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. The Company's solar and wind power plants include Salvador, Bahia, Dunhuang, Honiton, NSM 24, Focal, NSM Suryalabh, NSM Sitara, NSM L'Volta, Millenium, Brakes, Raj 5, ESP Urja, Azure, Hanumanhatti, Gadag, Bhakrani, Silverstar Pavilion, Fortune 11, Corporate Season, Boshof, Witkop, Soutpan and PP Solar.
Industry, Sector and Symbol:
- Sector: Oils/Energy
- Industry: Renewable Utilities
- Sub-Industry: N/A
- Symbol: NASDAQ:GLBL
- CUSIP: N/A
- Web: www.terraformglobal.com
- Market Cap: $570.41 million
- Outstanding Shares: 112,952,000
- 50 Day Moving Avg: $4.86
- 200 Day Moving Avg: $4.54
- 52 Week Range: $2.53 - $5.10
Sales & Book Value:
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: -38.85
- P/E Growth: 0.27
- Annual Revenue: $214.32 million
- Price / Sales: 2.66
- Book Value: $6.05 per share
- Price / Book: 0.83
- EBIDTA: $95.93 million
- Net Margins: -24.74%
- Return on Equity: -5.22%
- Return on Assets: -2.41%
- Debt-to-Equity Ratio: 0.67%
- Current Ratio: 1.90%
- Quick Ratio: 1.90%
- Average Volume: 790,764 shs.
- Beta: 0.68
- Short Ratio: 1.82
Frequently Asked Questions for TerraForm Global (NASDAQ:GLBL)
What is TerraForm Global's stock symbol?
TerraForm Global trades on the NASDAQ under the ticker symbol "GLBL."
How were TerraForm Global's earnings last quarter?
TerraForm Global, Inc. (NASDAQ:GLBL) released its quarterly earnings results on Tuesday, February, 21st. The company reported ($0.12) earnings per share for the quarter, topping the Zacks' consensus estimate of ($0.34) by $0.22. The company earned $55.06 million during the quarter. TerraForm Global had a negative return on equity of 5.22% and a negative net margin of 24.74%. View TerraForm Global's Earnings History.
Where is TerraForm Global's stock going? Where will TerraForm Global's stock price be in 2017?
3 analysts have issued 12 month price objectives for TerraForm Global's shares. Their forecasts range from $5.00 to $9.00. On average, they expect TerraForm Global's share price to reach $7.00 in the next twelve months. View Analyst Ratings for TerraForm Global.
What are analysts saying about TerraForm Global stock?
Here are some recent quotes from research analysts about TerraForm Global stock:
- 1. 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. " (6/20/2017)
- 2. J P Morgan Chase & Co analysts commented, "GLBL issued an investor update presentation with 3Q operating metrics and guidance for FY16. Audited financials are still on the come. FY16 revenue and EBITDA guidance were slightly below our expectations, and net income was negatively impacted owing to a higher interest expense than we had expected. The 3Q cash balance was approximately in line with expectations. GLBL did not issue guidance for CAFD but maintains that it will be “substantially lower” than the forecast issued prior to the SUNE bankruptcy owing to factors such as loss of financial and operational support. Encouragingly, GLBL expects to become operationally independent from SUNE by January, with a standalone org structure, independent IT, and third-party asset management and O&M providers. GLBL is seeking consent from bondholders to extend a 12/2 deadline for the company to become current with its SEC filings. We are adjusting our model, factoring in a higher interest expense that weighs on our CAFD estimates. Our price target goes to $5, from $6." (11/30/2016)
Are investors shorting TerraForm Global?
TerraForm Global saw a increase in short interest in the month of May. As of May 31st, there was short interest totalling 930,869 shares, an increase of 39.5% from the May 15th total of 667,354 shares. Based on an average daily trading volume, of 558,983 shares, the short-interest ratio is presently 1.7 days. Approximately 1.2% of the shares of the company are sold short.
Who are some of TerraForm Global's key competitors?
Some companies that are related to TerraForm Global include Carrizo Oil & Gas (CRZO), Wildhorse Resource Development Corporation (WRD), Nustar GP Holdings, LLC (NSH), NCS Multistage Holdings (NCSM), USA Compression Partners, LP (USAC), Exterran Corporation (EXTN), Noble Corporation (NE), Alon USA Energy (ALJ), Canadian Solar (CSIQ), Archrock Partners, L.P. (APLP), Unit Corporation (UNT), EP Energy Corporation (EPE), SolarEdge Technologies (SEDG), American Midstream Partners, LP (AMID), Warrior Met Coal (HCC), CrossAmerica Partners LP (CAPL), PennTex Midstream Partners, LP (PTXP) and PBF Logistics LP (PBFX).
