TerraForm Global Inc. (GLBL) Shares Up 4.5%
Shares of TerraForm Global Inc. (NASDAQ:GLBL) shot up 4.5% during mid-day trading on Friday . The company traded as high as $3.51 and last traded at $3.48, with a volume of 743,601 shares. The stock had previously closed at $3.33.
A number of brokerages have recently issued reports on GLBL. Goldman Sachs Group Inc. restated a “sell” rating and set a $1.50 price target on shares of TerraForm Global in a report on Monday, May 2nd. Zacks Investment Research downgraded shares of TerraForm Global from a “hold” rating to a “sell” rating in a report on Friday, April 8th. Finally, Avondale Partners upgraded shares of TerraForm Global to a “buy” rating in a report on Wednesday, June 29th. Seven research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $8.14.
The company’s market capitalization is $406.15 million. The firm’s 50 day moving average is $3.16 and its 200-day moving average is $3.06.
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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