Somewhat Favorable Media Coverage Somewhat Unlikely to Impact TerraForm Global (NASDAQ:GLBL) Share Price
News coverage about TerraForm Global (NASDAQ:GLBL) has trended somewhat positive this week, Accern Sentiment reports. The research group rates the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. TerraForm Global earned a news impact score of 0.18 on Accern’s scale. Accern also gave media coverage about the energy company an impact score of 45.4848699257837 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news headlines that may have impacted Accern Sentiment’s rankings:
- Azure Power Global (AZRE) vs. TerraForm Global (NASDAQ:GLBL) Critical Comparison (americanbankingnews.com)
- Raymond James Cuts Rating On PGT Innovations, Inc. (PGTI) (overnewsmagazine.com)
- TerraForm Global, Inc. (NASDAQ:GLBL) Downgraded to “Hold” at BidaskClub (americanbankingnews.com)
- TerraForm Global Inc (GLBL) AroonUp Technicals Showing Momentum Building – Financial News Review (finnewsreview.com)
- TerraForm Global, Inc. (NASDAQ:GLBL) Receives Consensus Rating of “Hold” from Analysts (americanbankingnews.com)
Several research firms have issued reports on GLBL. BidaskClub cut shares of TerraForm Global from a “buy” rating to a “hold” rating in a research note on Saturday. Zacks Investment Research raised shares of TerraForm Global from a “sell” rating to a “hold” rating in a research note on Monday, May 1st. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $7.00.
TerraForm Global (NASDAQ:GLBL) remained flat at $5.00 during midday trading on Monday. The stock had a trading volume of 268,035 shares. The stock’s 50 day moving average price is $5.02 and its 200 day moving average price is $4.77. The firm’s market capitalization is $564.76 million. TerraForm Global has a 12 month low of $3.25 and a 12 month high of $5.10.
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TerraForm Global Company Profile
TerraForm Global, Inc is a holding company. The Company is a diversified renewable energy company that owns contracted solar and wind power plants. The Company operates through two segments: Solar Energy and Wind Energy. The segments include the Company’s entire portfolio of power plants. The Company’s portfolio consisted of solar and wind power plants located in Brazil, China, India, Malaysia, South Africa, Thailand and Uruguay with an aggregate net capacity of 916.4 megawatts (MW) as of October 31, 2016.
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