Who are TerraForm Global's key executives?
TerraForm Global's management team includes the folowing people:
- Peter Blackmore, Chairman of the Board, Chief Executive Officer
- Rebecca J. Cranna, Chief Financial Officer, Executive Vice President
- Thomas Studebaker, Chief Operating Officer
- Yana Kravtsova, Senior Vice President, General Counsel, Secretary
- David A. Rawden, Interim Chief Accounting Officer
- Christopher A. Compton, Director
- Hanif M. Dahya, Director
- Alan B. Miller, Director
- David Ringhofer, Director
- Gregory William Scallen, Director
When did TerraForm Global IPO?
(GLBL) raised $1.1 billion in an initial public offering (IPO) on Friday, July 31st 2015. The company issued 56,600,000 shares at a price of $19.00-$21.00 per share. J.P. Morgan, Barclays, Citigroup and Morgan Stanley served as the underwriters for the IPO and Goldman Sachs, BofA Merrill Lynch, Deutsche Bank Securities, BTG Pactual, Ita� BBA, Kotak Investment Banking, SMBC Nikko and SOCIETE GENERALE were co-managers.
Who owns TerraForm Global stock?
TerraForm Global's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (1.29%), OMERS ADMINISTRATION Corp (1.09%), Commonwealth of Pennsylvania Public School Empls Retrmt SYS (1.08%), GABELLI & Co INVESTMENT ADVISERS INC. (1.04%), Stonehill Capital Management LLC (0.93%) and Banco BTG Pactual S.A. (0.89%). Company insiders that own TerraForm Global stock include Carlos Domenech and Mark D Lerdal. View Institutional Ownership Trends for TerraForm Global.
Who sold TerraForm Global stock? Who is selling TerraForm Global stock?
TerraForm Global's stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Nationwide Fund Advisors, California Public Employees Retirement System, Bank of America Corp DE, Alliancebernstein L.P., TIAA CREF Investment Management LLC, UBS Group AG and Parametric Portfolio Associates LLC. View Insider Buying and Selling for TerraForm Global.
Who bought TerraForm Global stock? Who is buying TerraForm Global stock?
TerraForm Global's stock was purchased by a variety of institutional investors in the last quarter, including OMERS ADMINISTRATION Corp, Commonwealth of Pennsylvania Public School Empls Retrmt SYS, GABELLI & Co INVESTMENT ADVISERS INC., Stonehill Capital Management LLC, Banco BTG Pactual S.A., Renaissance Technologies LLC, SG Americas Securities LLC and TCW Group Inc.. Company insiders that have bought TerraForm Global stock in the last two years include Carlos Domenech and Mark D Lerdal. View Insider Buying and Selling for TerraForm Global.
How do I buy TerraForm Global stock?
Shares of TerraForm Global can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is TerraForm Global's stock price today?
MarketBeat Community Rating for TerraForm Global (NASDAQ GLBL)MarketBeat's community ratings are surveys of what our community members think about TerraForm Global and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of TerraForm Global stock can currently be purchased for approximately $5.05.
Consensus Ratings for TerraForm Global (NASDAQ:GLBL) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||2 Hold Ratings, 1 Buy Rating|
|Consensus Rating:||Hold (Score: 2.33)|
|Consensus Price Target: ||$7.00 (38.61% upside)|
Analysts' Ratings History for TerraForm Global (NASDAQ:GLBL)
(Data available from 6/26/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|2/2/2017||Avondale Partners||Upgrade||Market Perform -> Outperform||N/A|
|1/13/2017||J P Morgan Chase & Co||Reiterated Rating||Neutral||N/A|
|8/25/2016||Goldman Sachs Group, Inc. (The)||Initiated Coverage||Neutral||$9.00||N/A|
|3/31/2016||Deutsche Bank AG||Reiterated Rating||Hold||N/A|
|1/22/2016||Barclays PLC||Downgrade||Overweight -> Equal Weight||$10.00 -> $4.00||N/A|
|12/2/2015||Oppenheimer Holdings, Inc.||Upgrade||Buy||N/A|
|10/2/2015||Macquarie||Lower Price Target||Outperform||$17.00 -> $16.00||N/A|
|9/8/2015||Morgan Stanley||Initiated Coverage||Equal -> Equal Weight||$15.00||N/A|
|8/26/2015||Citigroup Inc.||Initiated Coverage||Buy||$15.00||N/A|
