An investigation on behalf of investors in TerraForm Power Inc (NASDAQ:TERP) shares over potential wrongdoing at TerraForm Power was announced and NASDAQ:TERP stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 02/10/2016 -- An investigation for shareholders in TerraForm Power Inc was announced over potential breaches of fiduciary duties by certain TerraForm Power directors.
Investors who purchased shares of TerraForm Power Inc (NASDAQ:TERP) have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain TerraForm Power officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
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 $6.73 per share on November 25, 2015.
On February 8, 2016, NASDAQ:TERP shares closed at $8.38 per share.
Those who purchased shares of TerraForm Power Inc (NASDAQ:TERP) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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