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Hot Stocks
TerraForm Power 'well-positioned' to ride out COVID-19 pandemic » 07:03
05/11/20
05/11
07:03
05/11/20
07:03
TERP

TerraForm Power

$18.35 /

+0.7 (+3.97%)

"All-in-all, we…

"All-in-all, we believe that TerraForm Power is well positioned to ride out the COVID-19 pandemic crisis given that 95% of our revenue is generated under long-term contracts, over 90% of our PPA offtakers are either investment grade rated or municipalities with investment grade characteristics, our business is less labor intensive than most other industries and our assets are predominantly operational, which mitigates our exposure to supply chain disruptions."

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TERP TerraForm Power
$18.35 /

+0.7 (+3.97%)

03/18/20 Oppenheimer
TerraForm Power moved to Not Rated at Oppenheimer
03/12/20 Credit Suisse
Brookfield Renewable upgraded to Neutral from Underperform at Credit Suisse
02/03/20 Credit Suisse
Brookfield Renewable downgraded to Underperform from Neutral at Credit Suisse
01/13/20 BMO Capital
TerraForm Power upgraded to Outperform from Market Perform at BMO Capital
Earnings
TerraForm Power reports Q1 EPS (24c), consensus (5c) » 07:02
05/11/20
05/11
07:02
05/11/20
07:02
TERP

TerraForm Power

$18.35 /

+0.7 (+3.97%)

Reports Q1 revenue…

Reports Q1 revenue $246.8M, consensus $264.92M. "We continued to make significant progress on the repowerings of our ~160 MW Cohocton and Steel Winds projects in New York. The projects were recently awarded REC contracts by NYSERDA for the incremental production resulting from the repowerings (~25% of the total). These REC contracts have 20 year terms at an attractive price. We also have made substantial progress on the related project agreements and are targeting executing a corporate PPA, the NYSERDA REC contracts, the turbine supply agreement with GE and tax equity agreements in the second quarter of 2020. We remain on track to commence construction in the first half of 2021. While we do not anticipate any delays due to supply chain issues resulting from the COVID-19 pandemic, we continue to actively monitor the situation."

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TERP TerraForm Power
$18.35 /

+0.7 (+3.97%)

03/18/20 Oppenheimer
TerraForm Power moved to Not Rated at Oppenheimer
03/12/20 Credit Suisse
Brookfield Renewable upgraded to Neutral from Underperform at Credit Suisse
02/03/20 Credit Suisse
Brookfield Renewable downgraded to Underperform from Neutral at Credit Suisse
01/13/20 BMO Capital
TerraForm Power upgraded to Outperform from Market Perform at BMO Capital
Over a quarter ago
Recommendations
TerraForm Power moved to Not Rated at Oppenheimer » 08:41
03/18/20
03/18
08:41
03/18/20
08:41
TERP

TerraForm Power

$15.15 /

+3.15 (+26.25%)

, BEP

Brookfield Renewable

$39.81 /

+2.07 (+5.48%)

Oppenheimer analyst Colin…

Oppenheimer analyst Colin Rusch is moving TerraForm Power (TERP) to Not Rated after the company announced a definitive merger agreement with sponsor and majority shareholder Brookfield Renewable Partners (BEP). The analyst believes the merger is likely to be approved given Brookfield Renewable's 62% ownership of TerraForm.

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TERP TerraForm Power
$15.15 /

+3.15 (+26.25%)

03/12/20 Credit Suisse
Brookfield Renewable upgraded to Neutral from Underperform at Credit Suisse
02/03/20 Credit Suisse
Brookfield Renewable downgraded to Underperform from Neutral at Credit Suisse
01/13/20 BMO Capital
TerraForm Power upgraded to Outperform from Market Perform at BMO Capital
01/13/20 BMO Capital
TerraForm Power upgraded to Outperform from Market Perform at BMO Capital
BEP Brookfield Renewable
$39.81 /

+2.07 (+5.48%)

03/13/20 National Bank
Brookfield Renewable upgraded to Outperform from Sector Perform at National Bank
03/12/20 Credit Suisse
Brookfield Renewable upgraded to Neutral from Underperform at Credit Suisse
03/03/20 RF Lafferty
Brookfield Renewable initiated with a Buy at RF Lafferty
On The Fly
Fly Intel: Pre-market Movers » 09:08
03/17/20
03/17
09:08
03/17/20
09:08
PCG

