TerraForm Global (NASDAQ:GLBL) was downgraded by stock analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued on Tuesday.

Other analysts also recently issued reports about the stock. ValuEngine downgraded shares of TerraForm Global from a “hold” rating to a “sell” rating in a research report on Tuesday, September 12th. Zacks Investment Research downgraded shares of TerraForm Global from a “buy” rating to a “hold” rating in a research report on Thursday, September 14th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $5.25.

Shares of TerraForm Global (GLBL) opened at $4.65 on Tuesday. TerraForm Global has a 1 year low of $3.40 and a 1 year high of $5.10. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.71.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. The Manufacturers Life Insurance Company lifted its stake in TerraForm Global by 0.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 76,166 shares of the energy company’s stock valued at $384,000 after acquiring an additional 219 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in TerraForm Global by 0.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 230,197 shares of the energy company’s stock valued at $1,163,000 after acquiring an additional 969 shares during the period. Wells Fargo & Company MN lifted its stake in shares of TerraForm Global by 1.6% in the 2nd quarter. Wells Fargo & Company MN now owns 67,542 shares of the energy company’s stock worth $341,000 after purchasing an additional 1,041 shares during the period. Voya Investment Management LLC lifted its stake in shares of TerraForm Global by 13.5% in the 2nd quarter. Voya Investment Management LLC now owns 47,874 shares of the energy company’s stock worth $242,000 after purchasing an additional 5,705 shares during the period. Finally, Northern Trust Corp lifted its stake in shares of TerraForm Global by 0.9% in the 2nd quarter. Northern Trust Corp now owns 887,360 shares of the energy company’s stock worth $4,482,000 after purchasing an additional 8,279 shares during the period. Institutional investors and hedge funds own 49.44% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “TerraForm Global (GLBL) Rating Lowered to Strong Sell at BidaskClub” was originally reported by Daily Political and is the property of of Daily Political. If you are reading this article on another website, it was copied illegally and republished in violation of U.S. and international copyright legislation. The original version of this article can be accessed at https://www.dailypolitical.com/2017/12/04/terraform-global-glbl-rating-lowered-to-strong-sell-at-bidaskclub.html.

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.

Receive News & Ratings for TerraForm Global Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TerraForm Global Inc and related companies with MarketBeat.com's FREE daily email newsletter.