Purchase Streak at TerraForm Power Inc. (TERP): 6 Insiders Buy Stock


TerraForm Power Inc. (NASDAQ:TERP) saw a large stock acquisition streak break out yesterday, with six of its insiders reporting, some larger and some smaller, stock purchases. Company Director Steven Vincent Tesoriere closed the largest transaction, by acquiring 1.8 million shares of Class A Common Stock, indirectly through the Altai Capital Master Fund, Ltd., and paying a price of $25.00 per share.

The second largest purchase was made by TerraForm’s President and Chief Executive Officer, Carlos Domenech, who bought 40,000 shares of Class A Common Stock, indirectly through his children, and also paid a price of $25.00 per share. Kevin Lapidus, the firm’s Senior Vice President of Corporate Development, bought 13,000 shares of Common Stock through his children, while Director Mark Lerdal directly purchased 10,000 shares, both of them paying $25.00 per share.

The smaller stock acquisitions were executed by Directors Martin Troung and Brian Wuebbels, who bought 7,500 shares and 5,000 shares, respectively, paying a price of $25.00 per share.

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