TerraForm Global Inc. (NASDAQ:GLBL) has been assigned a consensus recommendation of “Buy” from the eight analysts that are covering the company. Five equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $6.17.
A number of analysts have commented on the company. Goldman Sachs Group Inc. raised TerraForm Global from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $1.50 to $3.25 in a report on Thursday, July 21st. Avondale Partners raised TerraForm Global to a “buy” rating in a report on Wednesday, June 29th.
A number of institutional investors have recently made changes to their positions in GLBL. Schwab Charles Investment Management Inc. raised its position in shares of TerraForm Global by 16.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 216,834 shares of the company’s stock valued at $707,000 after buying an additional 30,660 shares during the period. Think Investments LP purchased a new position in shares of TerraForm Global during the second quarter valued at $25,698,000. Highbridge Capital Management LLC purchased a new position in shares of TerraForm Global during the second quarter valued at $944,000. Panagora Asset Management Inc. raised its position in shares of TerraForm Global by 96.4% in the second quarter. Panagora Asset Management Inc. now owns 55,901 shares of the company’s stock valued at $182,000 after buying an additional 27,440 shares during the period. Finally, Quentec Asset Management LLC raised its position in shares of TerraForm Global by 45.6% in the second quarter. Quentec Asset Management LLC now owns 5,558,918 shares of the company’s stock valued at $18,122,000 after buying an additional 1,741,695 shares during the period. 54.45% of the stock is owned by institutional investors and hedge funds.
Shares of TerraForm Global (NASDAQ:GLBL) traded down 5.02% during trading on Friday, reaching $3.97. The company’s stock had a trading volume of 255,232 shares. TerraForm Global has a 52-week low of $1.92 and a 52-week high of $8.36. The stock’s market cap is $463.34 million. The stock has a 50-day moving average of $3.77 and a 200-day moving average of $3.15.
TerraForm Global Company Profile
TerraForm Global, Inc is a holding company. The Company owns interest in TerraForm Global, LLC, a diversified renewable energy company that owns long-term contracted wind, solar and hydro-electric power plants. The Company’s portfolio of projects include Hercules (China), NSM 24 (India), NSM Suryalabh (India), NSM Sitara (India), NSM L’Volta (India), Brakes (India), Raj 5 (India), Focal (India), Bhakrani (India), Gadag (India), Hanumanhatti (India), Boshoff (South Africa), Klipheuwel (South Africa), Koonkoonsies (South Africa), Witkop (South Africa), Soutpan (South Africa), Silverstar Pavilion (Malaysia), Fortune 11 (Malaysia), PP Solar (Thailand), ESPRA (Brazil), El Naranjal (Uruguay), Del Litoral (Uruguay), Alto Cielo (Uruguay) and LAP Portfolio (Peru).
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