TerraForm Global, Inc. (GLBL) Releases Quarterly Earnings Results, Misses Estimates By $0.01 EPS

TerraForm Global, Inc. (NASDAQ:GLBL) issued its earnings results on Wednesday. The energy company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by $0.01, MarketWatch Earnings reports. The business had revenue of $62.50 million during the quarter, compared to the consensus estimate of $66.33 million. TerraForm Global had a negative net margin of 26.87% and a negative return on equity of 6.09%. During the same period last year, the business posted $0.01 EPS.

TerraForm Global (NASDAQ:GLBL) traded up 1.00% on Friday, reaching $5.05. 742,295 shares of the company traded hands. TerraForm Global has a one year low of $3.25 and a one year high of $5.10. The firm has a 50 day moving average of $5.02 and a 200-day moving average of $4.80. The stock’s market capitalization is $309.78 million.

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Several brokerages have recently issued reports on GLBL. BidaskClub lowered shares of TerraForm Global from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. Zacks Investment Research raised shares of TerraForm Global from a “sell” rating to a “hold” rating in a research note on Monday, May 1st. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $7.00.

About TerraForm Global

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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