TerraForm Power +38% as Brookfield officially becomes sponsor [Seeking Alpha]
TERRAFORM POWER (TERP)
Last terraform power earnings: 3/17 06:50 am
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US:NASDAQ Investor Relations:
ir.terraform.com/phoenix.zhtml?c=253464&p=irol-irhome
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Source: Seeking Alpha
TerraForm Power +38% as Brookfield officially becomes sponsorTerraForm Power (TERP+38.1%) skyrockets after Brookfield Asset Management (BAM+0.5%) formallycompletes its acquisition of a 51% stake in the renewables yieldco, BAM also is now TERP's new sponsor, replacing SunEdison, which went bankrupt earlier this year.Inpresentation slides, TERP says it expects FY 2017 pro-forma FY net losses of $185M-$205M2017 revenue of $575M-$595M, cash available for distribution of $105M-$125M, and adjusted EBITDA of $430M-$450M.See all stocks on the move »
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