TerraForm Global, Inc. (NASDAQ:GLBL) has been given a consensus rating of “Hold” by the five brokerages that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company.

GLBL has been the topic of several recent research reports. Zacks Investment Research raised shares of TerraForm Global from a “hold” rating to a “buy” rating and set a $5.75 price objective on the stock in a research note on Monday. BidaskClub cut shares of TerraForm Global from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. Finally, ValuEngine cut shares of TerraForm Global from a “hold” rating to a “sell” rating in a research note on Tuesday.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. The Manufacturers Life Insurance Company grew its stake in shares of TerraForm Global by 0.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 76,166 shares of the energy company’s stock worth $384,000 after purchasing an additional 219 shares during the period. Schwab Charles Investment Management Inc. grew its stake in shares of TerraForm Global by 0.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 230,197 shares of the energy company’s stock worth $1,163,000 after purchasing an additional 969 shares during the period. Wells Fargo & Company MN grew its stake in shares of TerraForm Global by 1.6% during the 2nd quarter. Wells Fargo & Company MN now owns 67,542 shares of the energy company’s stock worth $341,000 after purchasing an additional 1,041 shares during the period. Global X Management Co. LLC grew its stake in shares of TerraForm Global by 4.2% during the 1st quarter. Global X Management Co. LLC now owns 43,646 shares of the energy company’s stock worth $210,000 after purchasing an additional 1,761 shares during the period. Finally, Spark Investment Management LLC grew its stake in shares of TerraForm Global by 0.8% during the 1st quarter. Spark Investment Management LLC now owns 310,500 shares of the energy company’s stock worth $1,490,000 after purchasing an additional 2,500 shares during the period. 76.82% of the stock is currently owned by institutional investors.

TerraForm Global (GLBL) remained flat at $4.90 during mid-day trading on Tuesday. 376,819 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $4.91 and a 200 day moving average of $4.58. TerraForm Global has a 12 month low of $3.38 and a 12 month high of $5.10. The firm’s market capitalization is $553.55 million.

TerraForm Global (NASDAQ:GLBL) last announced its quarterly earnings data on Wednesday, August 9th. The energy company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.01). The firm had revenue of $62.50 million during the quarter, compared to analyst estimates of $66.33 million. TerraForm Global had a negative net margin of 26.87% and a negative return on equity of 6.15%. During the same period in the prior year, the firm posted $0.01 earnings per share. On average, analysts predict that TerraForm Global will post ($0.16) earnings per share for the current fiscal year.

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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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