TerraForm Global (GLBL) Receiving Somewhat Positive Press Coverage, Accern Reports
Media stories about TerraForm Global (NASDAQ:GLBL) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. TerraForm Global earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave media stories about the energy company an impact score of 45.9057979019064 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
A number of research firms have recently issued reports on GLBL. Zacks Investment Research raised TerraForm Global from a “hold” rating to a “buy” rating and set a $5.75 price target on the stock in a research report on Monday, September 11th. BidaskClub raised TerraForm Global from a “strong sell” rating to a “sell” rating in a research report on Tuesday, December 12th. Finally, ValuEngine downgraded TerraForm Global from a “hold” rating to a “sell” rating in a research report on Tuesday, September 12th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. TerraForm Global has a consensus rating of “Hold” and a consensus target price of $5.25.
Shares of TerraForm Global (GLBL) opened at $5.07 on Tuesday. TerraForm Global has a 12-month low of $3.90 and a 12-month high of $5.10. The firm has a market capitalization of $880.23 and a PE ratio of -8.59. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.74 and a current ratio of 1.74.
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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