|8/26/2015||Bank of America Corporation||Initiated Coverage||Neutral||$10.50||N/A|
Earnings History for TerraForm Global (NASDAQ:GLBL)Earnings History by Quarter for TerraForm Global (NASDAQ GLBL)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|2/21/2017||Q3 2016||($0.34)||($0.12)||$55.06 million||View||N/A|
Earnings Estimates for TerraForm Global (NASDAQ:GLBL)
Current Year EPS Consensus Estimate: $-0.16 EPS
Next Year EPS Consensus Estimate: $-0.13 EPS
Dividend History by Quarter for TerraForm Global (NASDAQ GLBL)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for TerraForm Global (NASDAQ:GLBL)
Insider Ownership Percentage: 0.53%Insider Trades by Quarter for TerraForm Global (NASDAQ:GLBL)
Institutional Ownership Percentage: 57.56%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|8/25/2015||Carlos Domenech||CEO||Buy||15,625||$8.05||$125,781.25|| |
|8/21/2015||Mark D Lerdal||Director||Buy||10,000||$9.42||$94,200.00|| |
|8/14/2015||Mark D Lerdal||Director||Buy||10,000||$10.66||$106,600.00|| |
Headline Trends for TerraForm Global (NASDAQ:GLBL)
Latest Headlines for TerraForm Global (NASDAQ:GLBL)
|TerraForm Global, Inc. (GLBL) Downgraded to Strong Sell at Zacks Investment Research|
www.americanbankingnews.com - June 21 at 12:23 AM
|Edited Transcript of GLBL earnings conference call or presentation 19-Jun-17 8:30pm GMT|
finance.yahoo.com - June 20 at 11:15 PM
|Reviewing Comp En De Mn Cemig ADS (CIG) and TerraForm Global (GLBL)|
www.americanbankingnews.com - June 20 at 10:30 AM
|EARNINGS SUMMARY: Details of TerraForm Global Inc Q4 Earnings Report|
www.rttnews.com - June 15 at 7:38 PM
|TerraForm Global Q4 Loss Narrows, Revenues Rise - Quick Facts|
www.nasdaq.com - June 15 at 7:38 PM
|TerraForm Global Reports 4Q 2016 and FY 2016 Financial Results and Files Form 10-K|
finance.yahoo.com - June 15 at 7:38 PM
|TerraForm Global, Inc. (GLBL) Sees Significant Growth in Short Interest|
www.americanbankingnews.com - June 13 at 7:08 AM
|Critical Contrast: TerraForm Global (GLBL) versus NextEra Energy (NEE)|
www.americanbankingnews.com - June 10 at 10:52 PM
|TransAlta (TAC) and TerraForm Global (GLBL) Critical Contrast|
www.americanbankingnews.com - June 9 at 7:38 AM
|Initiating Research Reports on Utilities Equities -- Eversource Energy, TerraForm Global, TerraForm Power, and ... - PR Newswire (press release)|
www.prnewswire.com - June 8 at 9:37 AM
|TerraForm Global (GLBL) Reports Court Approval of Settlement of ... - StreetInsider.com|
www.streetinsider.com - June 8 at 9:37 AM
|TerraForm Global Announces Court Approval of Settlement of Intercompany Claims with SunEdison - Nasdaq|
www.nasdaq.com - June 6 at 10:53 PM
|TerraForm Global Inc (GLBL) Sees Large Decline in Short Interest|
www.americanbankingnews.com - May 28 at 8:44 AM
|TerraForm Global (GLBL) Receives Nasdaq Listing Qualifications Letter - StreetInsider.com|
www.streetinsider.com - May 17 at 10:30 PM
|TerraForm Global (GLBL) Receives Nasdaq Listing Qualifications Letter|
www.streetinsider.com - May 17 at 10:28 AM
|TerraForm Global Announces Receipt of Nasdaq Letter Nasdaq:GLBL - GlobeNewswire (press release)|
globenewswire.com - May 16 at 11:33 AM
|TerraForm Global, Inc. breached its 50 day moving average in a Bearish Manner : GLBL-US : May 15, 2017|
finance.yahoo.com - May 15 at 11:19 AM
|Canada's Brookfield to take control of Brazil's Renova|
www.reuters.com - May 12 at 11:08 PM
|Canada's Brookfield to take control of Brazil's Renova - Nasdaq|
www.nasdaq.com - May 12 at 6:07 PM
|TerraForm Global For The Long Run|
seekingalpha.com - May 8 at 5:11 PM
|TerraForm Global (GLBL) Earning Somewhat Critical News Coverage, Analysis Shows|
www.americanbankingnews.com - May 3 at 8:54 AM
|TerraForm Global Inc (GLBL) Upgraded at Zacks Investment Research|
www.americanbankingnews.com - May 1 at 11:22 PM
|TerraForm Global (GLBL) Given Coverage Optimism Rating of 0.16|
www.americanbankingnews.com - April 29 at 4:19 PM
|TerraForm Global (GLBL) Given Daily Media Sentiment Score of 0.44|
