This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration. Need a new registration confirmation email? Click here
NEW YORK (TheStreet) -- TerraForm Power(TERP - Get Report), a subsidiary of SunEdison (SUNE), soared more than 30% on Friday, its first day of trading after its IPO.
The company priced its initial public offering of 20,065,000 shares at $25 a share, the high end of an increased price range. The offering includes a 30-day option for underwriters to purchase up to an additional 3,009,750 shares.
The stock opened at $33.26 and hit a high of $34.34 as of 11:22 a.m., by which point more than 11 million shares had changed hands.