Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Ferrellgas Partners LP (FGP), Real Goods Solar Inc (RGSE) Among Stocks on the Move on Wednesday

Page 1 of 2

Major indices are trading in red today. The markets are feeling uncertainty on account of banking crisis in Germany. An important OPEC meeting is also scheduled to be held later this week. The markets are affected by individual stock movements as well.

Some of the stocks making big moves today are Ferrellgas Partners LP (NYSE:FGP), Real Goods Solar Inc (NASDAQ:RGSE), Great Plains Energy Incorporated (NYSE:GXP), Versartis Inc (NASDAQ:VSAR), and Paychex Inc (NASDAQ:PAYX). Let’s take a closer look at these stocks and see what the funds from our database think about them.

An everyday investor doesn’t have the same resources and capabilities to analyze different publicly-traded companies as hedge funds do. This is why it is a good idea to see what stocks hedge funds like the most and try to imitate some of their bullish moves in an attempt to reap market-beating returns. At Insider Monkey, we follow the activity of several hundred of the best-performing hedge funds as part of our strategy. We analyze their 13F filings and use the data to see what stocks they are collectively bullish on. Through extensive research we have determined that the best approach to outperform the broader indices is to follow hedge funds into their top small-cap ideas. In our backtests, a portfolio of the 15 most popular small-cap stocks generated monthly alpha of 81 basis points, versus 0.7 percentage points posted by hedge funds’ top large- and mega-cap picks (see more details here).

accessibility, achievement, arrow, assertiveness, bar, business, challenge, color, colour, communication, connection, corporate, digitally, finance, front, full, generated,

KPG Ivary/

Ferrellgas Partners LP (NYSE:FGP) stock has lost over 20% today as the company announced its financial results for the fiscal fourth quarter and fiscal 2016. Its full-year loss amounted to $665.4 million, down from a profit of $29.6 million reported last year, which  includes a one-time, non-cash impairment charge of $628.8 million in the company’s midstream operations. The company also attributed the loss to warmer than average temperature. For the fourth quarter, its net loss amounted to $6.26 per share, which may not be comparable to estimates of a loss of $0.42 per share, while revenue of $409.51 million was up by 7.1% on the year, but $52.5 million below estimates. The company also announced the resignation of CEO and President Stephen Wambold, who will be succeeded by Ferrellgas Partners founder James Ferrell on an interim basis. Among the funds we track, two funds held $548,000 worth of Ferrellgas Partners’s stock in aggregate at the end of June.

Follow Ferrellgas Partners L P (NYSE:FGP)
Trade (NYSE:FGP) Now!

Real Goods Solar Inc (NASDAQ:RGSE) was trading higher in the first hours, but has plunged by more than 14% further in the intraday trading. Yesterday, news emerged that state officials had not approved Southern California Edison’s proposal to lower the compensation rate for solar-powered houses and companies that send electricity to the grid and to approve charges for solar customers, which had been lobbied by Edison, Pacific Gas & Electric and San Diego Gas & Electric. 

Follow Real Goods Solar Inc. (SWX:RGSE)
Trade (SWX:RGSE) Now!

Great Plains Energy Incorporated (NYSE:GXP) stock has advanced by over 2% after the company announced the pricing of its concurrent underwritten public offerings of 52.6 million shares of its common stock and 15 million depositary shares. The common stock will be offered at a price of $26.45 per share, while the depository shares represent a 1/20th ownership interest in a share of its 7.00% Series B Mandatory Convertible Preferred Stock. The company plans to use the net proceeds to finance a part of the cash consideration payable for acquiring Westar Energy, Inc. The company will collect approximately $1.35 billion and $727 million from common stock and the depository shares, after accounting for expenses and discounts. 25 hedge funds from our database have positions in the company, with a total value of $408 million as of the end of June.

Follow Great Plains Energy Inc (NYSE:GXP)
Trade (NYSE:GXP) Now!

Page 1 of 2

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!