TerraForm Global Inc. (GLBL) Trading 5.6% Higher
TerraForm Global Inc. (NASDAQ:GLBL)’s share price traded up 5.6% during trading on Friday . The company traded as high as $3.63 and last traded at $3.58, with a volume of 1,012,925 shares traded. The stock had previously closed at $3.39.
A number of equities analysts have commented on the stock. Goldman Sachs Group Inc. assumed coverage on shares of TerraForm Global in a report on Thursday. They issued a “neutral” rating and a $9.00 price objective for the company. Avondale Partners raised shares of TerraForm Global to a “buy” rating in a report on Wednesday, June 29th. Seven analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. TerraForm Global presently has a consensus rating of “Buy” and an average price target of $8.66.
The firm’s 50 day moving average price is $3.46 and its 200 day moving average price is $3.01. The company’s market cap is $411.99 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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