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.

What Hedge Funds Think About These 5 Solar Stocks

Solar panel prices have crashed by around 30% globally in 2016, a development that has made every major producer rethink their strategy with respect to expansion and growth. Many solar stocks have seen their prices fall by 40-80% in 2016, as a massively oversupplied market has resulted in prices going below cost for most companies. In addition, domestic solar companies could feel added pressure under Mr. Trump’s less favorable renewable energy agenda. The current downturn could lead to industry consolidation where only the strongest will survive. In this article, let’s analyze some of these solar stocks and the hedge fund sentiment towards them.

We follow over 700 hedge funds and other institutional investors and by analyzing their quarterly 13F filings, we identify stocks that they are collectively bullish on and develop investment strategies based on this data. One strategy that outperformed the market over the last year involves selecting the 100 best-performing funds and identifying the 30 mid-cap stocks that they are collectively the most bullish on. Over the past year, this strategy generated returns of 18%, topping the 8% gain registered by S&P 500 ETFs.


First Solar Inc (NASDAQ:FSLR), which is one of USA’s largest solar companies, has faced a lot of heat from the investor community due to a number of reasons. First, the company has been forced to fast forward the production of its S6 solar modules and skip the entire S5 series. Second, it has given weak guidance for the upcoming year, on the account of the surplus of solar panels globally. Though the company slashed its 2017 revenue guidance by close to $1 billion, it raised its gross margin expectation to 25.5%-26% from 18.5%-19%. According to our data, funds like Quentec Asset Management, Prescott Group Capital Management, Roumell Asset Management held large holdings in First Solar Inc.’s (NASDAQ:FSLR). The number of funds inour system long on this stock declined to 23 from 30 in the earlier quarter. They held 5.3% of the company’s float as of September 30th.

Follow First Solar Inc. (NASDAQ:FSLR)
Trade (NASDAQ:FSLR) Now!

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.