TerraForm Global Inc. (GLBL) Shares Down 6%
TerraForm Global Inc. (NASDAQ:GLBL)’s share price fell 6% during trading on Tuesday . The stock traded as low as $3.37 and last traded at $3.42, with a volume of 458,297 shares changing hands. The stock had previously closed at $3.64.
Several brokerages have recently commented on GLBL. Goldman Sachs Group Inc. restated a “sell” rating and issued a $1.50 target price on shares of TerraForm Global in a research report on Monday, May 2nd. 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 investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. TerraForm Global has an average rating of “Buy” and an average target price of $8.14.
The firm’s market cap is $403.82 million. The firm has a 50 day moving average price of $3.38 and a 200-day moving average price of $3.03.
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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