TerraForm Global Inc. (GLBL) Trading Up 4.5%
TerraForm Global Inc. (NASDAQ:GLBL) shares were up 4.5% during mid-day trading on Friday . The stock traded as high as $3.51 and last traded at $3.48, with a volume of 743,601 shares trading hands. The stock had previously closed at $3.33.
Several research analysts have issued reports on GLBL shares. Zacks Investment Research lowered TerraForm Global from a “hold” rating to a “sell” rating in a research report on Thursday, April 21st. Deutsche Bank AG reiterated a “hold” rating on shares of TerraForm Global in a report on Thursday, March 31st. Goldman Sachs Group Inc. reiterated a “sell” rating on shares of TerraForm Global in a report on Thursday, March 31st. Finally, Avondale Partners upgraded TerraForm Global to a “buy” rating in a report on Wednesday, June 29th. Seven equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $8.14.
The firm’s market capitalization is $406.15 million. The company has a 50-day moving average price of $3.14 and a 200 day moving average price of $3.07.
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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