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.
Image source: Getty Images.
Source: Fool.com
Brookfield Corp. Aktie
Einige positive Einschätzungen für Brookfield Corp. mit mehr Buy- als Sell-Einschätzungen.
Die Community prognostiziert für Brookfield Corp. ein Kursziel von 42 €, was einen leichten Anstieg gegenüber 41.1 € darstellt.
