Karp Capital Management Corp Invests $241,000 in TerraForm Global, Inc. (NASDAQ:GLBL)

Karp Capital Management Corp purchased a new position in shares of TerraForm Global, Inc. (NASDAQ:GLBL) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 50,129 shares of the energy company’s stock, valued at approximately $241,000.

Other large investors have also recently added to or reduced their stakes in the company. AQR Capital Management LLC bought a new position in TerraForm Global during the fourth quarter valued at $124,000. Nisa Investment Advisors LLC bought a new position in TerraForm Global during the first quarter valued at $128,000. UBS Asset Management Americas Inc. raised its position in TerraForm Global by 101.9% in the first quarter. UBS Asset Management Americas Inc. now owns 41,600 shares of the energy company’s stock valued at $200,000 after buying an additional 21,000 shares in the last quarter. Bank of Montreal Can raised its position in TerraForm Global by 130.9% in the first quarter. Bank of Montreal Can now owns 44,496 shares of the energy company’s stock valued at $214,000 after buying an additional 25,228 shares in the last quarter. Finally, Numeric Investors LLC raised its position in TerraForm Global by 686.0% in the fourth quarter. Numeric Investors LLC now owns 106,900 shares of the energy company’s stock valued at $422,000 after buying an additional 93,300 shares in the last quarter. Institutional investors and hedge funds own 57.61% of the company’s stock.

Shares of TerraForm Global, Inc. (NASDAQ:GLBL) opened at 5.05 on Tuesday. TerraForm Global, Inc. has a 12-month low of $3.17 and a 12-month high of $5.10. The company’s market capitalization is $570.41 million. The company’s 50 day moving average is $4.90 and its 200 day moving average is $4.59.

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Several research analysts have weighed in on GLBL shares. Zacks Investment Research upgraded shares of TerraForm Global from a “sell” rating to a “hold” rating in a research note on Thursday, April 6th. BidaskClub upgraded shares of TerraForm Global from a “hold” rating to a “buy” rating in a research note on Saturday, July 8th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $7.00.

TerraForm Global Company Profile

TerraForm Global, Inc is a holding company. The Company is a diversified renewable energy company that owns contracted solar and wind power plants. The Company operates through two segments: Solar Energy and Wind Energy. The segments include the Company’s entire portfolio of power plants. The Company’s portfolio consisted of solar and wind power plants located in Brazil, China, India, Malaysia, South Africa, Thailand and Uruguay with an aggregate net capacity of 916.4 megawatts (MW) as of October 31, 2016.

Institutional Ownership by Quarter for TerraForm Global (NASDAQ:GLBL)

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