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.

SunEdison’s Bankruptcy Does Not Scare Hedge Funds Away From Solar

Page 1 of 3

SunEdison, once the fastest-growing U.S. renewable energy company, filed for bankruptcy protection in April after its multi-billion-dollar acquisition spree resulted in unmanageable debt levels. The clean-power giant recorded $16.1 billion of debt in its bankruptcy filing, which makes it the biggest bankruptcy in the past year or so. Meanwhile, SunEdison’s two-publicly-traded subsidiaries, which were formed to buy the parent company’s clean-energy power plants, were not part of the bankruptcy. Nonetheless, solar project developers continue to enjoy robust demand despite investor concerns over a possible decline in demand due to weaker crude oil prices. However, other solar project developers in the industry do not seem doomed to the same fate as SunEdison, so the hedge fund industry has not been eschewing itself from channeling more capital into solar companies’ securities. Having this in mind, the following article will lay out a list of five most popular solar stocks, which includes SunEdison’s publicly-traded satellites.

power, generator, green, yellow, transition, sunny, sunflower, change, light, sun, energy, panel, wind, sustainable, collector, renewable, ecological, eco, future, flower,


At Insider Monkey, we track around 730 hedge funds and institutional investors. Through extensive backtests, we have determined that imitating some of the stocks that these investors are collectively bullish on can help retail investors generate double digits of alpha per year. The key is to focus on the small-cap picks of these funds, which are usually less followed by the broader market and allow for larger price inefficiencies (see more details about our small-cap strategy).

#5. SunPower Corporation (NASDAQ:SPWR)

– Investors with long positions as of March 31: 15

– Aggregate value of investors’ holdings as of March 31: $161.85 Million

The hedge fund sentiment towards SunPower Corporation (NASDAQ:SPWR) declined during the first quarter of 2016, as the number of funds included in our database with stakes in the company dropped to 15 from 22 quarter-over-quarter. Similarly, the aggregate value of those hedge funds’ stakes decreased to $161.85 million from $163.84 million. The global energy company has seen its market value decline by 41% since the beginning of the year, as the company posted a wider-than-expected first-quarter net loss and issued disappointing guidance for the second quarter. Gordon Johnson of Axiom Capital Research, who rates the installer of residential solar systems a ‘Sell’, recently asserted that SunPower’s installations in 2016 will be significantly below the company’s guidance of 1.6 gigawatts-to-1.9 gigawatts due to “poor bookings execution”. A possible sizable negative guidance revision may put significant weight on SunPower’s stock performance. Steven Cohen’s Point72 Asset Management owns nearly 2.00 million shares of SunPower Corporation (NASDAQ:SPWR) as of March 31.

Follow Sunpower Corp (NASDAQ:SPWR)
Trade (NASDAQ:SPWR) Now!
Page 1 of 3

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!