Somewhat Favorable Media Coverage Somewhat Unlikely to Affect TerraForm Global (GLBL) Share Price
News coverage about TerraForm Global (NASDAQ:GLBL) has trended somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. TerraForm Global earned a news sentiment score of 0.19 on Accern’s scale. Accern also gave media coverage about the energy company an impact score of 45.6956546463337 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the headlines that may have impacted Accern Sentiment’s analysis:
- TerraForm Global, Inc. (GLBL) Short Interest Up 33.1% in August (americanbankingnews.com)
- TerraForm Global, Inc. (GLBL) Given Average Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- Unbiased Equity Research: Camden Property Trust (CPT), TerraForm Global, Inc. (GLBL) – HiTechFacts (hitechfacts.com)
- Zacks Investment Research Downgrades TerraForm Global, Inc. (GLBL) to Hold (americanbankingnews.com)
- TerraForm Global, Inc. (GLBL) moved with flow of -6.37% on Tuesday – Voice Of Analysts (analystsbuzz.com)
TerraForm Global (GLBL) opened at 4.75 on Monday. The company’s market capitalization is $536.61 million. TerraForm Global has a 52 week low of $3.38 and a 52 week high of $5.10. The company has a 50 day moving average of $4.88 and a 200 day moving average of $4.62.
TerraForm Global (NASDAQ:GLBL) last released its quarterly earnings data on Wednesday, August 9th. The energy company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.01). The firm 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 6.15%. During the same quarter in the previous year, the firm earned $0.01 earnings per share. On average, equities analysts forecast that TerraForm Global will post ($0.16) EPS for the current fiscal year.
Several brokerages recently issued reports on GLBL. Zacks Investment Research upgraded shares of TerraForm Global from a “hold” rating to a “buy” rating and set a $5.75 price target for the company in a research note on Monday, September 11th. ValuEngine lowered shares of TerraForm Global from a “hold” rating to a “sell” rating in a research note on Tuesday, September 12th. Finally, BidaskClub lowered shares of TerraForm Global from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $5.38.
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TerraForm Global Company Profile
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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