Terraform Global, Inc., global owner and operator of clean energy power plants, achieved operating revenues of $56 million in the first quarter of 2017 compared to $48 million in Q1 2016. Net loss was $2 million (Q1 2016: $6 million). The company owns PV and wind power plants with a capacity of 919 MW (890 MW).
In March 2017, a Nasdaq Hearings Panel granted a request from the company for an extension to file its Q1 report until June 30, 2017 to regain compliance with Nasdaq’s continued listing requirements. Nasdaq required the company to hold an annual meeting of stockholders (which the company did not hold in 2016). Terraform Global expects to regain compliance with Nasdaq’s continued listing requirements following the 2017 annual meeting.
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