Trade-Ideas LLC identified

TerraForm Power



) as a strong on high relative volume candidate. In addition to specific proprietary factors, Trade-Ideas identified TerraForm Power as such a stock due to the following factors:

  • TERP has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $58.2 million.
  • TERP has traded 1.8 million shares today.
  • TERP is trading at 7.40 times the normal volume for the stock at this time of day.
  • TERP is trading at a new high 5.03% above yesterday's close.

'Strong on High Relative Volume' stocks are worth watching because major volume moves tend to indicate underlying activity such as M&A events, material stock news, analyst upgrades, insider buying, buying from 'superinvestors,' or that hedge funds and momentum traders are piling into a stock ahead of a catalyst. Regardless of the impetus behind the price and volume action, when a stock moves with strength and volume it can indicate the start of a new trend on which early investors can capitalize. In the event of a well-timed trading opportunity, combining technical indicators with fundamental trends and a disciplined trading methodology should help you take the first steps towards investment success.

EXCLUSIVE OFFER: Get the inside scoop on opportunities in TERP with the Ticky from Trade-Ideas. See the FREE profile for TERP NOW at Trade-Ideas

More details on TERP:

TerraForm Power, Inc. owns and operates solar and wind generation assets serving utility, commercial, and residential customers. The stock currently has a dividend yield of 16%. Currently there are 2 analysts that rate TerraForm Power a buy, no analysts rate it a sell, and 4 rate it a hold.

The average volume for TerraForm Power has been 2.7 million shares per day over the past 30 days. TerraForm has a market cap of $1.2 billion and is part of the utilities sector and utilities industry. Shares are down 17.8% year-to-date as of the close of trading on Wednesday.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.


TheStreet Quant Ratings

rates TerraForm Power as a


. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income and generally high debt management risk.

Highlights from the ratings report include:

  • The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Independent Power Producers & Energy Traders industry. The net income has significantly decreased by 286.6% when compared to the same quarter one year ago, falling from $1.91 million to -$3.56 million.
  • Although TERP's debt-to-equity ratio of 2.09 is very high, it is currently less than that of the industry average. Despite the company's weak debt-to-equity ratio, the company has managed to keep a very strong quick ratio of 3.09, which shows the ability to cover short-term cash needs.
  • TERP's stock share price has done very poorly compared to where it was a year ago: Despite any rallies, the net result is that it is down by 76.70%, which is also worse that the performance of the S&P 500 Index. Investors have so far failed to pay much attention to the earnings improvements the company has managed to achieve over the last quarter.
  • The gross profit margin for TERRAFORM POWER INC is currently very high, coming in at 72.93%. It has increased from the same quarter the previous year. Regardless of the strong results of the gross profit margin, the net profit margin of -2.18% trails the industry average.
  • Net operating cash flow has significantly increased by 285.17% to $69.96 million when compared to the same quarter last year. In addition, TERRAFORM POWER INC has also vastly surpassed the industry average cash flow growth rate of -50.34%.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.