TerraForm Global Inc. (GLBL) Trading 5.6% Higher
TerraForm Global Inc. (NASDAQ:GLBL) shares traded up 5.6% during trading on Friday . The company traded as high as $3.63 and last traded at $3.58, with a volume of 1,012,925 shares changing hands. The stock had previously closed at $3.39.
A number of research analysts recently commented on the stock. Goldman Sachs Group Inc. raised shares of 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 research report on Thursday, July 21st. Avondale Partners raised shares of TerraForm Global to a “buy” rating in a research report on Wednesday, June 29th. Six investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. TerraForm Global has an average rating of “Buy” and an average target price of $7.75.
The firm’s market cap is $414.32 million. The stock has a 50-day moving average of $3.47 and a 200 day moving average of $3.01.
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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