BidaskClub downgraded shares of TerraForm Global (NASDAQ:GLBL) from a sell rating to a strong sell rating in a research report report published on Tuesday morning.
Several other analysts also recently weighed in on GLBL. Zacks Investment Research upgraded TerraForm Global from a hold rating to a buy rating and set a $5.75 target price for the company in a research note on Monday, September 11th. ValuEngine downgraded TerraForm Global from a hold rating to a sell rating in a research note on Tuesday, September 12th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $5.25.
Shares of TerraForm Global (NASDAQ GLBL) traded up $0.10 during trading on Tuesday, hitting $5.05. The stock had a trading volume of 4,652,100 shares, compared to its average volume of 894,814. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.74 and a quick ratio of 1.74. TerraForm Global has a 12 month low of $3.40 and a 12 month high of $5.10.
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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