TerraForm Global Inc. (NASDAQ:GLBL) dropped 0.9% during trading on Thursday . The stock traded as low as $3.28 and last traded at $3.34, with a volume of 186,638 shares. The stock had previously closed at $3.37.

GLBL has been the subject of several recent analyst reports. Avondale Partners raised shares of TerraForm Global to a “buy” rating in a report on Wednesday, June 29th. Deutsche Bank AG cut their price target on shares of TerraForm Global from $4.00 to $2.00 and set a “hold” rating for the company in a report on Tuesday, March 29th. Zacks Investment Research raised shares of TerraForm Global from a “sell” rating to a “hold” rating in a report on Wednesday, April 27th. Finally, Goldman Sachs Group Inc. reaffirmed a “sell” rating and set a $1.50 target price on shares of TerraForm Global in a report on Monday, May 2nd. One analyst has rated the stock with a sell rating, six have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $7.98.

The firm’s 50-day moving average is $2.96 and its 200 day moving average is $3.16. The stock’s market cap is $383.98 million.

An institutional investor recently bought a new position in TerraForm Global stock. Ecofin Ltd. purchased a new stake in TerraForm Global Inc. (NASDAQ:GLBL) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 253,760 shares of the company’s stock, valued at approximately $1,419,000. Ecofin Ltd. owned about 0.22% of TerraForm Global as of its most recent SEC filing.

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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