TerraForm Global Inc. (GLBL) Shares Down 2.4%
TerraForm Global Inc. (NASDAQ:GLBL) shares fell 2.4% on Tuesday . The stock traded as low as $3.59 and last traded at $3.63, with a volume of 1,465,658 shares changing hands. The stock had previously closed at $3.72.
Several brokerages recently weighed in on GLBL. Goldman Sachs Group Inc. upgraded TerraForm Global from a “sell” rating to a “neutral” rating and lifted their price target for the company from $1.50 to $3.25 in a research report on Thursday, July 21st. Avondale Partners upgraded TerraForm Global to a “buy” rating in a research report on Wednesday, June 29th. Zacks Investment Research upgraded TerraForm Global from a “sell” rating to a “hold” rating in a research report on Wednesday, April 27th. Finally, Deutsche Bank AG reissued a “hold” rating on shares of TerraForm Global in a report on Thursday, March 31st. Seven equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $8.14.
The stock’s market cap is $423.66 million. The stock has a 50 day moving average price of $3.10 and a 200 day moving average price of $3.06.
A hedge fund recently bought a new stake in TerraForm Global stock. Teacher Retirement System of Texas bought a new position in shares of TerraForm Global Inc. (NASDAQ:GLBL) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 474,485 shares of the company’s stock, valued at approximately $2,652,000. Teacher Retirement System of Texas owned about 0.41% 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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