Today’s Stock Alert: Does TerraForm Global Inc Have Any Gas After Today’s Big Increase?

Today's Stock Alert: Does TerraForm Global Inc Have Any Gas After Today's Big Increase?

The stock of TerraForm Global Inc (NASDAQ:GLBL) is a huge mover today! About 495,246 shares traded hands. TerraForm Global Inc (NASDAQ:GLBL) has risen 22.35% since March 2, 2016 and is uptrending. It has outperformed by 14.09% the S&P500.
The move comes after 7 months positive chart setup for the $791.29 million company. It was reported on Oct, 5 by Barchart.com. We have $7.27 PT which if reached, will make NASDAQ:GLBL worth $522.25M more.

TerraForm Global Inc (NASDAQ:GLBL) Ratings Coverage

Out of 9 analysts covering TerraForm Global (NASDAQ:GLBL), 2 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 22% are positive. TerraForm Global has been the topic of 17 analyst reports since August 25, 2015 according to StockzIntelligence Inc. On Tuesday, September 15 the stock rating was initiated by Barclays Capital with “Overweight”. Goldman Sachs upgraded the shares of GLBL in a report on Thursday, July 21 to “Neutral” rating. Avondale downgraded TerraForm Global Inc (NASDAQ:GLBL) on Monday, November 30 to “Market Perform” rating. The rating was downgraded by JP Morgan to “Neutral” on Tuesday, September 29. JP Morgan initiated TerraForm Global Inc (NASDAQ:GLBL) rating on Wednesday, August 26. JP Morgan has “Overweight” rating and $17.0 price target. Goldman Sachs downgraded the shares of GLBL in a report on Wednesday, December 2 to “Sell” rating. The stock of TerraForm Global Inc (NASDAQ:GLBL) has “Outperform” rating given on Monday, August 31 by Macquarie Research. The rating was downgraded by Barclays Capital on Friday, January 22 to “Equal-Weight”. The stock of TerraForm Global Inc (NASDAQ:GLBL) has “Hold” rating given on Monday, September 21 by Deutsche Bank. The company was initiated on Tuesday, August 25 by Goldman Sachs.

According to Zacks Investment Research, “TerraForm Global, Inc. is a diversified renewable energy company. It owns and operates clean energy projects consists of solar, wind and hydro-electric generation assets. The Company’s project resides primarily in China, Brazil, India, South Africa, Honduras, Costa Rica, Nicaragua, Peru, Uruguay, Malaysia and Thailand. TerraForm Global, Inc. is headquartered in Bethesda, Maryland.”

More notable recent TerraForm Global Inc (NASDAQ:GLBL) news were published by: Fool.com which released: “Why TerraForm Global Inc’s Shares Popped 14% Today” on September 22, 2016, also Fool.com with their article: “How Safe Is TerraForm Global Inc. Stock?” published on March 30, 2016, Fool.com published: “Why TerraForm Global Inc’s Shares Jumped 15% Today” on July 20, 2016. More interesting news about TerraForm Global Inc (NASDAQ:GLBL) were released by: Fool.com and their article: “Better Buy: TerraForm Global Inc vs. Trina Solar Limited” published on July 15, 2016 as well as Fool.com‘s news article titled: “Why Can’t TerraForm Global Inc Get Any Love?” with publication date: July 08, 2016.

GLBL Company Profile

TerraForm Global, Inc. is a holding company. The Firm owns interest in TerraForm Global, LLC, a diversified renewable energy firm that owns long-term contracted wind, solar and hydro-electric power plants. The Firm serves a range of utility, commercial, industrial and government customers. The Firm is a subsidiary of SunEdison, Inc. The Firm is the managing member of TerraForm Global, LLC, and operates, controls and consolidates the business affairs of TerraForm Global, LLC.

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