TerraForm Global Company Profile (NASDAQ:GLBL)

About TerraForm Global (NASDAQ:GLBL)

TerraForm Global logoTerraForm 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: Diversified Utilities
  • Sub-Industry: N/A
  • Symbol: NASDAQ:GLBL
  • CUSIP: N/A
  • Web: www.terraform.com
Capitalization:
  • Market Cap: $549.16 million
  • Outstanding Shares: 113,228,000
Average Prices:
  • 50 Day Moving Avg: $4.76
  • 200 Day Moving Avg: $4.41
  • 52 Week Range: $2.45 - $4.95
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: -32.33
  • P/E Growth: 0.00
Sales & Book Value:
  • Annual Revenue: $210.43 million
  • Price / Sales: 2.61
  • Book Value: $6.34 per share
  • Price / Book: 0.76
Profitability:
  • EBIDTA: $124.06 million
  • Net Margins: -117.02%
  • Return on Equity: -23.96%
  • Return on Assets: -11.03%
Debt:
  • Debt-to-Equity Ratio: 0.74%
  • Current Ratio: 2.26%
  • Quick Ratio: 2.26%
Misc:
  • Average Volume: 1.13 million shs.
  • Beta: 0.82
  • Short Ratio: 0.58
 

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) announced its quarterly earnings data on Tuesday, February, 21st. The company reported ($0.12) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.34) by $0.22. The company had revenue of $55.06 million for the quarter. TerraForm Global had a negative return on equity of 23.96% and a negative net margin of 117.02%. View TerraForm Global's Earnings History.

Where is TerraForm Global's stock going? Where will TerraForm Global's stock price be in 2017?

3 equities research analysts have issued 12-month price objectives for TerraForm Global's shares. Their predictions range from $5.00 to $9.00. On average, they anticipate 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. " (5/1/2017)
  • 2. JPMorgan 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 decline in short interest during the month of May. As of May 15th, there was short interest totalling 667,354 shares, a decline of 38.0% from the April 28th total of 1,076,966 shares. Based on an average trading volume of 464,008 shares, the days-to-cover ratio is currently 1.4 days. Currently, 0.8% of the company's shares are sold short.

Who are some of TerraForm Global's key competitors?

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 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 institutional and retail 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?

One share of TerraForm Global stock can currently be purchased for approximately $4.85.


MarketBeat Community Rating for TerraForm Global (NASDAQ GLBL)
Community Ranking:  1.4 out of 5 ()
Outperform Votes:  51 (Vote Outperform)
Underperform Votes:  135 (Vote Underperform)
Total Votes:  186
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.

Analyst Ratings

Consensus Ratings for TerraForm Global (NASDAQ:GLBL) (?)
Ratings Breakdown: 2 Hold Ratings, 1 Buy Rating
Consensus Rating:Hold (Score: 2.33)
Consensus Price Target: $7.00 (44.33% upside)

Analysts' Ratings History for TerraForm Global (NASDAQ:GLBL)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
2/2/2017Avondale PartnersUpgradeMarket Perform -> OutperformN/AView Rating Details
1/13/2017JPMorgan Chase & Co.Reiterated RatingNeutralN/AView Rating Details
8/25/2016Goldman Sachs Group IncInitiated CoverageNeutral$9.00N/AView Rating Details
3/31/2016Deutsche Bank AGReiterated RatingHoldN/AView Rating Details
1/22/2016Barclays PLCDowngradeOverweight -> Equal Weight$10.00 -> $4.00N/AView Rating Details
12/2/2015Oppenheimer Holdings Inc.UpgradeBuyN/AView Rating Details
10/2/2015MacquarieLower Price TargetOutperform$17.00 -> $16.00N/AView Rating Details
9/8/2015Morgan StanleyInitiated CoverageEqual -> Equal Weight$15.00N/AView Rating Details
8/26/2015Citigroup IncInitiated CoverageBuy$15.00N/AView Rating Details
8/26/2015Bank of America CorpInitiated CoverageNeutral$10.50N/AView Rating Details
(Data available from 5/28/2015 forward)

