TerraForm Global Inc. (GLBL) Stock Price Down 6%
TerraForm Global Inc. (NASDAQ:GLBL) shares fell 6% during mid-day trading on Wednesday . The stock traded as low as $3.39 and last traded at $3.43, with a volume of 352,766 shares changing hands. The stock had previously closed at $3.65.
GLBL has been the subject of several research reports. Goldman Sachs Group Inc. upgraded shares of TerraForm Global from a “sell” rating to a “neutral” rating and upped their price target for the company from $1.50 to $3.25 in a research report on Thursday, July 21st. Avondale Partners upgraded shares of TerraForm Global to a “buy” rating in a research report on Wednesday, June 29th. Finally, Zacks Investment Research upgraded shares of TerraForm Global from a “sell” rating to a “hold” rating in a research report on Wednesday, April 27th. Seven research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $8.14.
The company has a 50-day moving average price of $3.31 and a 200 day moving average price of $3.04. The stock’s market capitalization is $403.82 million.
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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