TerraForm Global Inc. (GLBL) Shares Down 1.4%
TerraForm Global Inc. (NASDAQ:GLBL) was down 1.4% during mid-day trading on Tuesday . The company traded as low as $3.48 and last traded at $3.49, with a volume of 216,823 shares. The stock had previously closed at $3.54.
A number of equities research analysts have issued reports on GLBL shares. Goldman Sachs Group Inc. reiterated a “sell” rating and set a $1.50 target price on shares of TerraForm Global in a report on Monday, May 2nd. Zacks Investment Research upgraded shares of TerraForm Global from a “sell” rating to a “hold” rating in a report on Wednesday, April 27th. 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 issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $8.14.
The stock’s market cap is $415.49 million. The firm’s 50 day moving average price is $3.46 and its 200 day moving average price is $3.01.
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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