCO
07/27/16
DOWNGRADE
OPCO
Perform
TerraForm Power downgraded to Perform from Outperform at Oppenheimer
07/27/16
OPCO
07/27/16
DOWNGRADE
OPCO
Perform
TerraForm Power downgraded to Perform at Oppenheimer
As previously reported, Oppenheimer analyst Colin Rusch downgraded TerraForm Power (TERP) to Perform from Outperform following the company's filing of preliminary financial data as part of an effort to solicit debt holders' waiver of filing deadlines ahead of a potential August 19th cross-default. With its revolving line of credit fully utilized, approximately $3.9B in total debt, and limited capital flexibility, the analyst sees TerraForm Power as "highly" levered and notes the uncertainty around risk to equity cash flows from ongoing negotiations. Further, he sees ongoing risk to O&M arrangements, performance guarantees, and operating and interest expense support from SunEdison (SUNEQ).
07/28/16
AVON
07/28/16
DOWNGRADE
AVON
Market Perform
TerraForm Power downgraded to Market Perform from Outperform at Avondale
11/09/16
OPCO
11/09/16
NO CHANGE
OPCO
Election to impact solar, alternative transportation plays, says Oppenheimer
Oppenheimer analyst Colin Rusch believes Trump's surprise victory, in tandem with Republicans maintaining control of Congress, constitutes a material negative for the majority of stocks under the firm's coverage and injects "significant policy uncertainty" into the growth outlook for multiple verticals, with solar/ alternative transportation plays the most impacted. He thinks residential solar plays will see lower volumes on more challenging regulations/slower demand, and expects First Solar (FSLR) and SunPower (SPWR) to take share of a smaller utility-scale solar project pie. Yieldcos like NextEra Energy Partners (NEP), NRG Yield (NYLD), 8point3 Energy (CAFD), Pattern Energy (PEGI), and TerraForm Power (TERP) could see a smaller set of available projects, he adds. Rusch believes a Trump administration could weaken or repeal corporate fuel economy standards, and a rollback could be a net negative for Johnson Controls (JCI), Ideal Power (IPWR) and Maxwell (MXWL). Also, he would not be surprised to see a Trump administration attempt to block federal support for EV buyers but provide support for companies such as Tesla (TSLA) that are creating U.S. manufacturing jobs.
BAM Brookfield
$33.32

-0.23 (-0.69%)

05/24/16
KBWI
05/24/16
INITIATION
Target $41
KBWI
Outperform
Brookfield initiated with an Outperform at Keefe Bruyette
Keefe Bruyette analyst Ann Dai started Brookfield Asset Management with an Outperform rating and $41 price target.
09/21/16
RBCM
09/21/16
UPGRADE
RBCM
Top Pick
Brookfield upgraded to Top Pick from Outperform at RBC Capital
09/22/16
RBCM
09/22/16
UPGRADE
RBCM
Top Pick
Brookfield upgraded on execution, valuation at RBC Capital
As noted earlier, RBC Capital upgraded Brookfield to Top Pick from Outperform. Analyst Neil Downey says that the company is executing well, while its valuation is favorable compared with other names in the sector and it has key competitive advantages. Target $41.
09/22/16
09/22/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Amazon.com (AMZN) upgraded to Buy from Hold at Argus with analyst Jim Kelleher saying he believes Amazon is currently growing and expanding margins faster than the stock price has been rising. 2. SeaWorld (SEAS) upgraded to Buy from Neutral at Citi with analyst Jason Bazinet saying the risk/reward looks attractive at current share levels. 3. Brookfield (BAM) upgraded to Top Pick from Outperform at RBC Capital with analyst Neil Downey saying the company is executing well, while its valuation is favorable compared with other names in the sector and it has key competitive advantages. 4. ON Semiconductor (ON) upgraded to Equal Weight from Underweight at Morgan Stanley with analyst Craig Hattenbach saying the Fairchild acquisition will add 16c to 2017 earnings and is less negative on ON Semiconductor shares given the upward bias to estimates. 5. Atwood Oceanics (ATW) upgraded to Neutral from Sell at Clarksons Platou. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

LMT

Lockheed Martin

$275.61

2.52 (0.92%)

15:07
04/24/17
04/24
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15:07
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TMUS

T-Mobile

$64.70

-0.11 (-0.17%)

15:05
04/24/17
04/24
15:05
04/24/17
15:05
Options
T Mobile options imply 6.4% move in share price post-earnings, above median historical move »

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    Apr

AAL

American Airlines

$45.15

-0.07 (-0.15%)

