Here’s Who Just Picked Up Terraform Power Inc. (NASDAQ:TERP) Shares

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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 2017-03-08.

The acquisition brings the aggregate amount owned by Brookfield Asset Management Inc. to a total of 11,075,000 representing a 12.16% stake in the company.

For those not familiar with the company, TerraForm Power, Inc. is a United States-based holding company. The Company owns clean power generation assets. This includes solar and wind assets located in the United States, Canada and other markets. Its clean power generation assets serve utility, commercial and residential customers. As of December 31, 2016, the Company’s portfolio consisted of renewable energy facilities located in the United States, Canada, the United Kingdom and Chile with a combined nameplate capacity of 2,983.1 megawatts. It owns and operates over 500 hundred wind and solar clean energy power installations. Its projects include Bluebird, River Mountains Solar, Laho Solar, SunE Perpetual Lindsday, Sandringham, California Public institutions and Summit Solar Projects. The Company holds interest in TerraForm Power, LLC (Terra LLC), which is an owner and operator of renewable energy facilities that have long-term contractual arrangements to sell the electricity generated by these facilities to third parties.

A glance at Terraform Power Inc. (NASDAQ:TERP)’s key stats reveals a current market capitalization of 1.72 billion based on 91.10 Million shares outstanding and a price at last close of $11.97 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.

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