TIAA CREF Investment Management LLC reduced its stake in shares of TerraForm Global, Inc. (NASDAQ:GLBL) by 0.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 244,391 shares of the energy company’s stock after selling 211 shares during the quarter. TIAA CREF Investment Management LLC owned 0.22% of TerraForm Global worth $1,234,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in GLBL. Bank of New York Mellon Corp raised its holdings in shares of TerraForm Global by 20.0% during 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 buying an additional 75,076 shares during the period. UBS Asset Management Americas Inc. raised its holdings in shares of TerraForm Global by 101.9% during the 1st quarter. UBS Asset Management Americas Inc. now owns 41,600 shares of the energy company’s stock valued at $200,000 after buying an additional 21,000 shares during the period. American International Group Inc. raised its holdings in shares of TerraForm Global by 7.1% during the 1st quarter. American International Group Inc. now owns 56,267 shares of the energy company’s stock valued at $270,000 after buying an additional 3,715 shares during the period. Vanguard Group Inc. raised its holdings in shares of TerraForm Global by 30.1% during the 1st quarter. Vanguard Group Inc. now owns 1,465,967 shares of the energy company’s stock valued at $7,037,000 after buying an additional 338,994 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of TerraForm Global by 5.6% during the 1st quarter. Geode Capital Management LLC now owns 514,641 shares of the energy company’s stock valued at $2,470,000 after buying an additional 27,478 shares during the period. Institutional investors and hedge funds own 49.21% of the company’s stock.

GLBL has been the topic of several analyst reports. BidaskClub downgraded TerraForm Global from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. Zacks Investment Research upgraded TerraForm Global from a “hold” rating to a “buy” rating and set a $5.75 target price on the stock in a report on Monday, September 11th. Finally, ValuEngine downgraded TerraForm Global from a “hold” rating to a “sell” rating in a report on Tuesday, September 12th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $5.13.

Shares of TerraForm Global, Inc. (NASDAQ:GLBL) opened at $4.90 on Wednesday. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.69. TerraForm Global, Inc. has a twelve month low of $3.40 and a twelve month high of $5.10.

TerraForm Global (NASDAQ:GLBL) last posted its quarterly earnings data on Wednesday, August 9th. The energy company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.01). TerraForm Global had a negative return on equity of 6.15% and a negative net margin of 26.87%. The business had revenue of $62.50 million for the quarter, compared to analysts’ expectations of $66.33 million. During the same quarter in the prior year, the firm earned $0.01 earnings per share. sell-side analysts predict that TerraForm Global, Inc. will post -0.62 earnings per share for the current year.

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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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Institutional Ownership by Quarter for TerraForm Global (NASDAQ:GLBL)

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