TerraForm Global Inc (GLBL) Receives Average Recommendation of “Hold” from Analysts

Shares of TerraForm Global Inc (NASDAQ:GLBL) have been given an average rating of “Hold” by the five ratings firms that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and one has issued a buy recommendation on the company.

Several research analysts have issued reports on the stock. BidaskClub raised shares of TerraForm Global from a “strong sell” rating to a “sell” rating in a report on Tuesday, December 12th. Zacks Investment Research cut shares of TerraForm Global from a “buy” rating to a “hold” rating in a report on Wednesday, December 6th. Finally, ValuEngine cut shares of TerraForm Global from a “hold” rating to a “sell” rating in a report on Tuesday, September 12th.

Shares of TerraForm Global (GLBL) remained flat at $$5.10 during midday trading on Thursday. 1,917,934 shares of the stock were exchanged, compared to its average volume of 936,433. TerraForm Global has a twelve month low of $3.80 and a twelve month high of $5.10. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.74 and a current ratio of 1.74.

A number of institutional investors have recently modified their holdings of GLBL. State Board of Administration of Florida Retirement System raised its holdings in TerraForm Global by 87.0% in the third quarter. State Board of Administration of Florida Retirement System now owns 27,240 shares of the energy company’s stock worth $129,000 after buying an additional 12,670 shares during the last quarter. BlueCrest Capital Management Ltd purchased a new position in TerraForm Global in the second quarter worth about $151,000. Voya Investment Management LLC raised its holdings in TerraForm Global by 13.5% in the second quarter. Voya Investment Management LLC now owns 47,874 shares of the energy company’s stock worth $242,000 after buying an additional 5,705 shares during the last quarter. Alpine Global Management LLC purchased a new position in TerraForm Global in the second quarter worth about $253,000. Finally, Dimensional Fund Advisors LP purchased a new position in TerraForm Global in the second quarter worth about $261,000. 49.34% of the stock is owned by institutional investors and hedge funds.

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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.

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