Is TerraForm Global Inc (NASDAQ:GLBL) Worth Your Time and Dime After a Goldman Sachs Downgrade?

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TerraForm Global Inc (NASDAQ:GLBL) Receives a Downgrade

Goldman Sachs cut TerraForm Global Inc (NASDAQ:GLBL) shares to a “Sell” rating in an analyst note sent to investors today.

From a total of 8 analysts covering TerraForm Global (NASDAQ:GLBL) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is $15 while the lowest target price is $7.5. The mean of all analyst targets is $10.31 with a 154.20% above today’s ($4.41) stock price. TerraForm Global was the topic of 14 analyst reports since August 25, 2015 according to the firm StockzIntelligence Inc. Avondale downgraded shares on November 30 to “Market Perform” rating. Avondale initiated shares with “Mkt Outperform” rating and $11 target share price in a report from a September 14. Morgan Stanley initiated GLBL stock in a recent report from September 8 with “Equal-Weight” rating. Goldman Sachs initiated the rating on August 25. Goldman Sachs has a “Neutral” rating and a $9.0 price target on shares. Finally, Citigroup initiated the stock with “Buy” rating in a report issued on an August 26.

The stock increased 9.43% or $0.38 during the last trading session, striking $4.41. Approximately shares of stock traded hands. TerraForm Global Inc (NASDAQ:GLBL) has risen 6.00% since November 2, 2015 and is uptrending. It has outperformed by 6.20% the S&P500.

Is TerraForm Global Inc (NASDAQ:GLBL) Worth Your Time and Dime After a Goldman Sachs Downgrade?

TerraForm Global, Inc. is a holding company. The company has a market cap of $777.30 million. 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. It currently has negative earnings. The Company’s portfolio of projects include Hercules , 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).

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.” Get a free copy of the Zacks research report on TerraForm Global Inc (GLBL).

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