TerraForm Power takes off following IPO; SunEdison pares gains

TerraForm (NASDAQ:TERP) opened at $33.26 and is currently at $33.45, up 33.8% from a $25 IPO price.

The SunEdison (SUNE +0.3%) solar project YieldCo is worth $3.17B. Its strong debut could pave the way for similar YieldCo offerings from other solar firms. '

Deutsche predicted last month its expects ""the emergence of 5-6 publicly traded YieldCos over the next 12-18 months to act as a robust growth enabler" for the solar industry.

Prospectus, IPO analysis

Prior TerraForm coverage

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