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TerraForm Power Inc (TERP.OQ)

TERP.OQ on NASDAQ Stock Exchange Global Select Market

13.68USD
19 Oct 2017
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Latest Key Developments (Source: Significant Developments)

Terraform Power Operating enters new senior secured revolving credit facility‍​ ‍​
Tuesday, 17 Oct 2017 

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 

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 

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 

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
Saturday, 30 Sep 2017 

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

Terraform Power says turnover and workforce reductions may cause to experience disruptions to operations
Saturday, 30 Sep 2017 

Sept 29 (Reuters) - Terraform Power Inc :Terraform Power says as result of relocation of headquarters to New York, expects to experience significant turnover in current workforce - SEC filing.Terraform Power says turnover and other reductions in workforce may cause to experience disruptions to operations.  Full Article

Terraform Power q2 earnings $0.06 per share of class A common stock
Friday, 29 Sep 2017 

Sept 29 (Reuters) - Terraform Power Inc ::Terraform Power reports 2Q 2017 financial results and files form 10-Q.Says qtrly‍​ revenue $170 million versus $187 million.Says qtrly earnings $0.06 per share of class A common stock.Says continue to expect Brookfield transaction to close early in the fourth quarter‍​.  Full Article

Terraform power Q1 loss per share $0.37 - SEC filing
Tuesday, 29 Aug 2017 

Aug 30 (Reuters) - Terraform Power Inc :Q1 loss per share $0.37 - SEC filing.Q1 earnings per share view $-0.33 -- Thomson Reuters I/B/E/S.Qtrly revenue $151.1 million.Q1 earnings per share view $-0.33, revenue view $150.5 million -- Thomson Reuters I/B/E/S.  Full Article

Terraform Power unit enters twelfth amendment to credit, guaranty agreement
Friday, 11 Aug 2017 

Aug 11 (Reuters) - Terraform Power Inc ::Terraform Power -on Aug 10, Terraform Power Operating LLC, unit of co, entered twelfth amendment to its credit & guaranty agreement, dated Jan 28, 2015‍​.Terraform Power Inc - ‍under terms of amendment, unit agreed to permanently reduce amount of revolving commitments available under revolver by $50 million​.Terraform Power Inc says ‍after reduction in revolving commitments, total borrowing capacity of unit under revolver will equal $520.0 million - SEC filing​.  Full Article

TerraForm Power announces receipt of Nasdaq letter
Friday, 11 Aug 2017 

Aug 11 (Reuters) - TerraForm Power Inc :TerraForm Power announces receipt of Nasdaq letter.TerraForm Power Inc - ‍on August 10, received a notification letter from a senior director of Nasdaq listing qualifications​.TerraForm Power-letter stated as co has not yet filed 10-Q for quarter ended June 30, 2017, this serves as additional basis for delisting co's securities​.  Full Article

BRIEF-Terraform Power Operating enters new senior secured revolving credit facility‍​ ‍​

* Terraform Power Inc - on October 17, Terraform Power Operating LLC, unit of co, entered into a new senior secured revolving credit facility‍​ ‍​