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TerraForm Power Inc (TERP.OQ)

TERP.OQ on NASDAQ Stock Exchange Global Select Market

11.16USD
12:49pm EST
Change (% chg)

$-0.21 (-1.85%)
Prev Close
$11.37
Open
$11.37
Day's High
$11.42
Day's Low
$11.15
Volume
28,417
Avg. Vol
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52-wk High
$14.50
52-wk Low
$10.93

Latest Key Developments (Source: Significant Developments)

TerraForm Power Prices $1.2 Bln Offering Of Senior Notes
Tuesday, 28 Nov 2017 04:26pm EST 

Nov 28 (Reuters) - TerraForm Power Inc ::TERRAFORM POWER PRICES $1.2 BILLION OFFERING OF SENIOR NOTES.TERRAFORM POWER INC - ‍OFFERING IS COMPRISED OF $500 MILLION OF 4.25% SENIOR NOTES DUE 2023 AT AN INITIAL OFFERING PRICE OF 100% OF PRINCIPAL AMOUNT​.TERRAFORM POWER - OFFERING ALSO COMPRISED OF $700 MILLION OF 5.00% SENIOR NOTES DUE 2028 AT INITIAL OFFERING PRICE OF 100% OF PRINCIPAL AMOUNT.  Full Article

Terraform Power Issues Conditional Call Redemption Notice For Senior Notes Due 2023
Monday, 27 Nov 2017 01:50pm EST 

Nov 27 (Reuters) - Terraform Power Inc ::TERRAFORM POWER ISSUES CONDITIONAL CALL REDEMPTION NOTICE FOR ITS $950 MILLION SENIOR NOTES DUE 2023.UNIT DELIVERED NOTICE OF REDEMPTION OF ALL OUTSTANDING $950 MILLION OF 5.875% SENIOR NOTES DUE 2023​.REDEMPTION DATE FOR 2023 NOTES PROVIDED IN NOTICE OF REDEMPTION IS DECEMBER 12, 2017​.  Full Article

Terraform Power Announces Proposed $1 Billion Offering Of Senior Notes
Monday, 27 Nov 2017 01:49pm EST 

Nov 27 (Reuters) - Terraform Power Inc ::TERRAFORM POWER ANNOUNCES PROPOSED AGGREGATE $1 BILLION OFFERING OF SENIOR NOTES.TERRAFORM POWER INC - SENIOR NOTES TO BE ISSUED IN ONE OR MORE SERIES WILL HAVE MATURITIES UP TO ABOUT 10 YEARS​.TERRAFORM POWER - UNIT INTENDS TO USE PROCEEDS TO REDEEM IN FULL EXISTING $950 MILLION SENIOR NOTES DUE IN 2023​.  Full Article

TerraForm Power files for offering of up to 34.3 mln shares of class A common stock
Thursday, 16 Nov 2017 06:14am EST 

Nov 16 (Reuters) - TerraForm Power Inc :TerraForm Power Inc files for offering of up to 34.3 million shares of class A common stock ‍​by the selling stockholders - SEC filing.  Full Article

Terraform Power posts Q3 net loss per share $0.31‍​
Thursday, 9 Nov 2017 05:30pm EST 

Nov 9 (Reuters) - Terraform Power Inc :Terraform Power reports third quarter 2017 results.Terraform Power Inc - qtrly net loss per share $ 0.31‍​.Terraform Power Inc - qtrly net operating revenues $153.4 million versus $178.1 million.Q3 earnings per share view $-0.27, revenue view $153.3 million -- Thomson Reuters I/B/E/S.  Full Article

Terraform Power Operating enters new senior secured revolving credit facility‍​ ‍​
Tuesday, 17 Oct 2017 05:55pm EDT 

Oct 17 (Reuters) - Terraform Power Inc :Terraform Power Inc - on October 17, Terraform Power Operating LLC, unit of co, entered into a new senior secured revolving credit facility‍​ ‍​.Terraform Power Inc - ‍new revolver consists of a revolving credit facility in an initial amount of $450.0 million​.Terraform Power Inc - ‍new revolver will be used to refinance existing revolver entered into by TERP operating in January 2015 and for other​ purposes.  Full Article

Terraform Power sees FY 2017 pro-forma revenue $575 mln to $595 mln - presentation slides
Tuesday, 17 Oct 2017 06:52am EDT 

Oct 17 (Reuters) - Brookfield Asset Management Inc : :Terraform Power ‍​sees FY 2017 pro-forma revenue $575 million to $595 million - presentation slides.Terraform Power Inc - sees ‍2017 pro-forma cash available for distribution (CAFD) $105-125 million​.Terraform Power Inc - sees ‍2017 pro-forma net loss $185-205 million​.Terraform Power Inc - sees 2017 pro-forma ‍adj. EBITDA $430 - $450 million ​.  Full Article

TerraForm Power says ‍stockholders as of merger effective time to receive special dividend of $1.94 per share​
Friday, 13 Oct 2017 04:30pm EDT 

Oct 13 (Reuters) - TerraForm Power Inc -:TerraForm Power Inc announces stock oversubscription in merger consideration election.TerraForm Power Inc - ‍stockholders as of merger effective time to receive special dividend of $1.94 per share​.TerraForm Power Inc - ‍expected ex-dividend date for special dividend of Tuesday, October 17, 2017​.TerraForm Power Inc -‍special dividend to be payable in cash to Class A stockholders of record on closing date, prior to effective time of merger​.  Full Article

TerraForm Power-‍fleet performance continued to be impacted in Q2
Monday, 2 Oct 2017 04:30pm EDT 

Oct 2 (Reuters) - TerraForm Power Inc :TerraForm Power-‍fleet performance continued to be impacted in q2 by lower than expected solar fleet availability, lower than average solar resource​.TerraForm Power-says ‍on track to satisfy conditions to closing Brookfield deal; expect to close transaction in early Q4 - presentation slides.TerraForm Power- continues to believe that co on track to achieve FY 2017 estimate ranges communicated on Aug 1, except for net loss.TerraForm Power sees FY net loss in a range of $160 million - $180 million.  Full Article

Terraform Power says Brookfield expects to relocate headquarters post closing
Friday, 29 Sep 2017 07:08pm EDT 

Sept 29 (Reuters) - Terraform Power Inc :Brookfield expects to relocate headquarters post closing which could lead to significant turnover in its current workforce.Turnover and other reductions in workforce due to Brookfield headquarter relocation may cause co to see disruptions to operations.Says disruptions to operations due to Brookfield headquarter relocation could have an "adverse effect on our business"- SEC filing.Brookfield expects to relocate headquarters post closing which could lead to significant turnover in its current workforce​.  Full Article