TerraForm Global, Inc. (GLBL) Shares Bought by Gabelli Funds LLC

Gabelli Funds LLC grew its stake in TerraForm Global, Inc. (NASDAQ:GLBL) by 43.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,453,932 shares of the energy company’s stock after purchasing an additional 438,611 shares during the quarter. Gabelli Funds LLC owned approximately 1.29% of TerraForm Global worth $6,906,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brookfield Asset Management Inc. purchased a new position in shares of TerraForm Global in the second quarter worth about $98,657,000. Alpine Associates Management Inc. purchased a new position in shares of TerraForm Global in the second quarter worth about $23,915,000. GABELLI & Co INVESTMENT ADVISERS INC. lifted its stake in shares of TerraForm Global by 9.2% in the third quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 2,350,819 shares of the energy company’s stock worth $11,166,000 after buying an additional 197,200 shares in the last quarter. Banco BTG Pactual S.A. lifted its stake in shares of TerraForm Global by 60.5% in the second quarter. Banco BTG Pactual S.A. now owns 1,611,106 shares of the energy company’s stock worth $8,136,000 after buying an additional 607,588 shares in the last quarter. Finally, State Street Corp lifted its stake in shares of TerraForm Global by 4.1% in the second quarter. State Street Corp now owns 1,581,761 shares of the energy company’s stock worth $7,988,000 after buying an additional 61,755 shares in the last quarter. Institutional investors and hedge funds own 49.21% of the company’s stock.

TerraForm Global, Inc. (GLBL) opened at $4.75 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.74 and a quick ratio of 1.81. TerraForm Global, Inc. has a twelve month low of $3.40 and a twelve month high of $5.10.

TerraForm Global (NASDAQ:GLBL) last posted its quarterly earnings results on Wednesday, August 9th. The energy company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.01). TerraForm Global had a negative return on equity of 7.23% and a negative net margin of 29.80%. The firm had revenue of $62.50 million for the quarter, compared to analyst estimates of $66.33 million. During the same quarter last year, the firm earned $0.01 EPS. equities research analysts forecast that TerraForm Global, Inc. will post -0.62 earnings per share for the current fiscal year.

GLBL has been the topic of a number of analyst reports. Zacks Investment Research raised shares of TerraForm Global from a “hold” rating to a “buy” rating and set a $5.25 target price on the stock in a research note on Friday, September 29th. BidaskClub raised shares of TerraForm Global from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Finally, ValuEngine downgraded shares of TerraForm Global from a “hold” rating to a “sell” rating in a research note on Tuesday, September 12th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. TerraForm Global presently has a consensus rating of “Hold” and a consensus price target of $5.13.

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

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