Geode Capital Management LLC Has $2.47 Million Position in TerraForm Global, Inc. (GLBL)
Geode Capital Management LLC raised its position in shares of TerraForm Global, Inc. (NASDAQ:GLBL) by 5.6% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 514,641 shares of the energy company’s stock after buying an additional 27,478 shares during the period. Geode Capital Management LLC owned 0.45% of TerraForm Global worth $2,470,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of the stock. AQR Capital Management LLC acquired a new stake in TerraForm Global during the fourth quarter worth approximately $124,000. Norges Bank acquired a new stake in TerraForm Global during the fourth quarter worth approximately $1,077,000. Teachers Advisors LLC boosted its stake in TerraForm Global by 8.3% in the fourth quarter. Teachers Advisors LLC now owns 156,890 shares of the energy company’s stock worth $620,000 after buying an additional 12,000 shares during the period. Bank of Montreal Can boosted its stake in TerraForm Global by 130.9% in the first quarter. Bank of Montreal Can now owns 44,496 shares of the energy company’s stock worth $214,000 after buying an additional 25,228 shares during the period. Finally, Nisa Investment Advisors LLC acquired a new stake in TerraForm Global during the first quarter worth approximately $128,000. Hedge funds and other institutional investors own 60.01% of the company’s stock.
TerraForm Global, Inc. (GLBL) remained flat at $5.05 on Friday. The company had a trading volume of 243,307 shares. The firm’s market cap is $570.50 million. The firm’s 50-day moving average price is $5.03 and its 200 day moving average price is $4.84. TerraForm Global, Inc. has a one year low of $3.25 and a one year high of $5.10.
TerraForm Global (NASDAQ:GLBL) last posted its earnings results on Wednesday, August 9th. The energy company reported ($0.09) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.08) by $0.01. The business had revenue of $62.50 million during the quarter, compared to analyst estimates of $66.33 million. TerraForm Global had a negative net margin of 26.87% and a negative return on equity of 6.15%. During the same quarter last year, the firm earned $0.01 earnings per share. Equities research analysts anticipate that TerraForm Global, Inc. will post ($0.16) earnings per share for the current fiscal year.
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A number of equities research analysts have recently commented on GLBL shares. Zacks Investment Research upgraded TerraForm Global from a “sell” rating to a “hold” rating in a research report on Monday, May 1st. BidaskClub upgraded TerraForm Global from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $7.00.
TerraForm Global Company 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.
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