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Actionable news in SCTY: SolarCity Corporation,

Alternative Energy Stocks Smart Money Loves

#2. SolarCity Corp (NASDAQ:SCTY)

– Number of Hedge Fund Shareholders (as of June 30): 26

– Total Value of Hedge Funds’ Holdings (as of June 30): $140.19 Million

The number of smart money investors from our system with equity investments in SolarCity Corp (NASDAQ:SCTY) increased to 26 from 23 during the second quarter, while the value of those investments rose by 33% quarter-over-quarter to $140.19 million despite the stock returning a negative 2% during the June quarter. In late July, electric car maker Tesla Motors Inc. (NASDAQ:TSLA) agreed to acquire the installer of residential and commercial solar energy systems in an all-stock deal valued at $2.6 billion. Tesla Motors recently won U.S. antitrust approval to buy solar panel installer SolarCity, yet another step towards achieving Elon Musk’s goal of creating a carbon-free...