TerraForm Global Inc. (GLBL) Stock Price Up 2.2%
Shares of TerraForm Global Inc. (NASDAQ:GLBL) rose 2.2% during trading on Tuesday . The stock traded as high as $3.34 and last traded at $3.27, with a volume of 376,145 shares changing hands. The stock had previously closed at $3.20.
GLBL has been the topic of several analyst reports. Avondale Partners upgraded TerraForm Global to a “buy” rating in a report on Wednesday, June 29th. Deutsche Bank AG reduced their target price on TerraForm Global from $4.00 to $2.00 and set a “hold” rating on the stock in a report on Tuesday, March 29th. Goldman Sachs Group Inc. cut their price target on TerraForm Global from $3.00 to $1.50 and set a “sell” rating on the stock in a report on Wednesday, March 30th. Finally, Zacks Investment Research cut TerraForm Global from a “hold” rating to a “sell” rating in a report on Friday, April 8th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $7.98.
The stock’s market cap is $388.64 million. The stock has a 50-day moving average price of $2.84 and a 200 day moving average price of $3.24.
A hedge fund recently bought a new stake in TerraForm Global stock. Ecofin Ltd. acquired a new position in shares of TerraForm Global Inc. (NASDAQ:GLBL) during the fourth quarter, Holdings Channel reports. The fund acquired 253,760 shares of the company’s stock, valued at approximately $1,419,000. Ecofin Ltd. owned approximately 0.22% of TerraForm Global at the end of the most recent reporting period.
TerraForm Global, Inc is a holding company. The Company owns interest in TerraForm Global, LLC, a diversified renewable energy company that owns long-term contracted wind, solar and hydro-electric power plants. The Company’s portfolio of projects include Hercules (China), NSM 24 (India), NSM Suryalabh (India), NSM Sitara (India), NSM L’Volta (India), Brakes (India), Raj 5 (India), Focal (India), Bhakrani (India), Gadag (India), Hanumanhatti (India), Boshoff (South Africa), Klipheuwel (South Africa), Koonkoonsies (South Africa), Witkop (South Africa), Soutpan (South Africa), Silverstar Pavilion (Malaysia), Fortune 11 (Malaysia), PP Solar (Thailand), ESPRA (Brazil), El Naranjal (Uruguay), Del Litoral (Uruguay), Alto Cielo (Uruguay) and LAP Portfolio (Peru).
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