PG&E

$8.95 /

-1.25 (-12.26%)

, REGN

Regeneron

$441.55 /

-22.24 (-4.80%)

, DBI

Designer Brands

$5.95 /

-3.945 (-39.89%)

, TERP

TerraForm Power

$12.00 /

-2.76 (-18.70%)

, LRCX

Lam Research

$213.13 /

-48.29 (-18.47%)

, BAX

Baxter

$71.68 /

-9.24 (-11.42%)

, LB

L Brands

$11.63 /

-4.505 (-27.92%)

, MIK

Michaels

$2.66 /

+0.035 (+1.33%)

, BE

Bloom Energy

$5.31 /

-0.805 (-13.18%)

, MUX

McEwen Mining

$0.71 /

+0.0875 (+14.11%)

, CNK

Cinemark

$10.11 /

-4.56 (-31.09%)

, CHK

Chesapeake

$0.20 /

+0.0494 (+32.72%)

Check out this morning's…

Open Full Text

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PCG PG&E
$8.95 /

-1.25 (-12.26%)

01/28/20 Mizuho
PG&E upgraded to Buy from Neutral at Mizuho
01/15/20
Fly Intel: Top five analyst upgrades
01/15/20 Citi
PG&E upgraded to Buy from Neutral at Citi
01/15/20 Citi
PG&E upgraded to Buy from Neutral at Citi
REGN Regeneron
$441.55 /

-22.24 (-4.80%)

03/12/20 Argus
Regeneron price target raised to $540 from $430 at Argus
03/11/20 Oppenheimer
Regeneron price target raised to $525 from $450 at Oppenheimer
03/03/20 Piper Sandler
Regeneron price target raised to $500 from $435 at Piper Sandler
02/28/20 Cowen
Regeneron price target raised to $495 from $386 at Cowen
DBI Designer Brands
$5.95 /

-3.945 (-39.89%)

01/02/20
Fly Intel: Top five analyst upgrades
01/02/20 Wells Fargo
Designer Brands upgraded to Overweight from Equal Weight at Wells Fargo
01/02/20 Wells Fargo
Designer Brands upgraded to Overweight from Equal Weight at Wells Fargo
12/11/19 Needham
Designer Brands price target lowered to $17 from $26 at Needham
TERP TerraForm Power
$12.00 /

-2.76 (-18.70%)

03/12/20 Credit Suisse
Brookfield Renewable upgraded to Neutral from Underperform at Credit Suisse
02/03/20 Credit Suisse
Brookfield Renewable downgraded to Underperform from Neutral at Credit Suisse
01/13/20 BMO Capital
TerraForm Power upgraded to Outperform from Market Perform at BMO Capital
01/13/20 BMO Capital
TerraForm Power upgraded to Outperform from Market Perform at BMO Capital
LRCX Lam Research
$213.13 /

-48.29 (-18.47%)

03/13/20 Nomura Instinet
COVID-19 may create demand risk in semiconductors, says Nomura Instinet
03/10/20 Citi
Citi replaces Lam Research with Applied Materials as top equipment pick
03/05/20 BofA
Bristol-Myers, Lam Research added to US 1 List at BofA
03/04/20 DA Davidson
Lam Research positioned as clear industry outperformer, says DA Davidson
BAX Baxter
$71.68 /

-9.24 (-11.42%)

03/06/20 Credit Suisse
Baxter price target lowered to $95 from $98 at Credit Suisse
03/04/20 Citi
Baxter initiated with a Neutral at Citi
03/02/20 Wells Fargo
Baxter, J&J best positioned to weather coronavirus spread, says Wells Fargo
02/12/20 Goldman Sachs
Baxter initiated with a Buy at Goldman Sachs
LB L Brands
$11.63 /

-4.505 (-27.92%)

03/10/20 Deutsche Bank
Deutsche puts 'Catalyst Call' buy on L Brands due to coronavirus-related buying
02/28/20 UBS
L Brands price target raised to $25 from $19.50 at UBS
02/27/20 Loop Capital
Loop Capital keeps $15 target on L Brands after 'disappointing' guidance
02/27/20 MKM Partners
L Brands price target raised to $24 from $18 at MKM Partners
MIK Michaels
$2.66 /

+0.035 (+1.33%)

