776,809 Shares in TerraForm Global, Inc. (NASDAQ:GLBL) Acquired by Renaissance Technologies LLC
Renaissance Technologies LLC bought a new position in TerraForm Global, Inc. (NASDAQ:GLBL) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 776,809 shares of the energy company’s stock, valued at approximately $3,729,000. Renaissance Technologies LLC owned approximately 0.69% of TerraForm Global as of its most recent filing with the SEC.
A number of other hedge funds also recently bought and sold shares of GLBL. AQR Capital Management LLC bought a new stake in TerraForm Global during the fourth quarter worth $124,000. Nisa Investment Advisors LLC bought a new stake in TerraForm Global during the first quarter worth $128,000. TFS Capital LLC bought a new stake in TerraForm Global during the first quarter worth $179,000. UBS Asset Management Americas Inc. raised its stake in TerraForm Global by 101.9% in 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 in the last quarter. Finally, Global X Management Co. LLC raised its stake in TerraForm Global by 4.2% in the first quarter. Global X Management Co. LLC now owns 43,646 shares of the energy company’s stock worth $210,000 after buying an additional 1,761 shares in the last quarter. Institutional investors own 58.43% of the company’s stock.
Shares of TerraForm Global, Inc. (GLBL) traded down 0.495% during trading on Wednesday, hitting $5.025. The stock had a trading volume of 64,396 shares. The stock’s 50 day moving average price is $5.02 and its 200-day moving average price is $4.77. TerraForm Global, Inc. has a one year low of $3.25 and a one year high of $5.10. The stock’s market cap is $567.58 million.
A number of analysts have weighed in on GLBL shares. BidaskClub upgraded TerraForm Global from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. Zacks Investment Research upgraded TerraForm Global from a “sell” rating to a “hold” rating in a report on Monday, May 1st. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $7.00.
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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