Earnings

Earnings History for TerraForm Global (NASDAQ:GLBL)
Earnings by Quarter for TerraForm Global (NASDAQ:GLBL)
Earnings History by Quarter for TerraForm Global (NASDAQ:GLBL)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
2/21/2017Q3 2016($0.34)($0.12)$55.06 millionViewN/AView Earnings Details
5/5/2011($0.02)($0.30)ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for TerraForm Global (NASDAQ:GLBL)
Current Year EPS Consensus Estimate: $-0.16 EPS
Next Year EPS Consensus Estimate: $-0.15 EPS

Dividends

Current Dividend Information for TerraForm Global (NASDAQ:GLBL)
Most Recent Dividend:3/17/2016
Annual Dividend:$0.28
Dividend Yield:5.77%
Payout Ratio:-175.00% (Based on This Year's Estimates)
-186.67% (Based on Next Year's Estimates)
Dividend Payments by Quarter for TerraForm Global (NASDAQ:GLBL)

Dividend History by Quarter for TerraForm Global (NASDAQ:GLBL)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
2/29/2016quarterly$0.2832.35%3/8/20163/10/20163/17/2016
11/10/2015quarterly$0.1711/27/201512/1/201512/15/2015
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for TerraForm Global (NASDAQ:GLBL)
Institutional Ownership Percentage: 53.43%
Insider Trades by Quarter for TerraForm Global (NASDAQ:GLBL)
Institutional Ownership by Quarter for TerraForm Global (NASDAQ:GLBL)
Insider Trades by Quarter for TerraForm Global (NASDAQ:GLBL)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
8/25/2015Carlos DomenechCEOBuy15,625$8.05$125,781.25View SEC Filing  
8/21/2015Mark D LerdalDirectorBuy10,000$9.42$94,200.00View SEC Filing  
8/14/2015Mark D LerdalDirectorBuy10,000$10.66$106,600.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for TerraForm Global (NASDAQ:GLBL)
Latest Headlines for TerraForm Global (NASDAQ:GLBL)
Source:
DateHeadline
americanbankingnews.com logoTerraForm Global Inc (GLBL) Sees Large Decline in Short Interest
www.americanbankingnews.com - May 28 at 8:44 AM
streetinsider.com logoTerraForm Global (GLBL) Receives Nasdaq Listing Qualifications Letter - StreetInsider.com
www.streetinsider.com - May 17 at 10:30 PM
streetinsider.com logoTerraForm Global (GLBL) Receives Nasdaq Listing Qualifications Letter
www.streetinsider.com - May 17 at 10:28 AM
globenewswire.com logoTerraForm Global Announces Receipt of Nasdaq Letter Nasdaq:GLBL - GlobeNewswire (press release)
globenewswire.com - May 16 at 11:33 AM
finance.yahoo.com logoTerraForm 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
reuters.com logoCanada's Brookfield to take control of Brazil's Renova
www.reuters.com - May 12 at 11:08 PM
nasdaq.com logoCanada's Brookfield to take control of Brazil's Renova - Nasdaq
www.nasdaq.com - May 12 at 6:07 PM
seekingalpha.com logoTerraForm Global For The Long Run
seekingalpha.com - May 8 at 5:11 PM
americanbankingnews.com logoTerraForm Global (GLBL) Earning Somewhat Critical News Coverage, Analysis Shows
www.americanbankingnews.com - May 3 at 8:54 AM
americanbankingnews.com logoTerraForm Global Inc (GLBL) Upgraded at Zacks Investment Research
www.americanbankingnews.com - May 1 at 11:22 PM
americanbankingnews.com logoTerraForm Global (GLBL) Given Coverage Optimism Rating of 0.16
www.americanbankingnews.com - April 29 at 4:19 PM
americanbankingnews.com logoTerraForm Global (GLBL) Given Daily Media Sentiment Score of 0.44
www.americanbankingnews.com - April 26 at 4:28 PM
finance.yahoo.com logoTerraForm Global, Inc. – Value Analysis (NASDAQ:GLBL) : April 25, 2017
finance.yahoo.com - April 25 at 5:02 PM
finance.yahoo.com logoTerraForm 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
americanbankingnews.com logoTerraForm Global (GLBL) Given Daily Coverage Optimism Rating of 0.27
www.americanbankingnews.com - April 22 at 2:51 PM
finance.yahoo.com logoSunEdison 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
finance.yahoo.com logoLifshitz & 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
finance.yahoo.com logo[$$] SunEdison, Creditors Stake Their Ground Ahead of Looming Legal Battles
finance.yahoo.com - April 7 at 10:01 AM
finance.yahoo.com logo[$$] SunEdison Asks for $640 Million in New Financing
finance.yahoo.com - April 7 at 10:01 AM
americanbankingnews.com logoTerraForm Global Inc (GLBL) Rating Increased to Hold at Zacks Investment Research
www.americanbankingnews.com - April 6 at 10:18 PM
americanbankingnews.com logoTerraForm Global Inc (GLBL) Given Consensus Rating of "Hold" by Brokerages
www.americanbankingnews.com - March 22 at 1:32 PM
streetinsider.com logoTerraForm Global (GLBL) Receives Extension to Regain Nasdaq Compliance
www.streetinsider.com - March 21 at 5:35 PM
us.rd.yahoo.com logoTerraForm Global Announces Extension Until June 30, 2017 to Regain Nasdaq Compliance
us.rd.yahoo.com - March 21 at 5:35 PM
finance.yahoo.com logo5:02 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
finance.yahoo.com logoTerraForm Global Announces Receipt of Nasdaq Letter
finance.yahoo.com - March 17 at 5:42 PM
biz.yahoo.com logoTERRAFORM 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
americanbankingnews.com logoZacks Investment Research Downgrades TerraForm Global Inc (GLBL) to Sell
www.americanbankingnews.com - March 15 at 11:09 PM
finance.yahoo.com logoSHAREHOLDER 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
moodys.com logoTerraForm 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
nasdaq.com logoPre-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
finance.yahoo.com logoSHAREHOLDER 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
finance.yahoo.com logoTERRAFORM GLOBAL, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout
finance.yahoo.com - March 7 at 5:11 PM
finance.yahoo.com logoSHAREHOLDER 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
fool.com logoWhat You Need to Know About the TerraForm Yieldco Buyouts
www.fool.com - March 7 at 5:11 PM
rttnews.com logoBrookfield To Acquire TerraForm Global For $787 Mln Cash, Assume $455 Mln Debt
www.rttnews.com - March 7 at 12:25 PM
us.rd.yahoo.com logo6:56 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 (biz.yahoo.com logoTERRAFORM 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
fool.com logoWhy TerraForm Global Inc's Shares Popped 17% Today
www.fool.com - March 7 at 11:41 AM
finance.yahoo.com logoEdited Transcript of GLBL earnings conference call or presentation 24-Feb-17 1:30pm GMT
finance.yahoo.com - February 25 at 2:52 AM
biz.yahoo.com logoTerraForm Global Inc Earnings Call scheduled for 8:30 am ET today
biz.yahoo.com - February 24 at 11:00 AM
biz.yahoo.com logoTERRAFORM GLOBAL, INC. Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Ex
biz.yahoo.com - February 22 at 5:41 PM
rttnews.com logoEARNINGS SUMMARY: Details of TerraForm Global Inc Q3 Earnings Report
www.rttnews.com - February 22 at 12:23 PM
us.rd.yahoo.com logoTerraForm Global Reports 3Q 2016 Financial Results and Files Form 10-Q
us.rd.yahoo.com - February 22 at 12:23 PM
seekingalpha.com logoBuilding A Diversified High-Yield Energy Portfolio - One Year Later
seekingalpha.com - February 14 at 6:35 PM
finance.yahoo.com logoEdited Transcript of GLBL earnings conference call or presentation 9-Feb-17 9:30pm GMT
finance.yahoo.com - February 10 at 6:06 PM
biz.yahoo.com logoTerraForm Global Inc Earnings Call scheduled for 4:30 pm ET today
us.rd.yahoo.com - February 9 at 6:15 PM
seekingalpha.com logoThis Renewable Stock Yields 6.2% And Could Return Over 50%
seekingalpha.com - February 4 at 5:31 PM
us.rd.yahoo.com logoTerraForm Global downgraded by Macquarie
us.rd.yahoo.com - February 3 at 5:51 PM
finance.yahoo.com logoTerraForm Global posts 2Q profit - Yahoo Finance
finance.yahoo.com - January 31 at 6:05 PM
finance.yahoo.com logoTerraForm Global Reports 2Q 2016 Financial Results and Files Form 10-Q
finance.yahoo.com - January 31 at 6:05 PM

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Chart

TerraForm Global (GLBL) Chart for Sunday, May, 28, 2017

This page was last updated on 5/28/2017 by MarketBeat.com Staff