01/16/20
Fly Intel: Top five analyst downgrades
01/16/20 Goldman Sachs
Michaels downgraded to Sell from Neutral at Goldman Sachs
01/07/20 BofA
Aaron's, Lowe's positioned for outperformance in 2020, says BofA
12/31/19 Morgan Stanley
Michaels CEO news positive, but fundamental concerns remain, says Morgan Stanley
BE Bloom Energy
$5.31 /

-0.805 (-13.18%)

03/09/20 JPMorgan
Solar stocks providing 'unanticipated safe haven,' says JPMorgan
03/03/20 JPMorgan
JPMorgan remains constructive on Alternative Energy after Q4 results
02/20/20
Fly Intel: Top five analyst downgrades
02/20/20 Raymond James
Bloom Energy downgraded to Market Perform at Raymond James on valuation
MUX McEwen Mining
$0.71 /

+0.0875 (+14.11%)

09/10/19
Fly Intel: Top five analyst initiations
09/10/19 B. Riley FBR
B. Riley FBR starts McEwen Mining with Buy rating, $4.20 price target
09/10/19 B. Riley FBR
McEwen Mining initiated with a Buy at B. Riley FBR
04/02/19 Cantor Fitzgerald
McEwen Mining upgraded to Buy from Hold at Cantor Fitzgerald
CNK Cinemark
$10.11 /

-4.56 (-31.09%)

03/17/20 JPMorgan
JPMorgan downgrades Cinemark to Neutral on theater closings
03/17/20 JPMorgan
Cinemark downgraded to Neutral from Overweight at JPMorgan
03/10/20 JPMorgan
Cinemark price target lowered to $32 from $39 at JPMorgan
03/06/20 MKM Partners
Cinemark price target lowered to $32 from $36 at MKM Partners
CHK Chesapeake
$0.20 /

+0.0494 (+32.72%)

03/09/20
Fly Intel: Top five analyst downgrades
03/09/20 Raymond James
Raymond James adjusts energy ratings for weak near-term picture
03/09/20 Raymond James
Chesapeake downgraded to Underperform from Market Perform at Raymond James
03/09/20 SunTrust
Chesapeake downgraded to Sell from Hold at SunTrust
Earnings
TerraForm Power reports Q4 EPS (36c), consensus (1c) » 06:54
03/17/20
03/17
06:54
03/17/20
06:54
TERP

TerraForm Power

$12.00 /

-2.76 (-18.70%)

Reports Q4 revenue…

Reports Q4 revenue $206.73M, consensus $259.28M. On a same-store basis, TerraForm Power generated Adjusted EBITDA in 2019 of $413M, which was an increase of $7M or 2% compared to 2018. "In 2019, we continued to execute our growth strategy, deploying $440M of equity in accretive acquisitions in North America and Europe, advancing our two repowerings in New York and implementing full scope operations and maintenance contracts with robust performance guarantees for our wind and solar fleets," said John Stinebaugh, CEO of TerraForm Power. "Despite our substantial operational progress, 2019 was a transitional year for TerraForm Power from a financial perspective as these initiatives were phased-in over the course of the year. Going forward, we believe we are well-positioned to reap the full benefits from these initiatives."

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TERP TerraForm Power
$12.00 /

-2.76 (-18.70%)

03/12/20 Credit Suisse
Brookfield Renewable upgraded to Neutral from Underperform at Credit Suisse
02/03/20 Credit Suisse
Brookfield Renewable downgraded to Underperform from Neutral at Credit Suisse
01/13/20 BMO Capital
TerraForm Power upgraded to Outperform from Market Perform at BMO Capital
01/13/20 BMO Capital
TerraForm Power upgraded to Outperform from Market Perform at BMO Capital
Hot Stocks
Brookfield Renewable to acquire TerraForm Power » 05:13
03/17/20
03/17
05:13
03/17/20
05:13
BEP

Brookfield Renewable

$37.74 /

-5.27 (-12.25%)

, TERP

TerraForm Power

$12.00 /

-2.76 (-18.70%)

