BAM - TerraForm Power Is A Buy For Dividend Growth Investors But Caution Is Warranted

Investment Thesis

TerraForm Power (TERP) is a renewable power company that owns wind and solar assets in North America, Europe, and, to a lesser degree, South America. It boasts around $9 billion of power-generating assets and slightly over 4,000 megawatts ("MW") of capacity. Incorporating its most recent acquisition (which will be addressed below), the majority of TERP's power generation now comes from solar at 55%, while the remainder (45%) is derived from wind.

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TERP is currently trying to walk a tight rope of growing revenue organically and through acquisitions while cutting

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