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Also traded in: Germany

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 4/10

vs
industry
vs
history
Cash-to-Debt 0.60
GLBL's Cash-to-Debt is ranked higher than
74% of the 156 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 0.22 vs. GLBL: 0.60 )
Ranked among companies with meaningful Cash-to-Debt only.
GLBL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02  Med: 0.63 Max: 0.89
Current: 0.6
0.02
0.89
Equity-to-Asset 0.28
GLBL's Equity-to-Asset is ranked lower than
62% of the 151 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 0.35 vs. GLBL: 0.28 )
Ranked among companies with meaningful Equity-to-Asset only.
GLBL' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.07  Med: 0.28 Max: 0.35
Current: 0.28
0.07
0.35
Debt-to-Equity 1.61
GLBL's Debt-to-Equity is ranked lower than
64% of the 139 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 1.23 vs. GLBL: 1.61 )
Ranked among companies with meaningful Debt-to-Equity only.
GLBL' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.42  Med: 1.66 Max: 11.87
Current: 1.61
1.42
11.87
Interest Coverage 0.11
GLBL's Interest Coverage is ranked lower than
98% of the 133 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 3.14 vs. GLBL: 0.11 )
Ranked among companies with meaningful Interest Coverage only.
GLBL' s Interest Coverage Range Over the Past 10 Years
Min: 0.11  Med: 0.65 Max: 0.84
Current: 0.11
0.11
0.84
Piotroski F-Score: 3
Altman Z-Score: 0.64
Beneish M-Score: -2.64
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 6/10

vs
industry
vs
history
Operating Margin % 12.56
GLBL's Operating Margin % is ranked higher than
51% of the 158 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 16.14 vs. GLBL: 12.56 )
Ranked among companies with meaningful Operating Margin % only.
GLBL' s Operating Margin % Range Over the Past 10 Years
Min: -182.51  Med: 26.7 Max: 44.64
Current: 12.56
-182.51
44.64
Net Margin % -26.87
GLBL's Net Margin % is ranked lower than
85% of the 158 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 7.40 vs. GLBL: -26.87 )
Ranked among companies with meaningful Net Margin % only.
GLBL' s Net Margin % Range Over the Past 10 Years
Min: -170.64  Med: -18.76 Max: -10.26
Current: -26.87
-170.64
-10.26
ROE % -13.14
GLBL's ROE % is ranked lower than
87% of the 153 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 6.22 vs. GLBL: -13.14 )
Ranked among companies with meaningful ROE % only.
GLBL' s ROE % Range Over the Past 10 Years
Min: -61.8  Med: -10.3 Max: -3.27
Current: -13.14
-61.8
-3.27
ROA % -2.46
GLBL's ROA % is ranked lower than
78% of the 159 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 1.70 vs. GLBL: -2.46 )
Ranked among companies with meaningful ROA % only.
GLBL' s ROA % Range Over the Past 10 Years
Min: -12.6  Med: -1.56 Max: -0.78
Current: -2.46
-12.6
-0.78
ROC (Joel Greenblatt) % 1.98
GLBL's ROC (Joel Greenblatt) % is ranked lower than
75% of the 159 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 7.23 vs. GLBL: 1.98 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
GLBL' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -26.31  Med: 3.18 Max: 4.93
Current: 1.98
-26.31
4.93
GuruFocus has detected 4 Warning Signs with TerraForm Global Inc $GLBL.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» GLBL's 30-Y Financials

Financials (Next Earnings Date: 2018-01-09 Est.)


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

Guru Trades

Q3 2016

GLBL Guru Trades in Q3 2016

Paul Tudor Jones 47,244 sh (+7.60%)
David Tepper 3,847,657 sh (+3.96%)
Ron Baron 4,070,719 sh (unchged)
David Einhorn 1,633,791 sh (-13.11%)
» More
Q4 2016

GLBL Guru Trades in Q4 2016

David Tepper 3,847,657 sh (unchged)
David Einhorn Sold Out
Ron Baron 3,909,612 sh (-3.96%)
Paul Tudor Jones 41,349 sh (-12.48%)
» More
Q1 2017

GLBL Guru Trades in Q1 2017

Mario Gabelli 104,650 sh (New)
Jim Simons 776,809 sh (New)
Paul Tudor Jones 61,427 sh (+48.56%)
David Tepper 3,847,657 sh (unchged)
Ron Baron 2,332,986 sh (-40.33%)
» More
Q2 2017

