TerraForm Global Inc. (GLBL) Stock Price Down 4.9%
Shares of TerraForm Global Inc. (NASDAQ:GLBL) were down 4.9% during mid-day trading on Tuesday . The company traded as low as $3.27 and last traded at $3.27, with a volume of 215,381 shares. The stock had previously closed at $3.44.
A number of analysts recently issued reports on GLBL shares. Goldman Sachs Group Inc. reissued a “sell” rating and set a $1.50 price objective on shares of TerraForm Global in a research report on Monday, May 2nd. Zacks Investment Research raised TerraForm Global from a “sell” rating to a “hold” rating in a research report on Wednesday, April 27th. 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 given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $8.14.
The company’s market capitalization is $387.48 million. The stock’s 50-day moving average is $3.21 and its 200 day moving average is $3.04.
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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