Here's Why The Best Is Yet to Come for TerraForm Power, Inc.
Shares of TerraForm Power Inc (NASDAQ: TERP) have finally stabilized after Brookfield Asset Management (NYSE: BAM) agreed to buy a majority stake in the company and become its sponsor. SunEdison, which founded TerraForm Power, went bankrupt last year, leaving the yieldco with an uncertain future and unable to file quarterly reports, since it shared back-office functions with SunEdison, leaving investors with little information on the stock.
Brookfield will bring stability to the company's operations and its finances, which should help the yieldco after the buyout closes. Technical defaults will be cleared up and frozen cash on the balance sheet (because of defaults) should be freed to pay down debt, buy growth projects, or pay a dividend. And getting regular quarterly reports will give investors confidence in the company once again.
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Source: Fool.com
Brookfield Corp. Stock
With 13 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
On the other hand, the target price of 43 € is below the current price of 44.4 € for Brookfield Corp., so the potential is actually -3.15%.