GLBL Guru Trades in Q2 2017

Jim Simons 1,462,000 sh (+88.21%)
Mario Gabelli 143,913 sh (+37.52%)
David Tepper Sold Out
Ron Baron 2,255,331 sh (-3.33%)
Paul Tudor Jones 39,927 sh (-35.00%)
» More
» Details

Insider Trades

Latest Guru Trades with NAS:GLBL

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Ron Baron 2017-06-30 Reduce -3.33%$4.7 - $5.05 $ 4.78-1%2,255,331
Mario Gabelli 2017-06-30 Add 37.52%$4.7 - $5.05 $ 4.78-1%143,913
David Tepper 2017-06-30 Sold Out 0.3%$4.7 - $5.05 $ 4.78-1%0
Ron Baron 2017-03-31 Reduce -40.33%0.04%$3.95 - $4.95 $ 4.786%2,332,986
Mario Gabelli 2017-03-31 New Buy$3.95 - $4.95 $ 4.786%104,650
Ron Baron 2016-12-31 Reduce -3.96%$3.5 - $4.34 $ 4.7824%3,909,612
David Einhorn 2016-12-31 Sold Out 0.13%$3.5 - $4.34 $ 4.7824%0
David Tepper 2016-09-30 Add 3.96%0.01%$3.2 - $4.2 $ 4.7834%3,847,657
David Einhorn 2016-09-30 Reduce -13.11%0.01%$3.2 - $4.2 $ 4.7834%1,633,791
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Business Description

Industry: Utilities - Independent Power Producers » Utilities - Independent Power Producers    NAICS: 221118    SIC: 4911
Compare:NAS:CAFD, NYSE:DYN, TSX:ATP, OTCPK:CPWR, NAS:FCEL, AMEX:HTM, TSX:ETX, OTCPK:HCCC, OTCPK:CETY, OTCPK:TEGY, NAS:TERP, NAS:PEGI, NYSE:NEP, NYSE:ORA, NYSE:CPN, NYSE:NRG, NYSE:VST » details
Traded in other countries:4TF.Germany,
Headquarter Location:USA
TerraForm Global Inc and its subsidiaries is a diversified renewable energy company that owns long-term contracted solar and wind power plants. The Company's portfolio consists of solar and wind power plants.

TerraForm Global Inc is a Delaware corporation formed on September 12, 2014. The Company and its subsidiaries is a diversified renewable energy company that owns long-term contracted solar and wind power plants. The Company's portfolio consists of solar and wind power plants located in Brazil, China, India, Malaysia, South Africa, Thailand and Uruguay. The Company competes with other solar and wind developers, independent power producers and financial investors based on its relationship with the Sponsor and its development expertise, pipeline, footprint and brand reputation.

Guru Investment Theses on TerraForm Global Inc

Baron Funds Comments on TerraForm Global Inc. - May 19, 2016

Shares of TerraForm Global Inc. (NASDAQ:GLBL), an owner of renewable energy power plants in emerging markets, fell during the quarter due to uncertainty related to the implications of a potential bankruptcy of parent company SunEdison (SUNEQ). In addition, TerraForm Global was unable to execute on transactions to create its formation portfolio. These factors make the company difficult to value, and the stock sold off as a result. We continue to hold the stock as we believe the company is solvent and has enough liquidity to continue.



From the Baron Global Advantage Fund first quarter 2016 commentary.



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Baron Funds Comments on TerraForm Global - Feb 15, 2016

Shares of TerraForm Global, Inc. (NASDAQ:GLBL) declined 11% during the fourth quarter. The last remnant of our ill-fated investment into the SunEdison complex, TerraForm Global, owns and operates a portfolio of renewable power assets in emerging markets. We believe the stock traded lower as a result of delays in the closing of various deals to complete the formation portfolio of renewable assets. In addition, the parent company, SunEdison, abruptly changed the management and the board of TerraForm Global, supposedly to better align the two companies, raising obvious conflict of interest and governance-related concerns among investors. At its current valuation, the company is trading significantly below its NAV and the shares we own continue to be locked up and unavailable for sale until early 2016.





From Baron Funds' Global Advantage Fund letter for the fourth quarter 2015.



