TerraForm Global Inc. (GLBL) Trading 2.9% Higher
TerraForm Global Inc. (NASDAQ:GLBL)’s share price rose 2.9% during mid-day trading on Thursday . The company traded as high as $3.56 and last traded at $3.55, with a volume of 180,475 shares. The stock had previously closed at $3.45.
A number of equities research analysts have weighed in on GLBL shares. Zacks Investment Research lowered 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 increased their target price for the company 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 issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $8.14.
The firm’s market cap is $416.65 million. The stock’s 50 day moving average is $3.42 and its 200 day moving average is $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).
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