, UAL

United Continental

$70.80

1.24 (1.78%)

15:02
04/24/17
04/24
15:02
04/24/17
15:02
Hot Stocks
David Dao attorney says also representing American Airlines passenger »

In a TODAY Show interview…

AAL

American Airlines

$45.15

-0.07 (-0.15%)

UAL

United Continental

$70.80

1.24 (1.78%)

03/08/13
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  • 27

    Apr

WFM

Whole Foods

$35.71

0.21 (0.59%)

15:01
04/24/17
04/24
15:01
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15:01
Options
Notable implied volatility spike in Whole Foods as shares rally »

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  • 10

    May

15:00
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04/24
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15:00
General news
Breaking General news story  »

Minneapolis Federal…

UTX

United Technologies

$116.15

1.155 (1.00%)

14:51
04/24/17
04/24
14:51
04/24/17
14:51
Options
United Tech attracts call buyers as shares rally to new highs »

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ABX

Barrick Gold

$19.21

-0.025 (-0.13%)

14:50
04/24/17
04/24
14:50
04/24/17
14:50
Options
Barrick Gold options imply 4.9% move in share price post-earnings, above median historical move »

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  • 25

    Apr

BCR

C.R. Bard

$303.97

50.9 (20.11%)

14:49
04/24/17
04/24
14:49
04/24/17
14:49
Downgrade
C.R. Bard rating change  »

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AAPL

Apple

$142.27

-0.17 (-0.12%)

14:48
04/24/17
04/24
14:48
04/24/17
14:48
Periodicals
Apple reduces App Store affiliated commission to 2.5% from 7%, TechCrunch says »

Apple has informed…

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  • 02

    May

NVS

Novartis

$74.41

1.01 (1.38%)

, KO

Coca-Cola

$43.35

0.28 (0.65%)

14:46
04/24/17
04/24
14:46
04/24/17
14:46
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

NVS

Novartis

$74.41

1.01 (1.38%)

KO

Coca-Cola

$43.35

0.28 (0.65%)

MMM

3M

$193.96

2.46 (1.28%)

MCD

McDonald's

$134.52

1.11 (0.83%)

LMT

Lockheed Martin

$275.72

2.63 (0.96%)

DD

DuPont

$79.69

1.04 (1.32%)

BIIB

Biogen

$272.94

0.48 (0.18%)

CAT

Caterpillar

$97.04

2.72 (2.88%)

VLO

Valero

$67.08

1.85 (2.84%)

GLW

Corning

$27.53

0.51 (1.89%)

BHI

Baker Hughes

$58.59

0.91 (1.58%)

PCAR

PACCAR

$65.76

-0.12 (-0.18%)

NTRS

Northern Trust

$87.36

-0.09 (-0.10%)

FITB

Fifth Third

$24.62

-0.33 (-1.32%)

FCX

Freeport McMoRan

$12.51

0.275 (2.25%)

NLSN

Nielsen

$41.66

0.66 (1.61%)

CNC

Centene

$72.16

1.52 (2.15%)

PHM

PulteGroup

$23.06

-0.26 (-1.11%)

JBLU

JetBlue

$21.53

0.14 (0.65%)

XRX

Xerox

$7.01

0.09 (1.30%)

PII

Polaris Industries

$83.16

1.3 (1.59%)

AN

AutoNation

$43.91

1.1 (2.57%)

GPK

Graphic Packaging

$13.52

-0.025 (-0.18%)

RAD

Rite Aid

$3.76

-0.045 (-1.18%)

TUP

Tupperware Brands

$65.58

1.355 (2.11%)

EAT

Brinker

$45.67

1.01 (2.26%)

AKS

AK Steel

$7.15

0.425 (6.32%)

SVU

Supervalu

$3.86

0.02 (0.52%)

03/08/13
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    Jun

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    Jun

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    Jun

TEF

Telefonica

$11.38

0.48 (4.40%)

14:45
04/24/17
04/24
14:45
04/24/17
14:45
Periodicals
Telefonica eyes possible IPO of O2 as early as year end, Bloomberg says »

Telefonica is weighing an…

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TMUS

T-Mobile

$64.70

-0.11 (-0.17%)

, ESRX

Express Scripts

$66.46

-0.59 (-0.88%)

14:45
04/24/17
04/24
14:45
04/24/17
14:45
Earnings
Notable companies reporting after market close »

Notable companies…

TMUS

T-Mobile

$64.70

-0.11 (-0.17%)

ESRX

Express Scripts

$66.46

-0.59 (-0.88%)