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Baron Funds Comments on Terraform Global - Nov 04, 2015

We initiated a position in Terraform Global, Inc. (NASDAQ:GLBL) upon its IPO. TerraForm Global is a globally diversified dividend growth-oriented company formed to own and operate contracted clean power generation assets in attractive high-growth emerging markets. The company’s parent is SunEdison, the world’s largest renewable energy developer, and TerraForm Global’s purpose is to acquire assets that produce high-quality long-term contracted cash flows from SunEdison and other third parties. As a “yieldco”, TerraForm Global’s high dividend payout ratio and long-term contracted cash flows enable a lower cost of capital than its developer parent, and that differential allows the funding of future growth at accretive levels. The market for renewable energy is huge and growing rapidly, with $2.1 trillion of investment needed between 2015 and 2020, of which 35% is in TerraForm Global’s addressable market. Solar and wind energy capacity additions are expected to have a compounded annual growth rate of 32% and 14%, respectively, within its target markets. (Rebecca Ellin)



From Baron Funds' Baron Partners Fund shareholder letter for Q3 2015.



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Baron Funds Comments on TerraForm Global Inc. - Nov 03, 2015

TerraForm Global Inc. (NASDAQ:GLBL) is a divided growth-oriented renewable energy company (a yieldco) focused on emerging markets. The company went public in the third quarter at a lower-than-expected valuation. Its debt capital raise was also more expensive than anticipated, given difficult conditions in high yield and emerging markets. We believe in the secular renewable energy story and that parent SunEdison Inc.’s (SUNE) large development pipeline will benefit its yieldcos. We think the market dislocation is technical and temporary and that TerraForm Global will resume future growth. (Rebecca Ellin)





From Baron Funds' Baron International Growth Fund shareholder letter for third quarter 2015.



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Top Ranked Articles about TerraForm Global Inc

TerraForm Global Announces Details for Conference Call for Investors
TerraForm Global Announces Court Approval of Settlement of Intercompany Claims with SunEdison
TerraForm Global Announces Receipt of Nasdaq Letter
SunEdison Shareholder Group: SunEdison Equity Shareholders needed to help stop fire sale of assets and total loss of investments
TerraForm Global Announces Extension Until June 30, 2017 to Regain Nasdaq Compliance

BETHESDA, Md., March 21, 2017 (GLOBE NEWSWIRE) -- TerraForm Global, Inc. (NASDAQ:GLBL) (“TerraForm Global” or the “Company”), a global owner and operator of clean energy power plants, announced today that the Nasdaq Hearings Panel granted the Company an extension until June 30, 2017 to regain compliance with Nasdaq’s continued listing requirements with respect to its Form 10-K for the year ended December 31, 2016, its Form 10-Q for the first quarter of 2017 and its delinquency in holding its annual meeting during the year ended December 31, 2016.
About TerraForm Global TerraForm Global is a renewable energy company that is changing how energy is generated, distributed and owned. TerraForm Global creates value for its investors by owning and operating clean energy power plants in high-growth emerging markets. For more information about TerraForm Global, please visit: www.terraformglobal.com. Cautionary Note Regarding Forward-Looking Statements This communication contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. These statements involve estimates, expectations, projections, goals, assumptions, known and unknown risks, and uncertainties and typically include words or variations of words such as “expect,” “anticipate,” “believe,” “intend,” “plan,” “seek,” “estimate,” “predict,” “project,” “goal,” “guidance,” “outlook,” “objective,” “forecast,” “target,” “potential,” “continue,” “would,” “will,” “should,” “could,” or “may” or other comparable terms and phrases. Such statements include, without limitation, statements regarding the additional time that has been granted for the Company to regain compliance with the Nasdaq rules; the Company’s ability and time required to regain compliance with the Nasdaq rules; and the progress, outcome and timing of completing the delayed filings and holding the annual meeting. These forward-looking statements are based on current expectations as of the date of this press release and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements, including but not limited to: the extent and impact of delays in the Company’s completion of its financial statements and the filing of its annual and quarterly reports; whether the Nasdaq Hearings Panel will reconsider the terms of the extension granted; whether the Nasdaq Listing and Hearing Review Council will determine to review the Panel’s decision; the Company’s ability to regain compliance with Nasdaq's continued listing requirements; as well as additional factors we have described in other filings with the Securities and Exchange Commission. The risks included above are not exhaustive. Other factors that could adversely affect our business and prospects are described in the filings made by us with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law.
Contacts:

Investors:
Brett Prior
TerraForm Global
[email protected]

