TerraForm Global Inc. (GLBL) Stock Price Up 2.9%
TerraForm Global Inc. (NASDAQ:GLBL) shares rose 2.9% during trading on Thursday . The stock traded as high as $3.56 and last traded at $3.55, with a volume of 180,475 shares. The stock had previously closed at $3.45.
GLBL has been the subject of several analyst reports. Avondale Partners raised TerraForm Global to a “buy” rating in a research note on Wednesday, June 29th. Zacks Investment Research raised TerraForm Global from a “sell” rating to a “hold” rating in a research note on Wednesday, April 27th. Finally, Goldman Sachs Group Inc. raised TerraForm Global from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $1.50 to $3.25 in a research note on Thursday, July 21st. 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 stock currently has an average rating of “Buy” and an average target price of $8.14.
The stock’s market capitalization is $415.49 million. The firm’s 50 day moving average is $3.45 and its 200-day moving average is $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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