TerraForm Global, Inc. (GLBL) Sees Large Volume Increase
TerraForm Global, Inc. (NASDAQ:GLBL) shares saw an uptick in trading volume on Tuesday . 2,816,618 shares traded hands during mid-day trading, an increase of 423% from the previous session’s volume of 538,952 shares.The stock last traded at $4.93 and had previously closed at $4.80.
A number of brokerages have recently weighed in on GLBL. Zacks Investment Research lowered TerraForm Global from a “buy” rating to a “hold” rating in a research note on Monday, October 9th. ValuEngine lowered TerraForm Global from a “hold” rating to a “sell” rating in a research note on Tuesday, September 12th. Finally, BidaskClub upgraded TerraForm Global from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $5.13.
The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.69.
TerraForm Global (NASDAQ:GLBL) last announced its quarterly earnings data on Wednesday, August 9th. The energy company reported ($0.09) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.08) by ($0.01). The firm had revenue of $62.50 million during the quarter, compared to analyst estimates of $66.33 million. TerraForm Global had a negative return on equity of 6.15% and a negative net margin of 26.87%. During the same quarter in the previous year, the business earned $0.01 earnings per share. research analysts predict that TerraForm Global, Inc. will post -0.62 EPS for the current fiscal year.
Hedge funds have recently made changes to their positions in the stock. Brookfield Asset Management Inc. acquired a new stake in TerraForm Global in the second quarter worth about $98,657,000. Dumac Inc. acquired a new stake in TerraForm Global in the second quarter worth about $1,515,000. Gamco Investors INC. ET AL increased its position in TerraForm Global by 37.5% in the second quarter. Gamco Investors INC. ET AL now owns 143,913 shares of the energy company’s stock worth $727,000 after purchasing an additional 39,263 shares during the period. Morgan Stanley increased its position in TerraForm Global by 82.7% in the first quarter. Morgan Stanley now owns 609,601 shares of the energy company’s stock worth $2,926,000 after purchasing an additional 275,996 shares during the period. Finally, Tudor Investment Corp ET AL increased its position in TerraForm Global by 48.6% in the first quarter. Tudor Investment Corp ET AL now owns 61,427 shares of the energy company’s stock worth $295,000 after purchasing an additional 20,078 shares during the period. Hedge funds and other institutional investors own 49.21% of the company’s stock.
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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