Spark Investment Management LLC held its position in shares of TerraForm Global, Inc. (NASDAQ:GLBL) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 310,500 shares of the energy company’s stock at the end of the second quarter. Spark Investment Management LLC owned approximately 0.27% of TerraForm Global worth $1,568,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Karp Capital Management Corp purchased a new position in shares of TerraForm Global during the first quarter valued at $241,000. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in shares of TerraForm Global during the first quarter valued at $5,671,000. Gabelli Funds LLC purchased a new position in shares of TerraForm Global during the first quarter valued at $2,364,000. Gamco Investors INC. ET AL purchased a new position in shares of TerraForm Global during the first quarter valued at $502,000. Finally, UBS Asset Management Americas Inc. increased its position in shares of TerraForm Global by 101.9% in the first 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 in the last quarter. 60.01% of the stock is owned by institutional investors.
Shares of TerraForm Global, Inc. (GLBL) traded up 0.50% on Friday, reaching $5.05. 461,838 shares of the company traded hands. TerraForm Global, Inc. has a 1-year low of $3.25 and a 1-year high of $5.10. The stock’s market capitalization is $570.50 million. The company has a 50-day moving average of $5.03 and a 200-day moving average of $4.83.
TerraForm Global (NASDAQ:GLBL) last issued its earnings results 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 net margin of 26.87% and a negative return on equity of 6.15%. The company had revenue of $62.50 million during the quarter, compared to analyst estimates of $66.33 million. During the same quarter in the previous year, the company posted $0.01 EPS. Analysts anticipate that TerraForm Global, Inc. will post ($0.16) earnings per share for the current fiscal year.
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Several research analysts recently weighed in on the stock. BidaskClub raised shares of TerraForm Global from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. Zacks Investment Research raised shares of TerraForm Global from a “sell” rating to a “hold” rating in a report on Thursday, July 6th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $7.00.
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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