Goldman Sachs Upgrades TerraForm Global Inc to Neutral

Brokerage firm Goldman Sachs Upgrades its rating on TerraForm Global Inc(NASDAQ:GLBL). The shares have been rated Neutral. Previously, the analysts had a Sell rating on the shares. The rating by Goldman Sachs was issued on Jul 21, 2016.

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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