TerraForm Global Inc. (GLBL) Trading 4.4% Higher
TerraForm Global Inc. (NASDAQ:GLBL) traded up 4.4% on Thursday . The company traded as high as $3.83 and last traded at $3.78, with a volume of 518,149 shares changing hands. The stock had previously closed at $3.62.
A number of equities research analysts recently weighed in on the company. Goldman Sachs Group Inc. upgraded TerraForm Global from a “sell” rating to a “neutral” rating and increased their price target for the company from $1.50 to $3.25 in a research note on Thursday, July 21st. Avondale Partners upgraded TerraForm Global to a “buy” rating in a research note on Wednesday, June 29th. Six investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $7.75.
The stock’s market cap is $442.91 million. The stock has a 50 day moving average of $3.50 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).
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