TerraForm Global (NASDAQ:GLBL) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued to investors on Tuesday.

GLBL has been the subject of a number of other reports. Zacks Investment Research raised TerraForm Global from a “hold” rating to a “buy” rating and set a $5.25 target price for the company in a research report on Tuesday, November 14th. ValuEngine lowered TerraForm Global from a “hold” rating to a “sell” rating in a research report on Tuesday, September 12th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $5.25.

Shares of TerraForm Global (NASDAQ:GLBL) opened at $4.95 on Tuesday. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.71. TerraForm Global has a 1 year low of $3.40 and a 1 year high of $5.10.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Brookfield Asset Management Inc. bought a new position in shares of TerraForm Global in the 2nd quarter worth $98,657,000. Alpine Associates Management Inc. bought a new position in shares of TerraForm Global in the 2nd quarter worth $23,915,000. Bamco Inc. NY raised its position in shares of TerraForm Global by 8.4% in the 3rd quarter. Bamco Inc. NY now owns 2,444,797 shares of the energy company’s stock worth $11,613,000 after acquiring an additional 189,466 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. raised its position in shares of TerraForm Global by 9.2% in the 3rd quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 2,350,819 shares of the energy company’s stock worth $11,166,000 after acquiring an additional 197,200 shares in the last quarter. Finally, Banco BTG Pactual S.A. raised its position in shares of TerraForm Global by 60.5% in the 2nd quarter. Banco BTG Pactual S.A. now owns 1,611,106 shares of the energy company’s stock worth $8,136,000 after acquiring an additional 607,588 shares in the last quarter. 49.44% of the stock is owned by hedge funds and other institutional investors.

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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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