BidaskClub upgraded shares of TerraForm Global (NASDAQ:GLBL) from a strong sell rating to a sell rating in a research report sent to investors on Tuesday, December 12th.
A number of other research analysts have also weighed in on the stock. Zacks Investment Research raised shares of TerraForm Global from a hold rating to a buy rating and set a $5.25 price target on the stock in a research note on Tuesday, November 14th. ValuEngine lowered shares of TerraForm Global from a hold rating to a sell rating in a research note on Tuesday, September 12th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. TerraForm Global currently has a consensus rating of Hold and a consensus target price of $5.25.
TerraForm Global (GLBL) opened at $5.08 on Tuesday. The firm has a market cap of $880.22, a PE ratio of -7.93 and a beta of 0.60. TerraForm Global has a 12 month low of $3.90 and a 12 month high of $5.10. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.71.
Institutional investors have recently modified their holdings of the stock. State Board of Administration of Florida Retirement System lifted its stake in TerraForm Global by 87.0% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 27,240 shares of the energy company’s stock valued at $129,000 after buying an additional 12,670 shares in the last quarter. BlueCrest Capital Management Ltd acquired a new stake in TerraForm Global in the 2nd quarter valued at about $151,000. Voya Investment Management LLC raised its holdings in TerraForm Global by 13.5% in the 2nd quarter. Voya Investment Management LLC now owns 47,874 shares of the energy company’s stock valued at $242,000 after acquiring an additional 5,705 shares during the last quarter. Alpine Global Management LLC acquired a new stake in TerraForm Global in the 2nd quarter valued at about $253,000. Finally, Dimensional Fund Advisors LP acquired a new stake in TerraForm Global in the 2nd quarter valued at about $261,000. 49.34% of the stock is currently owned by hedge funds and other institutional investors.
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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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