The stock of TerraForm Global Inc (NASDAQ:GLBL) is a huge mover today! About 158,012 shares traded hands. TerraForm Global Inc (NASDAQ:GLBL) has risen 20.00% since March 16, 2016 and is uptrending. It has outperformed by 14.46% the S&P500.
The move comes after 9 months positive chart setup for the $730.96M company. It was reported on Oct, 19 by Barchart.com. We have $5.68 PT which if reached, will make NASDAQ:GLBL worth $307.00 million 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. The company was downgraded on Wednesday, December 2 by Goldman Sachs. As per Thursday, July 21, the company rating was upgraded by Goldman Sachs. The stock of TerraForm Global Inc (NASDAQ:GLBL) has “Hold” rating given on Monday, September 21 by Deutsche Bank. Morgan Stanley initiated the shares of GLBL in a report on Tuesday, September 8 with “Equal-Weight” rating. The stock of TerraForm Global Inc (NASDAQ:GLBL) has “Buy” rating given on Wednesday, August 26 by Citigroup. JP Morgan downgraded TerraForm Global Inc (NASDAQ:GLBL) rating on Tuesday, September 29. JP Morgan has “Neutral” rating and $14 price target. The stock of TerraForm Global Inc (NASDAQ:GLBL) earned “Equal-Weight” rating by Barclays Capital on Friday, January 22. The firm has “Outperform” rating given on Monday, August 31 by Macquarie Research. The firm has “Overweight” rating by Barclays Capital given on Tuesday, September 15. The stock of TerraForm Global Inc (NASDAQ:GLBL) earned “Neutral” rating by Bank of America on Wednesday, August 26.
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: “Better Buy: TerraForm Global, Inc. vs. Trina Solar” on October 14, 2016, also Fool.com with their article: “Why TerraForm Global Inc’s Shares Popped 14% Today” published on September 22, 2016, Fool.com published: “How Safe Is TerraForm Global Inc. Stock?” on March 30, 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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