Why I Love TerraForm Power, Inc.
TerraForm Power (NASDAQ: TERP) hasn't won the affection of investors since going public a few years ago, given that its stock is down nearly 60% over that timeframe. That said, the plunge isn't entirely its fault: The company's now bankrupt parent used it as a vehicle to rapidly expand, which resulted in it taking on a mountain of debt.
However, TerraForm Power is about to gain a new parent when alternative asset manager Brookfield Asset Management (NYSE: BAM) takes control later this year. I love that new relationship, because it should help TerraForm Power get back on solid ground -- Brookfield is providing TerraForm with direct financial and operational support to enable it to grow. Furthermore, Brookfield has a knack for creating value for investors, including helping its other renewable-power vehicle Brookfield Renewable Partners (NYSE: BEP) deliver a 14% compound annualized return since 2011.
Image source: Getty Images.
Source: Fool.com
Brookfield Corp. Stock
We see a rather positive sentiment for Brookfield Corp. with 14 Buy predictions and 1 Sell predictions.
As a result the target price of 42 € shows a slightly positive potential of 5.0% compared to the current price of 40.0 € for Brookfield Corp..
