TerraForm Global Inc. (NASDAQ:GLBL) saw an uptick in trading volume on Monday . 1,017,135 shares changed hands during trading, a decline of 14% from the previous session’s volume of 1,187,409 shares.The stock last traded at $3.73 and had previously closed at $3.53.

Several research firms have weighed in on GLBL. Goldman Sachs Group Inc. reiterated a “sell” rating and set a $1.50 price target on shares of TerraForm Global in a research note on Monday, May 2nd. Zacks Investment Research downgraded TerraForm Global from a “hold” rating to a “sell” rating in a research note on Friday, April 8th. Avondale Partners upgraded TerraForm Global to a “buy” rating in a research note on Wednesday, June 29th. Finally, Deutsche Bank AG reiterated a “hold” rating on shares of TerraForm Global in a research note on Thursday, March 31st. Seven investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $8.14.

The firm’s market capitalization is $434.16 million. The firm has a 50-day moving average price of $3.08 and a 200-day moving average price of $3.07.

A hedge fund recently bought a new stake 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 filing with the Securities and Exchange Commission. The firm purchased 253,760 shares of the company’s stock, valued at approximately $1,419,000. Ecofin Ltd. owned 0.22% of TerraForm Global as of its most recent filing with the SEC.

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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