Here’s Why You Should Jump On Solar Bandwagon Before It’s Too Late

First Solar, Inc. (NASDAQ:FSLR) was less popular, with only 30 funds reporting long positions as of the end of June. However, the aggregate value of the stakes held by these funds went up to $281.51 million from $278.21 million and represented 5.90% of the float at the end of the second quarter. Among these investors, Cliff Asness‘ AQR Capital Management reported the largest position, of 626,160 shares.

Then there is SolarCity Corp (NASDAQ:SCTY), which has gained 1.40% so far today. Also last week, Stifel Nicholaus initiated coverage on the stock with a price target of $64 and a ‘Buy’ rating. Taking into account that 34 funds from our database amassed nearly 25% of SolarCity’s shares at the end of June, it’s hard to argue with the bullish outlook from the analyst. Even though the number of funds with long positions in SolarCity Corp (NASDAQ:SCTY) went down by two during the second quarter, the total value of their positions surged to $1.28 billion from $1.02 billion. SRS Investment Management reported ownership of 8.0 million shares of SolarCity in its latest 13F filing.

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