www.americanbankingnews.com - April 26 at 4:28 PM
|TerraForm Global, Inc. – Value Analysis (NASDAQ:GLBL) : April 25, 2017|
finance.yahoo.com - April 25 at 5:02 PM
|TerraForm Global, Inc. breached its 50 day moving average in a Bullish Manner : GLBL-US : April 24, 2017|
finance.yahoo.com - April 24 at 5:12 PM
|TerraForm Global (GLBL) Given Daily Coverage Optimism Rating of 0.27|
www.americanbankingnews.com - April 22 at 2:51 PM
|SunEdison Shareholder Group: SunEdison Equity Shareholders needed to help stop fire sale of assets and total loss of investments|
finance.yahoo.com - April 21 at 11:23 AM
|Lifshitz & Miller LLP Announces Investigation of Air Methods Corporation, Fortress Investment Group LLC, Galena Biopharma, Inc., Ionis Pharmaceuticals, Inc., LMI Aerospace, Inc., Lumos Networks Corp., Silver Bay Realty Trust Corp. and TerraForm Global, Inc.|
finance.yahoo.com - April 7 at 10:01 AM
|[$$] SunEdison, Creditors Stake Their Ground Ahead of Looming Legal Battles|
finance.yahoo.com - April 7 at 10:01 AM
|[$$] SunEdison Asks for $640 Million in New Financing|
finance.yahoo.com - April 7 at 10:01 AM
|TerraForm Global Inc (GLBL) Rating Increased to Hold at Zacks Investment Research|
www.americanbankingnews.com - April 6 at 10:18 PM
|TerraForm Global Inc (GLBL) Given Consensus Rating of "Hold" by Brokerages|
www.americanbankingnews.com - March 22 at 1:32 PM
|TerraForm Global (GLBL) Receives Extension to Regain Nasdaq Compliance|
www.streetinsider.com - March 21 at 5:35 PM
|TerraForm Global Announces Extension Until June 30, 2017 to Regain Nasdaq Compliance|
us.rd.yahoo.com - March 21 at 5:35 PM
|5:02 pm TerraForm Global receives notification letter from a Director of Nasdaq Listing Qualifications relating to the company's Form 10-K for the year ended December 31, 2016|
finance.yahoo.com - March 20 at 7:19 PM
|TerraForm Global Announces Receipt of Nasdaq Letter|
finance.yahoo.com - March 17 at 5:42 PM
|TERRAFORM GLOBAL, INC. Files SEC form 8-K, Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Stan|
biz.yahoo.com - March 17 at 5:42 PM
|Zacks Investment Research Downgrades TerraForm Global Inc (GLBL) to Sell|
www.americanbankingnews.com - March 15 at 11:09 PM
|SHAREHOLDER ALERT: Brower Piven Commences An Investigation Into The Proposed Sale Of TerraForm Global, Inc. And Encourages Investors To Contact The Firm For Additional Information|
finance.yahoo.com - March 14 at 4:43 PM
|TerraForm Power Operating LLC -- Rating Action: Moody's revises TerraForm Power and TerraForm Global rating outlook to positive|
www.moodys.com - March 8 at 6:17 PM
|Pre-Market Most Active for Mar 7, 2017 : NMBL, WFT, GLBL, SNAP, MOMO, DKS, DISH, BAC, STAY, AUPH, XIV, TVIX - Nasdaq|
www.nasdaq.com - March 7 at 10:15 PM
|SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces an Investigation of The Board of Directors of TerraForm Global, Inc. - GLBL|
finance.yahoo.com - March 7 at 10:15 PM
|TERRAFORM GLOBAL, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout|
finance.yahoo.com - March 7 at 5:11 PM
|SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of TerraForm Global, Inc. of Commencement of an Investigation Into the Fairness of the Sale of the Company to Brookfield Asset Management, Inc. -- GLBL|
finance.yahoo.com - March 7 at 5:11 PM
|What You Need to Know About the TerraForm Yieldco Buyouts|
www.fool.com - March 7 at 5:11 PM
|Brookfield To Acquire TerraForm Global For $787 Mln Cash, Assume $455 Mln Debt|
www.rttnews.com - March 7 at 12:25 PM
|6:56 am TerraForm Global to be acquired by Brookfield Asset management (BAM) for $787 mln in cash, includes $455 mln of net debt; enters into settlement agreement with Sunedison (||TERRAFORM GLOBAL, INC. Files SEC form 8-K, Entry into a Material Definitive Agreement, Other Events, Financial Statem|
biz.yahoo.com - March 7 at 12:25 PM
|Why TerraForm Global Inc's Shares Popped 17% Today|
www.fool.com - March 7 at 11:41 AM
TerraForm Global (GLBL) Chart for Monday, June, 26, 2017