TerraForm Global Inc. (GLBL) Trading 4.4% Higher
TerraForm Global Inc. (NASDAQ:GLBL)’s share price traded up 4.4% on Thursday . The stock traded as high as $3.83 and last traded at $3.78, with a volume of 518,149 shares trading hands. The stock had previously closed at $3.62.
Several equities analysts recently weighed in on the stock. Goldman Sachs Group Inc. assumed coverage on shares of TerraForm Global in a report on Thursday, August 25th. They set a “neutral” rating and a $9.00 target price on the stock. Avondale Partners upgraded shares of TerraForm Global to a “buy” rating in a report on Wednesday, June 29th. Six investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $7.75.
The stock’s 50 day moving average price is $3.49 and its 200 day moving average price is $3.02. The company’s market cap is $441.16 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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