TerraForm Global Inc. (GLBL) Trading 5% Higher
Shares of TerraForm Global Inc. (NASDAQ:GLBL) traded up 5% during 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.
A number of analysts have commented on the stock. Goldman Sachs Group Inc. restated a “sell” rating and set a $1.50 price target on shares of TerraForm Global in a research report on Monday, May 2nd. Avondale Partners upgraded shares of TerraForm Global to a “buy” rating in a research report on Wednesday, June 29th. Finally, Zacks Investment Research downgraded shares of TerraForm Global from a “hold” rating to a “sell” rating in a research report on Friday, April 15th. Seven investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. TerraForm Global currently has a consensus rating of “Buy” and an average target price of $8.14.
The stock’s market cap is $400.32 million. The stock’s 50 day moving average price is $3.31 and its 200-day moving average price is $3.04.
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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