TerraForm Global Inc. (GLBL) Shares Down 6%
TerraForm Global Inc. (NASDAQ:GLBL) was down 6% during trading on Tuesday . The stock traded as low as $3.37 and last traded at $3.42, with a volume of 458,297 shares changing hands. The stock had previously closed at $3.64.
Several equities research analysts have recently commented on GLBL shares. Zacks Investment Research downgraded TerraForm Global from a “hold” rating to a “sell” rating in a report on Thursday, April 21st. Goldman Sachs Group Inc. reaffirmed a “sell” rating and set a $1.50 price target on shares of TerraForm Global in a report on Monday, May 2nd. Finally, Avondale Partners raised 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 given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $8.14.
The stock’s market cap is $402.65 million. The firm has a 50-day moving average of $3.42 and a 200-day moving average of $3.03.
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).
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.