Brookfield Renewable…

Brookfield Renewable (BEP) and TerraForm Power (TERP) announced that they have entered into a definitive merger agreement for Brookfield Renewable to acquire all of the outstanding shares of Class A common stock of TerraForm Power, other than the approximately 62% currently owned by Brookfield Renewable and its affiliates. Each share of Class A common stock of TerraForm Power will be acquired for consideration equivalent to 0.381 of a Brookfield Renewable unit. For each share of TerraForm Power's Class A common stock held, TERP shareholders will be entitled to receive, at their election, either Class A shares of Brookfield Renewable or limited partnership units of Brookfield Renewable. The Special Committee of the board at TerraForm Power, comprised solely of non-executive, independent directors of TerraForm Power, has unanimously recommended that TERP shareholders approve the transaction. The Special Committee believes the transaction is fair to and in the best interests of TERP and its unaffiliated shareholders. The combined company will be one of the largest publicly-traded, globally-diversified, multi-technology, pure-play renewable power platforms, with total assets of approximately $50 billion and expected annual funds from operations of approximately $1 billion. As previously announced, Brookfield Renewable also intends to make a special distribution of BEPC shares to its unitholders. BEPC is a Canadian corporation and will be listed on the TSX and NYSE. The BEPC shares are structured with the intention of being economically equivalent to a BEP unit, including identical distributions, as and when declared, and will be fully exchangeable at any time, at the shareholder's option, for a BEP unit on a one-for-one basis. As such, offering TERP shareholders the right to elect to receive BEP units or BEPC shares provides them the option of investing in Brookfield Renewable through a partnership or corporate structure. The exchange ratio will proportionally reflect the contemplated special distribution of BEPC shares to Brookfield Renewable unitholders, which we expect to close concurrently with the closing of the transaction. The transaction is subject to, among other things, the non-waivable approval of TERP shareholders representing a majority of the outstanding shares of TERP Class A common stock not owned by Brookfield Renewable and its affiliates. The transaction is also subject to other customary closing conditions and is expected to close in Q3.

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BEP Brookfield Renewable
$37.74 /

-5.27 (-12.25%)

03/13/20 National Bank
Brookfield Renewable upgraded to Outperform from Sector Perform at National Bank
03/12/20 Credit Suisse
Brookfield Renewable upgraded to Neutral from Underperform at Credit Suisse
03/12/20 Credit Suisse
Brookfield Renewable upgraded to Neutral from Underperform at Credit Suisse
03/03/20 RF Lafferty
Brookfield Renewable initiated with a Buy at RF Lafferty
TERP TerraForm Power
$12.00 /

-2.76 (-18.70%)

02/03/20 Credit Suisse
Brookfield Renewable downgraded to Underperform from Neutral at Credit Suisse
01/13/20 BMO Capital
TerraForm Power upgraded to Outperform from Market Perform at BMO Capital
01/13/20 BMO Capital
TerraForm Power upgraded to Outperform from Market Perform at BMO Capital
Hot Stocks
Brookfield Renewable to acquire TerraForm Power  05:11
03/17/20
03/17
05:11
03/17/20
05:11
BEP

Brookfield Renewable

$37.74 /

-5.27 (-12.25%)

, TERP

TerraForm Power

$12.00 /

-2.76 (-18.70%)

 
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BEP Brookfield Renewable
$37.74 /

-5.27 (-12.25%)

03/13/20 National Bank
Brookfield Renewable upgraded to Outperform from Sector Perform at National Bank
03/12/20 Credit Suisse
Brookfield Renewable upgraded to Neutral from Underperform at Credit Suisse
03/12/20 Credit Suisse
Brookfield Renewable upgraded to Neutral from Underperform at Credit Suisse
03/03/20 RF Lafferty
Brookfield Renewable initiated with a Buy at RF Lafferty
TERP TerraForm Power
$12.00 /

-2.76 (-18.70%)

02/03/20 Credit Suisse
Brookfield Renewable downgraded to Underperform from Neutral at Credit Suisse
01/13/20 BMO Capital
TerraForm Power upgraded to Outperform from Market Perform at BMO Capital
01/13/20 BMO Capital
TerraForm Power upgraded to Outperform from Market Perform at BMO Capital
Upgrade
Brookfield Renewable upgraded to Neutral from Underperform at Credit Suisse » 06:24
03/12/20
03/12
06:24
03/12/20
06:24
BEP

Brookfield Renewable

$44.51 /

-3.18 (-6.67%)

, TERP

TerraForm Power

$16.29 /

-1.4 (-7.91%)

Credit Suisse analyst…

Credit Suisse analyst Andrew Kuske upgraded Brookfield Renewable (BEP) to Neutral from Underperform with a price target of C$64, up from C$60, citing the recent market downdraft, a significant impact on much of the hydrocarbon complex and continued declines in risk-free rates. In a research note to investors, Kuske says Brookfield faces a number of thematically positive trends given the firm's large scale and global renewable power generation platform amidst the longer-term de-carbonization of the power system, adding that one near-term potential headwind is the stock split of Brookfield Renewable Power Corporation and those future shares being used for the acquisition of the shares not already owned in TerraForm Power (TERP). The analyst says the stock remains one of the more expensive stocks in his coverage universe, but that the current market environment tends to benefit Brookfield longer-term.

