TerraForm Global, Inc. (NASDAQ:GLBL) has been assigned a consensus rating of “Hold” from the five brokerages that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company.
GLBL has been the subject of a number of research analyst reports. BidaskClub raised shares of TerraForm Global from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th. Zacks Investment Research raised shares of TerraForm Global from a “hold” rating to a “buy” rating and set a $5.75 target price for the company in a research report on Monday, September 11th. Finally, ValuEngine downgraded shares of TerraForm Global from a “hold” rating to a “sell” rating in a research report on Tuesday, September 12th.
A number of large investors have recently bought and sold shares of GLBL. Teachers Advisors LLC grew its position in TerraForm Global by 8.3% in the 4th quarter. Teachers Advisors LLC now owns 156,890 shares of the energy company’s stock worth $620,000 after purchasing an additional 12,000 shares during the period. Bank of New York Mellon Corp grew its position in TerraForm Global by 20.0% in the 1st quarter. Bank of New York Mellon Corp now owns 451,281 shares of the energy company’s stock worth $2,166,000 after purchasing an additional 75,076 shares during the period. UBS Asset Management Americas Inc. grew its position in TerraForm Global by 101.9% in the 1st quarter. UBS Asset Management Americas Inc. now owns 41,600 shares of the energy company’s stock worth $200,000 after purchasing an additional 21,000 shares during the period. Karp Capital Management Corp bought a new stake in TerraForm Global in the 1st quarter worth approximately $241,000. Finally, American International Group Inc. grew its position in TerraForm Global by 7.1% in the 1st quarter. American International Group Inc. now owns 56,267 shares of the energy company’s stock worth $270,000 after purchasing an additional 3,715 shares during the period. 49.78% of the stock is owned by institutional investors and hedge funds.
TerraForm Global (NASDAQ:GLBL) traded up 0.51% during trading on Friday, hitting $4.90. The stock had a trading volume of 281,176 shares. The company’s market capitalization is $553.55 million. TerraForm Global has a 1-year low of $3.40 and a 1-year high of $5.10. The stock’s 50-day moving average price is $4.84 and its 200-day moving average price is $4.84.
TerraForm Global (NASDAQ:GLBL) last posted its earnings results on Wednesday, August 9th. The energy company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.01). TerraForm Global had a negative return on equity of 6.15% and a negative net margin of 26.87%. The company had revenue of $62.50 million during the quarter, compared to the consensus estimate of $66.33 million. During the same period last year, the firm posted $0.01 EPS. Analysts expect that TerraForm Global will post ($0.16) earnings per share for the current year.
About TerraForm Global
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.
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