TerraForm Global, Inc. (GLBL) Announces Earnings Results, Misses Estimates By $0.01 EPS
TerraForm Global, Inc. (NASDAQ:GLBL) announced its quarterly earnings results on Wednesday. The energy company reported ($0.09) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.08) by $0.01, MarketWatch Earnings reports. 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 return on equity of 5.06% and a negative net margin of 22.46%. During the same quarter in the previous year, the firm earned $0.01 EPS.
TerraForm Global (NASDAQ:GLBL) traded down 0.50% during trading on Thursday, reaching $5.00. 453,822 shares of the company’s stock traded hands. TerraForm Global has a one year low of $3.25 and a one year high of $5.10. The firm’s market cap is $564.76 million. The company has a 50 day moving average of $5.02 and a 200 day moving average of $4.80.
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Several research firms have issued reports on GLBL. BidaskClub cut shares of TerraForm Global from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. Zacks Investment Research upgraded shares of TerraForm Global from a “sell” rating to a “hold” rating in a research note on Thursday, July 6th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $7.00.
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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