An investigation for investors in TerraForm Power Inc (NASDAQ:TERP) shares over potential securities laws violations by TerraForm Power Inc was announced and NASDAQ:TERP stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 09/22/2015 -- An investigation for investors, who purchased NASDAQ:TERP shares, over potential violations of securities laws by TerraForm Power Inc in connection certain financial statements was announced.
Investors who purchased shares of TerraForm Power Inc (NASDAQ:TERP), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation or call 858-779-1554.
The investigation by a law firm focuses on whether a series of statements regarding by TerraForm Power's business, its prospects and its operations were materially false and misleading at the time they were made.
TerraForm Power Inc reported that its annual Total Revenue rose from $17.47 million in 2013 to $125.86 million in 2014 while its respective Net Loss increased from $0.28 million to $35.97 million.
Shares of TerraForm Power Inc (NASDAQ:TERP) grew from $22.83 per share in October 2014 to as high as $42.15 per share in April 2015.
Since then NASDAQ:TERP shares lost significant value. In fact NASDAQ:TERP shares declined to as low as $22.43 per share on August 12, 2015.
On August 15, 2015, NASDAQ:TERP shares closed at $ Per share.
Those who purchased shares of TerraForm Power Inc (NASDAQ:TERP) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego