TerraForm Global Company Profile (NASDAQ:GLBL)

TerraForm Global trades on the NASDAQ under the ticker symbol "GLBL."

TerraForm Global, Inc. (NASDAQ:GLBL) posted its quarterly earnings results on Wednesday, August, 9th. The company reported ($0.09) earnings per share for the quarter, missing the Zacks' consensus estimate of ($0.08) by $0.01. The company had revenue of $62.50 million for the quarter, compared to analysts' expectations of $66.33 million. TerraForm Global had a negative return on equity of 6.15% and a negative net margin of 26.87%. During the same period in the prior year, the business earned $0.01 EPS. View TerraForm Global's Earnings History.

2 brokers have issued twelve-month price objectives for TerraForm Global's shares. Their forecasts range from $5.00 to $5.00. On average, they expect TerraForm Global's share price to reach $5.00 in the next twelve months. View Analyst Ratings for TerraForm Global.

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. " (10/9/2017)
• 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)

Some companies that are related to TerraForm Global include Alliance Holdings GP, L.P. (AHGP), Crestwood Equity Partners LP (CEQP), Rowan Companies PLC (RDC), Tullow Oil PLC (TUWOY), Golar LNG Partners LP (GMLP), CVR Refining, LP (CVRR), Suburban Propane Partners, L.P. (SPH), Ensco Plc (ESV), Summit Midstream Partners, LP (SMLP), Dril-Quip (DRQ), Rice Midstream Partners LP (RMP), Frank's International N.V. (FI), Cairn Energy PLC (CRNCY), Forum Energy Technologies (FET), Western Refining Logistics, LP (WNRL), Warrior Met Coal (HCC), NGL ENERGY PARTNERS LP (NGL) and NOW (DNOW).

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
• Yana Kravtsova, Senior Vice President, General Counsel, Secretary
• Christopher A. Compton, Director
• Hanif W. Dahya, Director
• Alan B. Miller, Director
• David Ringhofer, Director
• Gregory William Scallen, Director

(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 acted 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.

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.

One share of TerraForm Global stock can currently be purchased for approximately $4.90.