Media:
Meaghan Repko / Joseph Sala
Joele Frank, Wilkinson Brimmer Katcher
[email protected]
(212) 355-4449

Read more...
TerraForm Global Announces Receipt of Nasdaq Letter

BETHESDA, Md., March 17, 2017 (GLOBE NEWSWIRE) -- TerraForm Global, Inc. (NASDAQ:GLBL) (“TerraForm Global” or the “Company”), a global owner and operator of clean energy power plants, today announced that on March 17, 2017 it received a notification letter from a Director of Nasdaq Listing Qualifications (the “Notification Letter”). The Notification Letter stated that because the Company has not yet filed its Form 10-K for the year ended December 31, 2016 (the “2016 10-K”), the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of periodic reports with the Securities and Exchange Commission.
The Notification Letter noted that on February 21, 2017, the Company filed its Form 10-Q for the period ended September 30, 2016, and as a result regained compliance with Listing Rule 5250(c)(1). The Notification Letter also noted that, per listing Rule 5815(c)(1)(F), the Nasdaq Hearings Panel may grant the Company an exception period not to exceed 360 days from the due date of the 2016 10-K, or March 12, 2018. The Notification Letter has no immediate effect on the listing of the Company’s common stock on the Nasdaq Global Select Market. About TerraForm Global TerraForm Global is a renewable energy company that is changing how energy is generated, distributed and owned. TerraForm Global creates value for its investors by owning and operating clean energy power plants in high-growth emerging markets. For more information about TerraForm Global, please visit: www.terraformglobal.com. Cautionary Note Regarding Forward-Looking Statements This communication contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. These statements involve estimates, expectations, projections, goals, assumptions, known and unknown risks, and uncertainties and typically include words or variations of words such as “expect,” “anticipate,” “believe,” “intend,” “plan,” “seek,” “estimate,” “predict,” “project,” “goal,” “guidance,” “outlook,” “objective,” “forecast,” “target,” “potential,” “continue,” “would,” “will,” “should,” “could,” or “may” or other comparable terms and phrases. Such statements include, without limitation, statements regarding the additional time that may be granted for the Company to regain compliance with the Nasdaq rules; the Company’s ability and time required to regain compliance with Nasdaq’s rules; and the progress, outcome and timing of completing the 2016 10-K. These forward-looking statements are based on current expectations as of the date of this press release and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements, including but not limited to: the extent and impact of delays in the Company’s completion of its 2016 10-K; whether the Company will be granted additional time to regain compliance with Nasdaq’s continued listing requirements; the Company’s ability to regain compliance with Nasdaq’s continued listing requirements; as well as additional factors we have described in other filings with the Securities and Exchange Commission. The risks included above are not exhaustive. Other factors that could adversely affect our business and prospects are described in the filings made by us with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law.
Contacts:

Investors:

Brett Prior
TerraForm Global
[email protected]

Media:

Meaghan Repko / Joseph Sala
Joele Frank, Wilkinson Brimmer Katcher
[email protected]
(212) 355-4449

