TerraForm Global, Inc. (NASDAQ:GLBL) has received an average recommendation of “Hold” from the five brokerages that are currently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $9.00.
Several equities research analysts have issued reports on the company. BidaskClub upgraded TerraForm Global from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. Zacks Investment Research upgraded TerraForm Global from a “sell” rating to a “hold” rating in a report on Thursday, July 6th.
Large investors have recently made changes to their positions in the company. Karp Capital Management Corp purchased a new position in TerraForm Global during the first quarter valued at $241,000. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in TerraForm Global during the first quarter valued at $5,671,000. Gabelli Funds LLC purchased a new position in TerraForm Global during the first quarter valued at $2,364,000. Gamco Investors INC. ET AL purchased a new position in TerraForm Global during the first quarter valued at $502,000. Finally, UBS Asset Management Americas Inc. boosted 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. Institutional investors own 58.43% of the company’s stock.
Shares of TerraForm Global (GLBL) remained flat at $5.00 during midday trading on Friday. The stock had a trading volume of 268,035 shares. The firm’s 50 day moving average price is $5.02 and its 200-day moving average price is $4.77. The firm’s market cap is $564.76 million. TerraForm Global has a 12-month low of $3.25 and a 12-month high of $5.10.
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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