Brookfield Asset Management Just Picked Up Terraform Power Inc. (NASDAQ:TERP) Shares

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC),...
Stay Ahead of the
Stock Market Game!
Subscribe to Small Cap
Exclusive for more

trending

Guess Who Picked Up Vanda Pharmaceuticals Inc. (NASD...
Here's Who Just Picked Up Scientific Industries Inc....
Therma Bright Inc (TSXV:THRM) (OTCQB:TBRIF) Signs Th...

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Terraform Power Inc. (NASDAQ:TERP) reported that Brookfield Asset Management Inc. has picked up 11,075,000 of common stock as of 2017-01-23.

The acquisition brings the aggregate amount owned by Brookfield Asset Management Inc. to a total of 11,075,000 representing a 12.12% stake in the company.

For those not familiar with the company, TerraForm Power, Inc. is a diversified owner of clean power generation assets in developed markets. This includes solar and wind assets located in the United States, Canada, the United Kingdom and Chile. The Company’s 2,967 megawatts renewable energy portfolio enables power production around the clock.

A glance at Terraform Power Inc. (NASDAQ:TERP)’s key stats reveals a current market capitalization of 1.65 billion based on 91.35 million shares outstanding and a price at last close of $12.17 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2015-11-24, Bluemountain picked up 7,539 at a purchase price of $8.14. This brings their total holding to 348,082 as of the date of the filing.

On the sell side, the most recent transaction saw Bluemountain unload 1,898 shares at a sale price of $8.78. This brings their total holding to 346,184.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Terraform Power Inc. (NASDAQ:TERP) as things move forward to see if its progress aligns with these transactions.

Subscribe below and we’ll keep you on top of what’s happening before it moves markets.

 

 

Stay in the lopp :

Blackstone Holdings is Buying NCR Corp (NYSE:...
In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), NCR Corp (NYSE:NCR) reported that Blackstone Holdings Iii L.p. has
Dark Pulse Inc (DPLS) Stock Skyrocketed 625% ...

Investors are always on the lookout for stocks that can generate considerable returns within a few weeks and if you are looking for

Lone Star Value Management Picked Up Ciber In...
In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Ciber Inc (NYSE:CBR) reported that Lone Star Value Management has

related post

Skip to content