TerraForm Power Reports First Quarter 2020 Results

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Go back to TerraForm Power Reports First Quarter 2020 Results

TerraForm Power (TERP) Misses Q1 EPS by 19c, Revenues Miss

May 11, 2020 6:54 AM EDT

TerraForm Power (NASDAQ: TERP) reported Q1 EPS of ($0.24), $0.19 worse than the analyst estimate of ($0.05). Revenue for the quarter came in at $246.76 million versus the consensus estimate of $264.92 million.

Since October of 2017, when Brookfield became our sponsor, we have made tremendous progress enhancing the value of our existing asset base and investing in accretive acquisitions to expand our scope of operations, said John Stinebaugh, CEO of Terraform Power. On March 17, Brookfield Renewable entered into a merger agreement to acquire Terraform Powers public shares in exchange for a significant interest in the combined business. We... More