Shares of TerraForm Global, Inc. (NASDAQ:GLBL) have been given an average rating of “Hold” by the five ratings firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have issued a buy recommendation on the company.

GLBL has been the topic of several recent research reports. Zacks Investment Research upgraded shares of TerraForm Global from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th. BidaskClub upgraded shares of TerraForm Global from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th. Finally, ValuEngine downgraded shares of TerraForm Global from a “hold” rating to a “sell” rating in a research report on Tuesday, September 12th.

Large investors have recently bought and sold shares of the stock. State Board of Administration of Florida Retirement System boosted its position in TerraForm Global by 87.0% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 27,240 shares of the energy company’s stock worth $129,000 after buying an additional 12,670 shares during the period. BlueCrest Capital Management Ltd acquired a new stake in TerraForm Global during the 2nd quarter worth approximately $151,000. UBS Asset Management Americas Inc. boosted its position in TerraForm Global by 101.9% during the 1st quarter. UBS Asset Management Americas Inc. now owns 41,600 shares of the energy company’s stock worth $200,000 after buying an additional 21,000 shares during the period. Voya Investment Management LLC boosted its position in TerraForm Global by 13.5% during the 2nd quarter. Voya Investment Management LLC now owns 47,874 shares of the energy company’s stock worth $242,000 after buying an additional 5,705 shares during the period. Finally, Paloma Partners Management Co boosted its position in TerraForm Global by 6.9% during the 1st quarter. Paloma Partners Management Co now owns 49,600 shares of the energy company’s stock worth $238,000 after buying an additional 3,185 shares during the period. Institutional investors and hedge funds own 49.21% of the company’s stock.

TerraForm Global (NASDAQ:GLBL) last posted its quarterly earnings results on Wednesday, August 9th. The energy company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.01). TerraForm Global had a negative net margin of 26.87% and a negative return on equity of 6.15%. The company had revenue of $62.50 million during the quarter, compared to analyst estimates of $66.33 million. During the same quarter in the previous year, the business posted $0.01 earnings per share.

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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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