Read more...
Brookfield to Acquire TerraForm Global

BETHESDA, Md., March 07, 2017 (GLOBE NEWSWIRE) -- TerraForm Global, Inc. (NASDAQ:GLBL) (“TerraForm Global” or the “Company”), an owner and operator of clean energy power plants, today announced that it has entered into a definitive merger agreement under which Brookfield Asset Management Inc. (:BAM) (TSX:BAM.A) (EURONEXT AMSTERDAM:BAMA) (“Brookfield”), a leading global alternative asset manager, will acquire TerraForm Global for approximately $787 million in cash and will assume approximately $455 million in net debt, representing an enterprise value of approximately $1.3 billion. TerraForm Global owns and operates, or has contracts to acquire, a fleet of 31 wind and solar power plants totaling 952 MW of capacity spread across Brazil, India, China, South Africa, Thailand, Malaysia, and Uruguay.
Transaction Details Under the terms of the merger agreement, Brookfield will purchase all of the outstanding Class A shares of TerraForm Global for $5.10 per share in cash. For Class A shareholders, this represents a premium of approximately 50% to TerraForm Global’s closing share price on September 16, 2016, the last trading day prior to TerraForm Global’s announcement that its Board of Directors had initiated an exploration of strategic alternatives to maximize shareholder value. Immediately prior to the merger, pursuant to a settlement agreement entered into between TerraForm Global and SunEdison, Inc. (“SunEdison”) will exchange all of its Class B shares and TerraForm Global, LLC Class B units into 25% of the outstanding Class A shares on a fully diluted basis. The transaction has been approved by the Board of Directors of TerraForm Global, acting on the recommendation of its Corporate Governance and Conflicts Committee, and has also been approved by the Board of Directors of Brookfield. This transaction also has the support of SunEdison. Compelling Strategic and Financial Rationale “We are pleased to have reached a successful completion of TerraForm Global’s strategic alternatives process to maximize value for our shareholders,” said Peter Blackmore, Chairman and Interim Chief Executive Office of TerraForm Global. “After a thorough review of alternatives and the significant steps taken by the Board and management to best position TerraForm Global for success, we are confident a sale to Brookfield is the best possible transaction for our shareholders. We look forward to working closely with Brookfield’s experienced team to achieve a timely closing and a seamless transition." “SunEdison is supportive of this transaction which we believe maximizes value for the estate and the independent shareholders of TerraForm Global,” said John Dubel, Chief Executive Officer and Chief Restructuring Officer of SunEdison. Approvals and Timing to Close The transaction is expected to be completed in the second half of 2017 and is subject to certain closing conditions, including shareholder approval by the majority of Class A shareholders (excluding SunEdison and Brookfield), regulatory approvals, the resolution of certain litigation against TerraForm Global, and certain approvals from the U.S. bankruptcy court overseeing the SunEdison Chapter 11 bankruptcy case, including the Court’s approval of the settlement agreement between TerraForm Global and SunEdison, and the Court’s approval of SunEdison’s vote in favor of the Brookfield transaction. The completion of this transaction is not subject to the completion of Brookfield’s transaction with TerraForm Power, Inc. also announced today. TerraForm Global’s Settlement Agreement with SunEdison TerraForm Global also announced today that it has entered into a settlement agreement with SunEdison in connection with the Chapter 11 bankruptcy case of SunEdison (the “SunEdison Bankruptcy”). This agreement is subject to the approval of the U.S. bankruptcy court overseeing the SunEdison Bankruptcy. The settlement agreement contains certain terms to resolve the complex legal relationship between TerraForm Global and SunEdison, including, among other things, an allocation of the total consideration paid in connection with the Brookfield transaction and, with certain exceptions, the full mutual release of all claims between SunEdison and its affiliated debtors and non-debtors and TerraForm Global and its subsidiaries. Under the settlement terms, following the exchange of all of its Class B shares and TerraForm Global, LLC Class B units for Class A shares, SunEdison will receive consideration equal to 25% of the total consideration paid to all of TerraForm Global’s shareholders, reflecting the settlement of intercompany claims and cancellation of incentive distribution rights. The remaining 75% of the consideration will be distributed to existing Class A shareholders. In connection with the merger agreement, SunEdison, TerraForm Global and Brookfield entered into a voting and support agreement under which SunEdison agreed to vote all of its shares of TerraForm Global in favor of the Brookfield transaction. This agreement is also subject to the approval of the U.S. bankruptcy court overseeing the SunEdison Bankruptcy. The settlement agreement has been approved by the Board of Directors of TerraForm Global, acting on the recommendation of its Corporate Governance and Conflicts Committee. Additional information about the merger agreement and the settlement agreement can be found in the Current Report on Form 8-K that TerraForm Global filed with the Securities and Exchange Commission today. A copy of the filing is available on the Investors page of TerraForm Global’s website at http://www.terraformglobal.com. Advisors Greentech Capital Advisors, Centerview Partners, and AlixPartners acted as financial advisors to TerraForm Global on this transaction. Sullivan & Cromwell LLP acted as legal counsel for TerraForm Global. Greenberg Traurig, LLP and Robbins, Russell, Englert, Orseck, Untereiner & Sauber, LLP acted as legal counsel for the independent directors and the Corporate Governance and Conflicts Committee. Rothschild and Ankura Consulting acted as financial advisors to SunEdison. Skadden Arps acted as legal counsel for SunEdison. For certain of SunEdison’s second lien creditor constituents, J.P. Morgan Securities LLC and Houlihan Lokey acted as financial advisors, and Akin Gump acted as legal counsel. About TerraForm Global TerraForm Global is a renewable energy company that is changing how energy is generated, distributed and owned. TerraForm Global creates value for its investors by owning and operating clean energy power plants in high-growth emerging markets. For more information about TerraForm Global, please visit: www.terraformglobal.com. Cautionary Note Regarding Forward-Looking Statements This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.  Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts.  These statements involve estimates, expectations, projections, goals, assumptions, known and unknown risks, and uncertainties and typically include words or variations of words such as “expect,” “anticipate,” “believe,” “intend,” “plan,” “seek,” “estimate,” “predict,” “project,” “goal,” “guidance,” “outlook,” “objective,” “forecast,” “target,” “potential,” “continue,” “would,” “will,” “should,” “could,” or “may” or other comparable terms and phrases.  All statements that address operating performance, events, or developments that the Company expects or anticipates will occur in the future are forward-looking statements.  