TerraForm Global, Inc. (NASDAQ:GLBL) Announces Earnings Results
TerraForm Global, Inc. (NASDAQ:GLBL) announced its quarterly earnings results on Wednesday. The energy company reported ($0.09) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.08) by $0.01, MarketWatch Earnings reports. The company had revenue of $62.50 million during the quarter, compared to analyst estimates of $66.33 million. TerraForm Global had a negative net margin of 22.46% and a negative return on equity of 5.06%. During the same period in the previous year, the firm posted $0.01 earnings per share.
Shares of TerraForm Global (NASDAQ:GLBL) traded down 0.50% on Thursday, hitting $5.00. The stock had a trading volume of 453,822 shares. TerraForm Global has a one year low of $3.25 and a one year high of $5.10. The company’s market cap is $564.76 million. The firm’s 50-day moving average is $5.02 and its 200-day moving average is $4.80.
Several research analysts have recently weighed in on the company. BidaskClub raised TerraForm Global from a “hold” rating to a “buy” rating in a research note on Saturday, July 8th. Zacks Investment Research raised TerraForm Global from a “sell” rating to a “hold” rating in a research note on Thursday, July 6th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $7.00.
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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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