CCI

Crown Castle

$94.37

-1.165 (-1.22%)

AMP

Ameriprise

$132.30

3.86 (3.01%)

NEM

Newmont Mining

$34.05

-0.08 (-0.23%)

CDNS

Cadence Design

$32.88

0.11 (0.34%)

ZION

Zions Bancorp

$40.85

-0.23 (-0.56%)

RRC

Range Resources

$27.55

0.075 (0.27%)

AA

Alcoa

$32.86

1.16 (3.66%)

CR

Crane

$77.98

1.44 (1.88%)

OI

Owens-Illinois

$21.35

0.84 (4.10%)

SLCA

U.S. Silica

$41.60

1.09 (2.69%)

SWFT

Swift Transportation

$25.31

0.93 (3.81%)

RMBS

Rambus

$12.94

-0.07 (-0.54%)

03/08/13
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    Jun

NTAP

NetApp

$39.49

-0.82 (-2.03%)

14:42
04/24/17
04/24
14:42
04/24/17
14:42
Recommendations
NetApp analyst commentary  »

SolidFire CEO departure…

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  • 12

    Jun

VALE

Vale

$8.78

0.1962 (2.29%)

14:31
04/24/17
04/24
14:31
04/24/17
14:31
Options
4K VALE Apr 28th 9 calls trade for 14c »

4K VALE Apr 28th 9 calls…

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MCD

McDonald's

$134.32

0.91 (0.68%)

14:30
04/24/17
04/24
14:30
04/24/17
14:30
Hot Stocks
McDonald's USA launches new uniforms »

McDonald's USA…

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  • 25

    Apr

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SRPT

Sarepta

$32.61

0.07 (0.22%)

14:26
04/24/17
04/24
14:26
04/24/17
14:26
Recommendations
Sarepta analyst commentary  »

Sarepta drugs get FDA…

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MET

MetLife

$52.09

0.822 (1.60%)

14:21
04/24/17
04/24
14:21
04/24/17
14:21
Options
Metlife calls active driven by spread trading »

Metlife calls active…

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  • 04

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    Jun

$NSD

NASDAQ Market Internals

14:17
04/24/17
04/24
14:17
04/24/17
14:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

14:16
04/24/17
04/24
14:16
04/24/17
14:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

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UCTT

Ultra Clean

$16.11

0.01 (0.06%)

14:15
04/24/17
04/24
14:15
04/24/17
14:15
Hot Stocks
Breaking Hot Stocks news story on Ultra Clean »

Ultra Clean rallies 4%,…

03/08/13
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PPG

PPG

$107.50

1.56 (1.47%)

, AKZOY

AkzoNobel

$27.96

-0.11 (-0.39%)

14:10
04/24/17
04/24
14:10
04/24/17
14:10
Hot Stocks
Elliott continues to recommend AkzoNobel engage with PPG »

Elliott, a private…

PPG

PPG

$107.50

1.56 (1.47%)

AKZOY

AkzoNobel

$27.96

-0.11 (-0.39%)

03/08/13
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SQ

Square

$17.78

0.2916 (1.67%)

14:08
04/24/17
04/24
14:08
04/24/17
14:08
Periodicals
Square acquires Yik Yak team for under $3M, Bloomberg says »

Square has taken over the…

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    Jun

ARNC

Arconic

$26.13

0.13 (0.50%)

14:07
04/24/17
04/24
14:07
04/24/17
14:07
Hot Stocks
Arconic postpones annual meeting amid talks with Elliott »

Arconic announced that it…

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  • 25

    Apr

DIS

Disney

$113.93

-0.515 (-0.45%)

, SBGI

Sinclair Broadcast

$39.90

-0.45 (-1.12%)

14:06
04/24/17
04/24
14:06
04/24/17
14:06
Hot Stocks
Disney says signs over 160 ABC stations to over-the-top clearinghouse effort »

Disney (DIS) ABC…

DIS

Disney

$113.93

-0.515 (-0.45%)

SBGI

Sinclair Broadcast

$39.90

-0.45 (-1.12%)

SSP

E.W. Scripps

$22.15

-0.04 (-0.18%)

TGNA

Tegna

$25.70

-0.13 (-0.50%)

03/08/13
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03/06/13
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  • 24

    Apr

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  • 03

    May

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  • 09

    May

FMSA

Fairmount Santrol

$5.10

0.02 (0.39%)

14:06
04/24/17
04/24
14:06
04/24/17
14:06
Options
Fairmount Santrol call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 04

    May

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