State Street Corp boosted its holdings in shares of TerraForm Global Inc (NASDAQ:GLBL) by 4.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,581,761 shares of the energy company’s stock after buying an additional 61,755 shares during the quarter. State Street Corp owned approximately 1.40% of TerraForm Global worth $7,988,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in GLBL. UBS Asset Management Americas Inc. increased its position in TerraForm Global by 101.9% during the first 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 last quarter. Vanguard Group Inc. increased its position in TerraForm Global by 30.1% during the first quarter. Vanguard Group Inc. now owns 1,465,967 shares of the energy company’s stock worth $7,037,000 after buying an additional 338,994 shares during the last quarter. Geode Capital Management LLC increased its position in TerraForm Global by 5.6% during the first quarter. Geode Capital Management LLC now owns 514,641 shares of the energy company’s stock worth $2,470,000 after buying an additional 27,478 shares during the last quarter. Morgan Stanley increased its position in TerraForm Global by 82.7% during the first quarter. Morgan Stanley now owns 609,601 shares of the energy company’s stock worth $2,926,000 after buying an additional 275,996 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of TerraForm Global in the first quarter valued at approximately $3,729,000. 49.47% of the stock is currently owned by hedge funds and other institutional investors.

TerraForm Global Inc (NASDAQ:GLBL) opened at $4.75 on Thursday. TerraForm Global Inc has a 12-month low of $3.40 and a 12-month high of $5.10. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.71.

Several equities analysts have recently commented on the company. Zacks Investment Research raised TerraForm Global from a “hold” rating to a “buy” rating and set a $5.75 target price on the stock in a research report on Monday, September 11th. BidaskClub raised TerraForm Global from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Finally, ValuEngine downgraded TerraForm Global from a “hold” rating to a “sell” rating in a research report on Tuesday, September 12th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. TerraForm Global presently has a consensus rating of “Hold” and an average price target of $5.13.

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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.

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

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