TerraForm Global, Inc. (GLBL) Given Neutral Rating at J P Morgan Chase & Co
TerraForm Global, Inc. (NASDAQ:GLBL)‘s stock had its “neutral” rating reaffirmed by equities researchers at J P Morgan Chase & Co in a research note issued to investors on Friday.
Shares of TerraForm Global (NASDAQ:GLBL) traded down 1.19% during mid-day trading on Friday, hitting $4.15. The stock had a trading volume of 425,955 shares. The company’s market cap is $469.80 million. TerraForm Global has a 52-week low of $1.92 and a 52-week high of $4.90. The stock has a 50 day moving average price of $3.86 and a 200-day moving average price of $3.68.
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GLBL. Think Investments LP bought a new position in TerraForm Global during the second quarter valued at approximately $25,698,000. Ardsley Advisory Partners bought a new position in TerraForm Global during the third quarter valued at approximately $12,710,000. Quentec Asset Management LLC raised its position in TerraForm Global by 45.6% in the second quarter. Quentec Asset Management LLC now owns 5,558,918 shares of the company’s stock valued at $18,122,000 after buying an additional 1,741,695 shares during the period. P Schoenfeld Asset Management LP bought a new position in TerraForm Global during the third quarter valued at approximately $6,165,000. Finally, BlackRock Fund Advisors raised its position in TerraForm Global by 119.3% in the second quarter. BlackRock Fund Advisors now owns 2,475,295 shares of the company’s stock valued at $8,069,000 after buying an additional 1,346,823 shares during the period. 52.59% of the stock is currently owned by institutional investors.
TerraForm Global Company Profile
TerraForm Global, Inc is a renewable energy company. The Company owns and operates clean energy power plants. The Company’s segments include Solar, Wind and Corporate. The Company serves a range of utility, commercial, industrial, residential and government customers through energy production with over 40 projects across approximately 70 sites in various markets.
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