TerraForm Power (NASDAQ:TERP) offers a 6.8% dividend yield (on FY2018 target dividend), in line with the peer group average. Brookfield's (NYSE:BAM) involvement has brought momentum to TERP with projections of strong dividend growth, operational improvements, and debt structure optimization. However, accretive transactions remain integral to long-term growth. For now, TERP seems largely dependent on a particular large transaction involving Saeta Yield ("Saeta").
This article builds on our previous article, "TerraForm Power Q3 Results Have Disappointed, But Growth Prospects Are Promising", and provides an update on the Q4 2017 results and the Saeta acquisition.