They may include financial metrics such as estimates of expected adjusted earnings before interest, taxes, depreciation and amortization, cash available for distribution, earnings, revenues, capital expenditures, liquidity, capital structure, future growth, financing arrangement and other financial performance items (including future dividends per share), descriptions of management’s plans or objectives for future operations, products, or services, or descriptions of assumptions underlying any of the above.  Forward-looking statements are based on the Company’s current expectations or predictions of future conditions, events, or results and speak only as of the date they are made.  Although the Company believes its respective expectations and assumptions are reasonable, it can give no assurance that these expectations and assumptions will prove to have been correct and actual results may vary materially. By their nature, forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking statements.  Factors that might cause such differences include, but are not limited to, the expected timing and likelihood of completion of the Merger, including the timing, receipt and terms and conditions of any required governmental approvals of the Merger that could cause the parties to abandon the transaction; the occurrence of any event, change or other circumstances that could give rise to the termination of the Merger Agreement; the risk of failure by the Bankruptcy Court to confirm the Settlement Agreement, the Voting and Support Agreement and any other agreement entered into in connection with the Merger or the other transactions contemplated by the Merger Agreement to which SunEdison or any other debtor will be a party; the risk of failure of the holders of a majority of the outstanding Shares to adopt the Merger Agreement and of the holders of a majority of the Class A Shares other than SunEdison and its affiliates and Brookfield and its affiliates to approve the Merger Agreement and the transactions contemplated by the Merger Agreement; the risk that the parties may not be able to satisfy the conditions to the Merger in a timely manner or at all; risks related to disruption of management time from ongoing business operations due to the Merger; the risk that any announcements relating to the Merger could have adverse effects on the market price of the Company’s common stock; the risk that the proposed transaction and its announcement could have an adverse effect on the Company’s ability to retain and hire key personnel and maintain relationships with its suppliers and customers and on its operating results and businesses generally; the Company’s relationship with SunEdison, including SunEdison’s bankruptcy filings; risks related to events of default and potential events of default arising under project-level financings and other agreements due to various factors; risks related to the Company’s failure to satisfy continued listing requirements of NASDAQ; the Company’s ability to acquire projects at attractive prices as well as to integrate the projects the Company acquires from third parties or otherwise realize the anticipated benefits from such acquisitions, including through refinancing or future sales; actions of third parties, including but not limited to the failure of SunEdison to fulfill its obligations and the actions of the Company’s bondholders and other creditors; price fluctuations, termination provisions and buyout provisions in offtake agreements; delays or unexpected costs during the completion of projects the Company intends to acquire; regulatory requirements and incentives for production of renewable power; operating and financial restrictions under agreements governing indebtedness; the condition of the debt and equity capital markets and the Company’s ability to borrow additional funds and access capital markets; the impact of foreign exchange rate fluctuations; the Company’s ability to compete against traditional and renewable energy companies; hazards customary to the power production industry and power generation operations, such as unusual weather conditions and outages or other curtailment of the Company’s power plants; departure of some or all of SunEdison’s employees, particularly key employees and operations and maintenance or asset management personnel that the Company significantly relies upon; pending and future litigation; and the Company’s ability to operate the Company’s business efficiently, including to manage the transition from SunEdison information technology, technical, accounting and generation monitoring systems, to manage and complete governmental filings on a timely basis, and to manage the Company’s capital expenditures, economic, social and political risks and uncertainties inherent in international operations, including operations in emerging markets and the impact of foreign exchange rate fluctuations, the imposition of currency controls and restrictions on repatriation of earnings and cash, protectionist and other adverse public policies, including local content requirements, import/export tariffs, increased regulations or capital investment requirements, conflicting international business practices that may conflict with other customs or legal requirements to which we are subject, the inability to obtain, maintain or enforce intellectual property rights, and being subject to the jurisdiction of courts other than those of the United States, including uncertainty of judicial processes and difficulty enforcing contractual agreements or judgments in foreign legal systems or incurring additional costs to do so. Many of these factors are beyond the Company’s control. The Company disclaims any obligation to update or revise any forward-looking statement to reflect changes in underlying assumptions, factors, or expectations, new information, data, or methods, future events, or other changes, except as required by law.  The foregoing list of factors that might cause results to differ materially from those contemplated in the forward-looking statements should be considered in connection with information regarding risks and uncertainties which are described in the Company’s Form 10-K for the 2015 fiscal year and Forms 10-Q for the first, second and third quarters of 2016, as well as additional factors it may describe from time to time in other filings with the SEC or incorporated herein.  You should understand that it is not possible to predict or identify all such factors and, consequently, you should not consider any such list to be a complete set of all potential risks or uncertainties. Additional Information and Where to Find It This communication may be deemed to be solicitation material in respect of the proposed acquisition of the Company by Parent.  In connection with the proposed acquisition, Parent and the Company intend to file relevant materials with the SEC, including the Company’s proxy statement on Schedule 14A.  STOCKHOLDERS OF THE COMPANY ARE URGED TO READ ALL RELEVANT DOCUMENTS FILED WITH THE SEC, INCLUDING THE COMPANY’S PROXY STATEMENT, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION.  Investors and security holders will be able to obtain the documents free of charge at the SEC’s website, http://www.sec.gov.  The Company’s stockholders will also be able to obtain, without charge, a copy of the proxy statement and other relevant documents (when available) by directing a request by mail or telephone to TerraForm Global, Inc., 7550 Wisconsin Avenue, 9th Floor, Bethesda, Maryland 20814: (240) 762-7700, or from the Company’s website, https://www.terraformglobal.com/.
Contacts

