TerraForm Global Inc. (GLBL) Sees Strong Trading Volume
TerraForm Global Inc. (NASDAQ:GLBL) saw strong trading volume on Monday . 526,716 shares were traded during trading, an increase of 3% from the previous session’s volume of 509,199 shares.The stock last traded at $3.59 and had previously closed at $3.55.
Several research analysts have recently weighed in on the stock. Goldman Sachs Group Inc. raised shares of TerraForm Global from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $1.50 to $3.25 in a report on Thursday, July 21st. Avondale Partners upgraded shares of TerraForm Global to a “buy” rating in a research report on Wednesday, June 29th. Six analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $7.75.
The firm has a 50-day moving average price of $3.48 and a 200-day moving average price of $3.01. The stock’s market capitalization is $423.66 million.
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).