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A Look Into Ecofin’s Eco-Friendly Stock Moves Heading Into 2016: From SunPower To SolarEdge

First Solar, Inc. (NASDAQ:FSLR)

– Shares Owned by Ecofin as of December 31: 796,565

– Value of Holding as of December 31: $52.57 Million

Unlike its peers above, First Solar, Inc. (NASDAQ:FSLR) saw Ecofin trim its position in the company, by 19%, during the fourth quarter. However, the stock maintained its place as the third-most valuable position in the fund’s portfolio, same as in the previous quarter, accounting for roughly 8.8% of its total value. It should be noted that over the period in question, the shares of First Solar surged by over 54%, aided by the aforementioned extension of the ITC and an earnings beat, among other things. First Solar, Inc. (NASDAQ:FSLR) delivered EPS of $3.38 on revenue of $1.27 billion, substantially above the Street’s consensus of EPS of $1.52 and revenue of $1.10 billion. At one point over the same quarter, Columbus Circle Investors, the hedge fund managed by Clifford G. Fox started a stake in the company, comprising 380,090 shares, worth more than $25 million.

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Delphi Automotive PLC (NYSE:DLPH)

– Shares Owned by Ecofin as of December 31: 299,556

– Value of Holding as of December 31: $25.68 Million

One of Ecofin’s most bullish moves of the fourth quarter was the one it made in its Delphi Automotive PLC (NYSE:DLPH) position, which it increased by 58%, disclosing ownership of 299,556 shares worth more than $25 million as of the end of 2015. Last week, Delphi Automotive PLC (NYSE:DLPH) announced that it earned $1.39 per share in the fourth quarter of 2015, beating expectations by $0.01. Revenue of $3.88 billion, up by 2.6% year-over-year, also came in $100 million ahead of estimates. The company had also posted an earnings beat in the prior quarter. There were 40 funds in our database that disclosed long stakes in the company as of the end of the third quarter of 2015.

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Solaredge Technologies Inc (NASDAQ:SEDG)         

– Shares Owned by Ecofin as of December 31: 837,398

– Value of Holding as of December 31: $23.59 Million

Finally, there’s Solaredge Technologies Inc (NASDAQ:SEDG), a small-cap provider of solar power harvesting and photovoltaic (PV) monitoring solutions, in which Ecofin started a position comprising 837,398 shares during the fourth quarter. Solaredge Technologies Inc (NASDAQ:SEDG) recently reported its second quarter of fiscal year 2016 financial results, which included earnings of $0.44 per share and revenue of $124.83 million, both above the Street’s consensus of $0.37 per share and $118.6 million respectively. On the other hand, Michael R. Weisberg’s Crestwood Capital Management disposed of 156,000 shares of the company over the fourth quarter, trimming its holding to 115,958 shares worth about $3.26 million.

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Disclosure: Javier Hasse holds no positions in any of the securities mentioned in this article.

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