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Fly News Breaks for January 13, 2020
TERP
Jan 13, 2020 | 06:54 EDT
BMO Capital analyst Ben Pham upgraded TerraForm Power to Outperform from Market Perform with a price target of $18, up from $17. The analyst cites the company's "unique" exposure to the solar sector with a "favorable" view of renewable power industry, along with the increased investor focus on ESG investing. Pham adds that his implied valuation multiple on TerraForm Power goes to 13-times from 12.5-times expected forward earnings.
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