Investors for TerraForm Global:
Brett Prior
Head of Investor Relations
[email protected]
(650) 889-8628

Media for TerraForm Global:
Meaghan Repko / Joseph Sala
Joele Frank, Wilkinson Brimmer Katcher
[email protected]
(212) 355-4449

Read more...

Ratios

vs
industry
vs
history
Forward PE Ratio 59.52
GLBL's Forward PE Ratio is ranked lower than
99.99% of the 30 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 23.75 vs. GLBL: 59.52 )
Ranked among companies with meaningful Forward PE Ratio only.
N/A
PB Ratio 1.22
GLBL's PB Ratio is ranked higher than
57% of the 149 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 1.42 vs. GLBL: 1.22 )
Ranked among companies with meaningful PB Ratio only.
GLBL' s PB Ratio Range Over the Past 10 Years
Min: 0.59  Med: 1.02 Max: 1.79
Current: 1.22
0.59
1.79
PS Ratio 2.42
GLBL's PS Ratio is ranked lower than
56% of the 149 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 2.23 vs. GLBL: 2.42 )
Ranked among companies with meaningful PS Ratio only.
GLBL' s PS Ratio Range Over the Past 10 Years
Min: 1.48  Med: 2.42 Max: 14.03
Current: 2.42
1.48
14.03
EV-to-EBIT 59.58
GLBL's EV-to-EBIT is ranked lower than
90% of the 127 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 16.51 vs. GLBL: 59.58 )
Ranked among companies with meaningful EV-to-EBIT only.
GLBL' s EV-to-EBIT Range Over the Past 10 Years
Min: -7  Med: 38.9 Max: 258
Current: 59.58
-7
258
EV-to-EBITDA 18.50
GLBL's EV-to-EBITDA is ranked lower than
80% of the 138 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 11.07 vs. GLBL: 18.50 )
Ranked among companies with meaningful EV-to-EBITDA only.
GLBL' s EV-to-EBITDA Range Over the Past 10 Years
Min: -10.1  Med: 15.5 Max: 78.2
Current: 18.5
-10.1
78.2
EV-to-Revenue 7.48
GLBL's EV-to-Revenue is ranked lower than
68% of the 156 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 4.15 vs. GLBL: 7.48 )
Ranked among companies with meaningful EV-to-Revenue only.
GLBL' s EV-to-Revenue Range Over the Past 10 Years
Min: 5.9  Med: 6.5 Max: 19.5
Current: 7.48
5.9
19.5
Current Ratio 1.81
GLBL's Current Ratio is ranked higher than
75% of the 154 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 1.30 vs. GLBL: 1.81 )
Ranked among companies with meaningful Current Ratio only.
GLBL' s Current Ratio Range Over the Past 10 Years
Min: 0.92  Med: 2.21 Max: 6.57
Current: 1.81
0.92
6.57
Quick Ratio 1.81
GLBL's Quick Ratio is ranked higher than
77% of the 154 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 1.12 vs. GLBL: 1.81 )
Ranked among companies with meaningful Quick Ratio only.
GLBL' s Quick Ratio Range Over the Past 10 Years
Min: 0.92  Med: 2.21 Max: 6.57
Current: 1.81
0.92
6.57
Days Sales Outstanding 60.11
GLBL's Days Sales Outstanding is ranked lower than
55% of the 121 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 53.79 vs. GLBL: 60.11 )
Ranked among companies with meaningful Days Sales Outstanding only.
GLBL' s Days Sales Outstanding Range Over the Past 10 Years
Min: 60.11  Med: 82.18 Max: 108.51
Current: 60.11
60.11
108.51
Days Payable 93.84
GLBL's Days Payable is ranked higher than
67% of the 96 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 61.66 vs. GLBL: 93.84 )
Ranked among companies with meaningful Days Payable only.
GLBL' s Days Payable Range Over the Past 10 Years
Min: 93.39  Med: 178.44 Max: 848.52
Current: 93.84
93.39
848.52

