GABELLI & Co INVESTMENT ADVISERS INC. increased its stake in TerraForm Global, Inc. (NASDAQ:GLBL) by 9.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,350,819 shares of the energy company’s stock after purchasing an additional 197,200 shares during the period. TerraForm Global makes up 1.3% of GABELLI & Co INVESTMENT ADVISERS INC.’s holdings, making the stock its 20th biggest holding. GABELLI & Co INVESTMENT ADVISERS INC. owned 2.08% of TerraForm Global worth $11,166,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. The Manufacturers Life Insurance Company increased its position in shares of TerraForm Global by 0.3% in the second quarter. The Manufacturers Life Insurance Company now owns 76,166 shares of the energy company’s stock worth $384,000 after purchasing an additional 219 shares during the period. Schwab Charles Investment Management Inc. increased its position in shares of TerraForm Global by 0.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 230,197 shares of the energy company’s stock worth $1,163,000 after purchasing an additional 969 shares during the period. Wells Fargo & Company MN increased its position in shares of TerraForm Global by 1.6% in the second quarter. Wells Fargo & Company MN now owns 67,542 shares of the energy company’s stock worth $341,000 after purchasing an additional 1,041 shares during the period. Paloma Partners Management Co increased its position in shares of TerraForm Global by 6.9% in the first quarter. Paloma Partners Management Co now owns 49,600 shares of the energy company’s stock worth $238,000 after purchasing an additional 3,185 shares during the period. Finally, American International Group Inc. boosted its stake in TerraForm Global by 7.1% in the first 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 in the last quarter. Institutional investors own 49.21% of the company’s stock.

TerraForm Global, Inc. (NASDAQ:GLBL) traded up $0.12 during trading hours on Monday, reaching $4.93. The company had a trading volume of 1,315,181 shares, compared to its average volume of 354,727. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.81 and a quick ratio of 1.81.

TerraForm Global (NASDAQ:GLBL) last released its quarterly earnings data on Wednesday, August 9th. The energy company reported ($0.09) earnings per share for the quarter, missing the 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 period last year, the business earned $0.01 earnings per share. equities analysts predict that TerraForm Global, Inc. will post -0.62 EPS for the current fiscal year.

Several research firms recently weighed in on GLBL. Zacks Investment Research raised TerraForm Global from a “hold” rating to a “buy” rating and set a $5.25 price objective on the stock in a research note on Friday, September 29th. BidaskClub lowered TerraForm Global from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. Finally, ValuEngine lowered TerraForm Global from a “hold” rating to a “sell” rating in a research note on Tuesday, September 12th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $5.13.

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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.

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

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