Nationwide Fund Advisors lessened its holdings in TerraForm Global, Inc. (NASDAQ:GLBL) by 80.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 53,772 shares of the energy company’s stock after selling 218,700 shares during the period. Nationwide Fund Advisors’ holdings in TerraForm Global were worth $272,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. UBS Asset Management Americas Inc. boosted its position in TerraForm Global by 101.9% in the 1st quarter. UBS Asset Management Americas Inc. now owns 41,600 shares of the energy company’s stock valued at $200,000 after buying an additional 21,000 shares during the period. Paloma Partners Management Co boosted its position in TerraForm Global by 6.9% in the 1st quarter. Paloma Partners Management Co now owns 49,600 shares of the energy company’s stock valued at $238,000 after buying an additional 3,185 shares during the period. FNY Partners Fund LP boosted its position in TerraForm Global by 10,900.0% in the 2nd quarter. FNY Partners Fund LP now owns 55,000 shares of the energy company’s stock valued at $277,000 after buying an additional 54,500 shares during the period. American International Group Inc. boosted its position in TerraForm Global by 7.1% in the 1st quarter. American International Group Inc. now owns 56,267 shares of the energy company’s stock valued at $270,000 after buying an additional 3,715 shares during the period. Finally, Tudor Investment Corp ET AL boosted its position in TerraForm Global by 48.6% in the 1st quarter. Tudor Investment Corp ET AL now owns 61,427 shares of the energy company’s stock valued at $295,000 after buying an additional 20,078 shares during the period. 49.21% of the stock is owned by institutional investors.

A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of TerraForm Global from a “hold” rating to a “buy” rating and set a $5.25 price objective on the stock in a report on Friday, September 29th. BidaskClub lowered shares of TerraForm Global from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. Finally, ValuEngine lowered shares of TerraForm Global from a “hold” rating to a “sell” rating in a report on Tuesday, September 12th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $5.13.

Shares of TerraForm Global, Inc. (GLBL) opened at $4.75 on Friday. TerraForm Global, Inc. has a fifty-two week low of $3.40 and a fifty-two week high of $5.10. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.81 and a current ratio of 1.74.

TerraForm Global (NASDAQ:GLBL) last announced its quarterly earnings data on Wednesday, August 9th. The energy company reported ($0.09) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.08) by ($0.01). TerraForm Global had a negative net margin of 29.80% and a negative return on equity of 7.23%. The firm 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. equities analysts forecast that TerraForm Global, Inc. will post -0.62 EPS for the current year.

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TerraForm Global 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.

Institutional Ownership by Quarter for TerraForm Global (NASDAQ:GLBL)

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