TerraForm Global, Inc. (GLBL) Rating Lowered to Hold at Zacks Investment Research

TerraForm Global, Inc. (NASDAQ:GLBL) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Monday.

According to Zacks, “TerraForm Global, Inc. is a diversified renewable energy company. It owns and operates clean energy projects consists of solar, wind and hydro-electric generation assets. The Company’s project resides primarily in China, Brazil, India, South Africa, Honduras, Costa Rica, Nicaragua, Peru, Uruguay, Malaysia and Thailand. TerraForm Global, Inc. is headquartered in Bethesda, Maryland. “

GLBL has been the subject of a number of other research reports. BidaskClub lowered shares of TerraForm Global from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. ValuEngine lowered shares of TerraForm Global from a “hold” rating to a “sell” rating in a report on Tuesday, September 12th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $5.13.

TerraForm Global (NASDAQ:GLBL) opened at 4.90 on Monday. The company’s market capitalization is $553.55 million. TerraForm Global has a 1-year low of $3.40 and a 1-year high of $5.10. The company has a 50-day moving average of $4.83 and a 200-day moving average of $4.83.

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 analysts’ consensus estimates of ($0.08) by ($0.01). TerraForm Global had a negative net margin of 26.87% and a negative return on equity of 6.15%. The company had revenue of $62.50 million for the quarter, compared to the consensus estimate of $66.33 million. During the same quarter in the previous year, the business earned $0.01 EPS. Equities analysts expect that TerraForm Global will post ($0.16) EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “TerraForm Global, Inc. (GLBL) Rating Lowered to Hold at Zacks Investment Research” was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this report on another domain, it was stolen and republished in violation of U.S. and international copyright & trademark law. The original version of this report can be accessed at https://ledgergazette.com/2017/10/11/terraform-global-inc-glbl-rating-lowered-to-hold-at-zacks-investment-research.html.

Several large investors have recently bought and sold shares of GLBL. Teachers Advisors LLC raised its holdings in shares of TerraForm Global by 8.3% in the 4th quarter. Teachers Advisors LLC now owns 156,890 shares of the energy company’s stock valued at $620,000 after purchasing an additional 12,000 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of TerraForm Global by 20.0% in the 1st quarter. Bank of New York Mellon Corp now owns 451,281 shares of the energy company’s stock valued at $2,166,000 after purchasing an additional 75,076 shares in the last quarter. UBS Asset Management Americas Inc. raised its holdings in shares of 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 purchasing an additional 21,000 shares in the last quarter. Karp Capital Management Corp bought a new stake in shares of TerraForm Global in the 1st quarter valued at about $241,000. Finally, American International Group Inc. raised its holdings in shares of 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 purchasing an additional 3,715 shares in the last quarter. Institutional investors and hedge funds own 49.78% of the company’s stock.

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

According to Zacks, “TerraForm Global, Inc. is a diversified renewable energy company. It owns and operates clean energy projects consists of solar, wind and hydro-electric generation assets. The Company’s project resides primarily in China, Brazil, India, South Africa, Honduras, Costa Rica, Nicaragua, Peru, Uruguay, Malaysia and Thailand. TerraForm Global, Inc. is headquartered in Bethesda, Maryland. “

GLBL has been the subject of a number of other research reports. BidaskClub lowered shares of TerraForm Global from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. ValuEngine lowered shares of TerraForm Global from a “hold” rating to a “sell” rating in a report on Tuesday, September 12th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $5.13.

TerraForm Global (NASDAQ:GLBL) opened at 4.90 on Monday. The company’s market capitalization is $553.55 million. TerraForm Global has a 1-year low of $3.40 and a 1-year high of $5.10. The company has a 50-day moving average of $4.83 and a 200-day moving average of $4.83.

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 analysts’ consensus estimates of ($0.08) by ($0.01). TerraForm Global had a negative net margin of 26.87% and a negative return on equity of 6.15%. The company had revenue of $62.50 million for the quarter, compared to the consensus estimate of $66.33 million. During the same quarter in the previous year, the business earned $0.01 EPS. Equities analysts expect that TerraForm Global will post ($0.16) EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “TerraForm Global, Inc. (GLBL) Rating Lowered to Hold at Zacks Investment Research” was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this report on another domain, it was stolen and republished in violation of U.S. and international copyright & trademark law. The original version of this report can be accessed at https://ledgergazette.com/2017/10/11/terraform-global-inc-glbl-rating-lowered-to-hold-at-zacks-investment-research.html.

Several large investors have recently bought and sold shares of GLBL. Teachers Advisors LLC raised its holdings in shares of TerraForm Global by 8.3% in the 4th quarter. Teachers Advisors LLC now owns 156,890 shares of the energy company’s stock valued at $620,000 after purchasing an additional 12,000 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of TerraForm Global by 20.0% in the 1st quarter. Bank of New York Mellon Corp now owns 451,281 shares of the energy company’s stock valued at $2,166,000 after purchasing an additional 75,076 shares in the last quarter. UBS Asset Management Americas Inc. raised its holdings in shares of 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 purchasing an additional 21,000 shares in the last quarter. Karp Capital Management Corp bought a new stake in shares of TerraForm Global in the 1st quarter valued at about $241,000. Finally, American International Group Inc. raised its holdings in shares of 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 purchasing an additional 3,715 shares in the last quarter. Institutional investors and hedge funds own 49.78% of the company’s stock.

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.

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