Lorem Ipsum’s New Bets On Solar, Tankers

Lorem Ipsum finished the first half of the year owning 190,000 shares of Solaredge Technologies Inc (NASDAQ:SEDG) valued at $6.91 million. The company is engaged in solar power harvesting activities, while offering photovoltaic monitoring solutions. The current P/E ratio for the stock stands at 123.5 versus 19.2 for the S&P 500. It is not surprising that Mr. Market values the future of Solaredge Technologies Inc (NASDAQ:SEDG) so highly however, given its past achievements that allowed the company to more than triple its revenue from $75 million in 2012 to $271 million in 2015. At the same time, the PEG ratio of 0.3 suggests a potential undervaluation at the moment, while simultaneously the mean 12-month analysts’ target price points at a possible 30-31% upside from the $28 per share where the stock is changing hands today. Donald Chiboucis’ Columbus Circle Investors is among the leaders in terms of Solaredge Technologies Inc (NASDAQ:SEDG) stock possession, owning 214,364 shares worth $7.79 million.

Finally, Lorem Ipsum decided to acquire a stake in Teekay Tankers Ltd (NYSE:TNK) to the tune of 475,000 shares worth $3.14 million. The $899.56 million marine transportation company has already made its investors richer by 36.17% this year, while the energy sector to which it is closely tied has dropped by 6.74%. Earlier this year the company bought 12 Suezmax-type vessels together with five Aframax vessels. The deal will enlarge Teekay Tankers Ltd (NYSE:TNK)’s fleet by 60%. The good news for the company is that this increase in fleet size comes at a most convenient time, while Suezmax spot rates show quite positive dynamics, actually the strongest over the last several years. The purchased vessels should be delivered by October of this year, allowing the company to strengthen its position in the shipping market. Matthew Tewksbury‘s Stevens Capital Management holds 17,169 shares of Teekay Tankers as of June 30, a new position for that fund as well.

Disclosure: None