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BEP Brookfield Renewable
$44.51 /

-3.18 (-6.67%)

03/12/20 Credit Suisse
Brookfield Renewable upgraded to Neutral from Underperform at Credit Suisse
03/03/20 RF Lafferty
Brookfield Renewable initiated with a Buy at RF Lafferty
02/03/20 Credit Suisse
Brookfield Renewable downgraded to Underperform from Neutral at Credit Suisse
11/12/19 TD Securities
Brookfield Renewable downgraded to Hold from Buy at TD Securities
TERP TerraForm Power
$16.29 /

-1.4 (-7.91%)

01/13/20 BMO Capital
TerraForm Power upgraded to Outperform from Market Perform at BMO Capital
01/13/20 BMO Capital
TerraForm Power upgraded to Outperform from Market Perform at BMO Capital
10/08/19
Fly Intel: Top five analyst downgrades
Hot Stocks
TerraForm Power to delay filing annual report on Form 10-K » 16:59
03/02/20
03/02
16:59
03/02/20
16:59
TERP

TerraForm Power

$19.65 /

+0.84 (+4.47%)

TerraForm Power is unable…

TerraForm Power is unable to timely file its Annual Report on Form 10-K for the year ended December 31, 2019 without unreasonable effort and expense. The company's delay in filing the Form 10-K is due principally to the need for additional time for the company to finalize, and for its independent public accounting firm to complete its audit of, the company's annual financial statements. The company intends to file its Form 10-K within the 15-calendar day period set forth in Rule 12b-25(b) under the Securities Exchange Act of 1934, as amended.

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TERP TerraForm Power
$19.65 /

+0.84 (+4.47%)

02/03/20 Credit Suisse
Brookfield Renewable downgraded to Underperform from Neutral at Credit Suisse
01/13/20 BMO Capital
TerraForm Power upgraded to Outperform from Market Perform at BMO Capital
01/13/20 BMO Capital
TerraForm Power upgraded to Outperform from Market Perform at BMO Capital
10/08/19
Fly Intel: Top five analyst downgrades
Downgrade
Brookfield Renewable downgraded to Underperform from Neutral at Credit Suisse » 06:07
02/03/20
02/03
06:07
02/03/20
06:07
BEP

Brookfield Renewable

$48.82 /

+0.82 (+1.71%)

, TERP

TerraForm Power

$18.09 /

+0.13 (+0.72%)

Credit Suisse analyst…

Credit Suisse analyst Andrew Kuske downgraded Brookfield Renewable Partners LP to Underperform from Neutral with an unchanged price target of C$60. The analyst views Brookfield Renewable's performance being largely tied to the proposed purchase of the affiliate TerraForm Power (TERP). He sees the stock as being "very range bound."

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BEP Brookfield Renewable
$48.82 /

+0.82 (+1.71%)

11/12/19 TD Securities
Brookfield Renewable downgraded to Hold from Buy at TD Securities
07/25/19 Credit Suisse
Brookfield Renewable downgraded to Neutral from Outperform at Credit Suisse
07/11/19 Barclays
Brookfield Renewable initiated with an Overweight at Barclays
07/04/19 BMO Capital
Brookfield Renewable target raised to $35 on X-Elio deal at BMO Capital
TERP TerraForm Power
$18.09 /

+0.13 (+0.72%)

01/13/20 BMO Capital
TerraForm Power upgraded to Outperform from Market Perform at BMO Capital
01/13/20 BMO Capital
TerraForm Power upgraded to Outperform from Market Perform at BMO Capital
10/08/19
Fly Intel: Top five analyst downgrades
10/08/19 Barclays
Barclays upgrades NextEra to Overweight, downgrades TerraForm to Equal Weight

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