TerraForm Global Inc. (NASDAQ:GLBL) shares dropped 0.9% on Thursday . The company traded as low as $3.28 and last traded at $3.34, with a volume of 186,638 shares trading hands. The stock had previously closed at $3.37.

GLBL has been the subject of a number of analyst reports. Goldman Sachs Group Inc. reaffirmed a “sell” rating on shares of TerraForm Global in a research report on Thursday, March 31st. Zacks Investment Research raised shares of TerraForm Global from a “sell” rating to a “hold” rating in a research report on Wednesday, April 27th. Avondale Partners raised shares of TerraForm Global to a “buy” rating in a research report on Wednesday, June 29th. Finally, Deutsche Bank AG decreased their price objective on shares of TerraForm Global from $4.00 to $2.00 and set a “hold” rating for the company in a research report on Tuesday, March 29th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $7.98.

The company’s market capitalization is $392.15 million. The stock has a 50 day moving average price of $2.94 and a 200-day moving average price of $3.18.

A hedge fund recently bought a new stake in TerraForm Global stock. Ecofin Ltd. bought a new stake in TerraForm Global Inc. (NASDAQ:GLBL) during the fourth quarter, according to its most recent filing with the SEC. The institutional investor bought 253,760 shares of the company’s stock, valued at approximately $1,419,000. Ecofin Ltd. owned 0.22% of TerraForm Global at the end of the most recent quarter.

TerraForm Global, Inc is a holding company. The Company owns interest in TerraForm Global, LLC, a diversified renewable energy company that owns long-term contracted wind, solar and hydro-electric power plants. The Company’s portfolio of projects include Hercules (China), NSM 24 (India), NSM Suryalabh (India), NSM Sitara (India), NSM L’Volta (India), Brakes (India), Raj 5 (India), Focal (India), Bhakrani (India), Gadag (India), Hanumanhatti (India), Boshoff (South Africa), Klipheuwel (South Africa), Koonkoonsies (South Africa), Witkop (South Africa), Soutpan (South Africa), Silverstar Pavilion (Malaysia), Fortune 11 (Malaysia), PP Solar (Thailand), ESPRA (Brazil), El Naranjal (Uruguay), Del Litoral (Uruguay), Alto Cielo (Uruguay) and LAP Portfolio (Peru).

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