TerraForm Global, Inc. (NASDAQ:GLBL) has earned an average recommendation of “Hold” from the five research firms that are presently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $9.00.

GLBL has been the subject of several recent analyst reports. Zacks Investment Research raised shares of TerraForm Global from a “sell” rating to a “hold” rating in a report on Thursday, April 6th. BidaskClub raised shares of TerraForm Global from a “hold” rating to a “buy” rating in a report on Saturday.

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Hedge funds and other institutional investors have recently modified their holdings of the company. OMERS ADMINISTRATION Corp purchased a new position in shares of TerraForm Global during the first quarter valued at $5,942,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of TerraForm Global during the first quarter valued at $5,867,000. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in shares of TerraForm Global during the first quarter valued at $5,671,000. Stonehill Capital Management LLC purchased a new position in shares of TerraForm Global during the first quarter valued at $5,040,000. Finally, Banco BTG Pactual S.A. purchased a new position in shares of TerraForm Global during the first quarter valued at $4,817,000. 57.59% of the stock is owned by institutional investors.

Shares of TerraForm Global (NASDAQ GLBL) traded down 0.495% during mid-day trading on Monday, hitting $5.025. The company had a trading volume of 106,433 shares. TerraForm Global has a 52 week low of $3.17 and a 52 week high of $5.10. The firm’s market capitalization is $567.58 million. The firm has a 50-day moving average price of $4.90 and a 200-day moving average price of $4.59.

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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