Quentec Asset Management LLC lowered its position in shares of TerraForm Global, Inc. (NASDAQ:GLBL) by 25.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,434,079 shares of the energy company’s stock after selling 1,525,000 shares during the period. TerraForm Global comprises about 1.7% of Quentec Asset Management LLC’s portfolio, making the stock its 13th biggest position. Quentec Asset Management LLC owned about 3.93% of TerraForm Global worth $22,392,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Nisa Investment Advisors LLC bought a new stake in shares of TerraForm Global in the 1st quarter valued at about $128,000. Two Sigma Securities LLC grew its position in shares of TerraForm Global by 122.7% in the 1st quarter. Two Sigma Securities LLC now owns 38,656 shares of the energy company’s stock valued at $186,000 after buying an additional 21,295 shares during the last quarter. UBS Asset Management Americas Inc. grew its position 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 buying an additional 21,000 shares during the last quarter. Global X Management Co. LLC grew its position in shares of TerraForm Global by 4.2% in the 1st quarter. Global X Management Co. LLC now owns 43,646 shares of the energy company’s stock valued at $210,000 after buying an additional 1,761 shares during the last quarter. Finally, Bank of Montreal Can grew its position in shares of TerraForm Global by 130.9% in the 1st quarter. Bank of Montreal Can now owns 44,496 shares of the energy company’s stock valued at $214,000 after buying an additional 25,228 shares during the last quarter. Institutional investors and hedge funds own 49.78% of the company’s stock.

TerraForm Global, Inc. (NASDAQ GLBL) traded up 1.06% during midday trading on Tuesday, hitting $4.75. The company’s stock had a trading volume of 98,576 shares. The company’s market cap is $536.61 million. The stock has a 50 day moving average of $4.85 and a 200 day moving average of $4.85. TerraForm Global, Inc. has a 52-week low of $3.40 and a 52-week 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 for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by ($0.01). The firm had revenue of $62.50 million for the quarter, compared to the consensus estimate 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 period in the previous year, the firm posted $0.01 earnings per share. On average, equities analysts expect that TerraForm Global, Inc. will post ($0.16) EPS for the current year.

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A number of equities research analysts have commented on the company. BidaskClub lowered TerraForm Global from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Zacks Investment Research lowered TerraForm Global from a “buy” rating to a “hold” rating in a research report on Thursday, September 14th. Finally, ValuEngine lowered TerraForm Global from a “hold” rating to a “sell” rating in a research report on Tuesday, September 12th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $5.38.

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

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