The TerraForm Global, Inc. (NASDAQ:GLBL) Lifted to “Buy” at BidaskClub

The TerraForm Global, Inc. (NASDAQ:GLBL) Lifted to “Buy” at BidaskClub

Separately, Zacks Investment Research upgraded TerraForm Global from a sell rating to a hold rating in a report on Thursday, April 6th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. TerraForm Global has a consensus rating of Hold and an average price target of $7.00.

BidaskClub upgraded shares of TerraForm Global, Inc. (NASDAQ:GLBL) from a hold rating to a buy rating in a research note released on Saturday, July 8th.

TerraForm Global (NASDAQ:GLBL) remained flat at $5.05 on Friday. 308,379 shares of the stock traded hands. The firm’s market capitalization is $570.41 million. The firm has a 50 day moving average price of $5.02 and a 200 day moving average price of $4.77. TerraForm Global has a 12 month low of $3.25 and a 12 month high of $5.10.

Institutional investors have recently made changes to their positions in the stock. State Street Corp raised its position in shares of TerraForm Global by 7.2% in the fourth quarter. State Street Corp now owns 1,453,286 shares of the energy company’s stock valued at $5,741,000 after buying an additional 97,204 shares during the period. AQR Capital Management LLC bought a new stake in TerraForm Global during the fourth quarter worth about $124,000. Numeric Investors LLC raised its stake in TerraForm Global by 686.0% in the fourth quarter. Numeric Investors LLC now owns 106,900 shares of the energy company’s stock worth $422,000 after buying an additional 93,300 shares in the last quarter. Norges Bank bought a new stake in TerraForm Global during the fourth quarter worth about $1,077,000. Finally, Teachers Advisors LLC raised its stake in TerraForm Global by 8.3% in the fourth quarter. Teachers Advisors LLC now owns 156,890 shares of the energy company’s stock worth $620,000 after buying an additional 12,000 shares in the last quarter. 58.47% of the stock is currently owned by institutional investors and hedge funds.

TerraForm Global Company Profile

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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