TerraForm Global Inc. (GLBL) Stock Price Up 5%
TerraForm Global Inc. (NASDAQ:GLBL)’s share price rose 5% during mid-day trading on Monday . The company traded as high as $3.60 and last traded at $3.59, with a volume of 250,894 shares traded. The stock had previously closed at $3.42.
GLBL has been the topic of a number of recent research reports. Zacks Investment Research cut TerraForm Global from a “hold” rating to a “sell” rating in a report on Thursday, April 21st. Goldman Sachs Group Inc. upgraded TerraForm Global from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $1.50 to $3.25 in a report on Thursday, July 21st. Finally, Avondale Partners upgraded TerraForm Global to a “buy” rating in a report on Wednesday, June 29th. Seven equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $8.14.
The firm’s market capitalization is $415.49 million. The company has a 50 day moving average of $3.27 and a 200 day moving average of $3.05.
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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