to-the-point: TerraForm Power regains compliance with Nasdaq rules

Author: bfishadow. License: Creative Commons, Attribution 2.0 Generic

May 22 (Renewables Now) - US renewable power plants operator TerraForm Power Inc (NASDAQ:TERP) said on Monday that it has regained compliance with Nasdaq’s listing rules after initially failing to file a Form 10-Q on time.

The yieldco got a non-compliance notice from the stock exchange operator a week ago after failing to timely file its Form 10-Q for the period ended March 31, 2018. It managed to regain compliance on Monday, when it filed the first-quarter Form 10-Q with the US Securities and Exchange Commission (SEC). The matter is now closed, TerraForm Power said in a statement.

The yieldco is controlled by Canada’s Brookfield Asset Management Inc (TSE:BAM.A).

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