Buy Back

vs
industry
vs
history
5-Year Yield-on-Cost % 5.82
GLBL's 5-Year Yield-on-Cost % is ranked higher than
70% of the 257 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 4.00 vs. GLBL: 5.82 )
Ranked among companies with meaningful 5-Year Yield-on-Cost % only.
GLBL' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 3.04  Med: 11.27 Max: 19.02
Current: 5.82
3.04
19.02

Valuation & Return

vs
industry
vs
history
Price-to-Tangible-Book 1.41
GLBL's Price-to-Tangible-Book is ranked higher than
57% of the 138 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 1.69 vs. GLBL: 1.41 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
GLBL' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.67  Med: 1.24 Max: 1.56
Current: 1.41
0.67
1.56
Price-to-Median-PS-Value 1.00
GLBL's Price-to-Median-PS-Value is ranked lower than
62% of the 138 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 0.98 vs. GLBL: 1.00 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
GLBL' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.71  Med: 0.94 Max: 3.89
Current: 1
0.71
3.89
Earnings Yield (Greenblatt) % 1.66
GLBL's Earnings Yield (Greenblatt) % is ranked lower than
72% of the 159 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 4.86 vs. GLBL: 1.66 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
GLBL' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: -22.1  Med: 0.4 Max: 2.7
Current: 1.66
-22.1
2.7

More Statistics

Revenue (TTM) (Mil) $229.19
EPS (TTM) $ -0.55
Short Percentage of Float0.95%
52-Week Range $3.40 - 5.10
Shares Outstanding (Mil)174.31

Analyst Estimate

Dec17 Dec18
Revenue (Mil $)
EPS ($) -0.07 0.08
EPS without NRI ($) -0.07 0.08
EPS Growth Rate
(Future 3Y To 5Y Estimate)
N/A
Dividends per Share ($)
» More Articles for NAS:GLBL

Headlines

Articles On GuruFocus.com
TerraForm Global Announces Details for Conference Call for Investors Jun 14 2017 
TerraForm Global Announces Court Approval of Settlement of Intercompany Claims with SunEdison Jun 06 2017 
TerraForm Global Announces Receipt of Nasdaq Letter May 16 2017 
SunEdison Shareholder Group: SunEdison Equity Shareholders needed to help stop fire sale of assets a Apr 21 2017 
TerraForm Global Announces Extension Until June 30, 2017 to Regain Nasdaq Compliance Mar 21 2017 
TerraForm Global Announces Receipt of Nasdaq Letter Mar 17 2017 
Brookfield to Acquire TerraForm Global Mar 07 2017 
Baron Funds Comments on TerraForm Global Inc. May 19 2016 
Will TerraForm Follow SunEdison to Bankruptcy? May 09 2016 
Get Out While You Can as SunEdison is Headed to $0 Apr 25 2016 

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