TerraForm Global (GLBL) Earning Somewhat Favorable Media Coverage, Analysis Shows
News articles about TerraForm Global (NASDAQ:GLBL) have been trending somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded 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 0.17 on Accern’s scale. Accern also gave news coverage about the energy company an impact score of 46.0270438968249 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Several brokerages recently weighed in on GLBL. ValuEngine cut shares of TerraForm Global from a “hold” rating to a “sell” rating in a research report on Tuesday, September 12th. BidaskClub raised shares of TerraForm Global from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th. Finally, Zacks Investment Research cut shares of TerraForm Global from a “buy” rating to a “hold” rating in a research report on Thursday, September 14th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. TerraForm Global has an average rating of “Hold” and an average price target of $5.38.
Shares of TerraForm Global (GLBL) traded down 1.546% during midday trading on Friday, hitting $4.775. 394,972 shares of the stock traded hands. The company’s 50-day moving average is $4.85 and its 200 day moving average is $4.85. The firm’s market capitalization is $539.44 million. TerraForm Global has a 52 week low of $3.40 and a 52 week high of $5.10.
TerraForm Global (NASDAQ:GLBL) last released its quarterly earnings results on Wednesday, August 9th. The energy company reported ($0.09) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by ($0.01). TerraForm Global had a negative return on equity of 6.15% and a negative net margin of 26.87%. The business had revenue of $62.50 million during the quarter, compared to the consensus estimate of $66.33 million. During the same quarter in the previous year, the business posted $0.01 earnings per share. Analysts anticipate that TerraForm Global will post ($0.16) earnings per share for the current year.
About TerraForm Global
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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