The stock of TerraForm Global Inc (NASDAQ:GLBL) is a huge mover today! About 333,576 shares traded hands. TerraForm Global Inc (NASDAQ:GLBL) has risen 16.57% since March 9, 2016 and is uptrending. It has outperformed by 9.15% the S&P500.
The move comes after 9 months negative chart setup for the $650.43 million company. It was reported on Oct, 12 by Barchart.com. We have $3.42 PT which if reached, will make NASDAQ:GLBL worth $58.54M less.
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. The company was initiated on Wednesday, August 26 by Bank of America. Deutsche Bank initiated TerraForm Global Inc (NASDAQ:GLBL) on Monday, September 21 with “Hold” rating. The firm earned “Neutral” rating on Thursday, July 21 by Goldman Sachs. The company was downgraded on Wednesday, December 2 by Goldman Sachs. As per Tuesday, August 25, the company rating was initiated by Goldman Sachs. The rating was initiated by Macquarie Research on Monday, August 31 with “Outperform”. Barclays Capital initiated it with “Overweight” rating and $12 target price in Tuesday, September 15 report. The firm earned “Buy” rating on Wednesday, August 26 by Citigroup. The firm has “Mkt Outperform” rating by Avondale given on Monday, September 14. The company was downgraded on Friday, January 22 by Barclays Capital.
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: “Better Buy: TerraForm Global Inc vs. Trina Solar Limited” on July 15, 2016. More interesting news about TerraForm Global Inc (NASDAQ:GLBL) were released by: Finance.Yahoo.com and their article: “TerraForm Global Makes Information Available Concerning Claims Against SunEdison” published on September 26, 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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