Macquarie Downgrades TerraForm Global Inc to Neutral

Brokerage firm Macquarie Downgrades its rating on TerraForm Global Inc(GLBL). The shares have been rated Neutral. Previously, the analysts had a Outperform rating on the shares. The rating by Macquarie was issued on Feb 3, 2017.

TerraForm Global Inc (GLBL) remained unchanged at the close of Tuesday session. Even as the volume increased to 4,05,519 ,the shares failed to make any impression and ended at 0 points or 0.00% at $4.4. The trading session commenced at $4.4 and the stock hit a high of $4.5 and touched $4.35 at the lower end. Considering that the stock pared all of the losses, it can be said as a positive sign. The share price has a 52-week high of $4.6 and the 52-week low is $1.92. The company has a market cap of $768 M and has approximately 17,45,71,580 outstanding shares.

TerraForm Global Inc(GLBL) last announced its earnings results on Dec 21, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $51.763M. Analysts had an estimated revenue of $60.900M. Earnings per share were $-2.52. Analysts had estimated an EPS of $-0.55.

Several Insider Transactions has been reported to the SEC. On Aug 26, 2015, Carlos Domenech (CEO) purchased 15,625 shares at $8.05 per share price.Also, On Aug 24, 2015, Mark D Lerdal (director) purchased 10,000 shares at $9.42 per share price.On Aug 5, 2015, Jeremy Avenier (CFO) purchased 5,000 shares at $15.00 per share price, according to the Form-4 filing with the securities and exchange commission.

TerraForm Global Inc. is a holding company. The Company owns interest in TerraForm Global LLC a diversified renewable energy company that owns long-term contracted wind solar and hydro-electric power plants. The Company’s portfolio of projects include Hercules (China) NSM 24 (India) NSM Suryalabh (India) NSM Sitara (India) NSM L’Volta (India) Brakes (India) Raj 5 (India) Focal (India) Bhakrani (India) Gadag (India) Hanumanhatti (India) Boshoff (South Africa) Klipheuwel (South Africa) Koonkoonsies (South Africa) Witkop (South Africa) Soutpan (South Africa) Silverstar Pavilion (Malaysia) Fortune 11 (Malaysia) PP Solar (Thailand) ESPRA (Brazil) El Naranjal (Uruguay) Del Litoral (Uruguay) Alto Cielo (Uruguay) and LAP Portfolio (Peru). In addition the Company operates Salvador and Bahia wind energy projects that are located in Brazil. The Company serves a range of utility commercial industrial and government customers.

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