odyd

TerraForm Global (GLBL)

    258 posts in this topic

    I moved your post to GLBL, as it is easy to get confused with the names.

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    I suspect Barclays is a little late on that downgrade, might have been worth something a month or so ago.

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    46 minutes ago, kknd1234 said:

     Downgrades

    Barclays downgraded the rating for 8Point3 Energy Partners LP CAFD from Equal-Weight to Underweight, while reducing the price target from $16 to $14.

    TerraForm Global Inc GLBL has been downgraded from Overweight to Equal-Weight, while the price target has been lowered from $10 to $4.

    http://www.benzinga.com/analyst-ratings/analyst-color/16/01/6162193/barclays-is-broadly-positive-on-solar-group 

    I was hoping to see the reason for this downgrade but none was given.  Anybody could just do that.  I think they don't want to look bad so they just adjust the price to align with current SP to make them look good.  Wait until it goes up then they will upgrade and raise price target.

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    Very interesting IMO article that all in GLBL should spend some time reading: http://seekingalpha.com/article/3829746-investors-balancing-fears-potential-regarding-terraform-global

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    On 1/22/2016 at 6:11 AM, odyd said:

    100% right Jet,.

    Interesting to note that a day after the downgrade (around $3.30), the stock quickly went up to the high of $4.90 (if you can believe Yahoo finance).  That is $1.60 pop for almost 50% increase within a few trading days.  So, will always take Analyst rating with grains of salt.  Make it a bucket full of salt.

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    Anyone have a clear guess as to when the ex-dividend date is for TERP and GLBL? I have some recollection of that conversation happening here, but not remembering it now. Last quarter it was the 27th of Nov for both, which suggests end of Feb this quarter, but that seems to far out. Not overly familiar with dividend dates relative to quarterly earnings releases.

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    It will be the end of February (25th or 26th). Its actually very easy to check too: http://finance.yahoo.com/q/hp?s=TERP&a=00&b=1&c=2014&d=00&e=29&f=2016&g=v

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    Cooperman takes 5.2% ( 6,013,155 shares )stake in GLBL

    https://www.sec.gov/Archives/edgar/data/1620702/000117152016000762/0001171520-16-000762-index.htm

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    Just spoke to IR on why no press release on earnings date. It is because now they are not 100% sure that it will be 25th.

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