Energy
Suntech Woes Have Little Impact on Solar Short Interest (CSIQ, FSLR, GTAT, WFR, SPWR, JASO, LDK, STP, TSL, YGE)
Published:
Last Updated:
In the Chinese solar sector we tracked the following short interest changes: JA Solar Holdings Co. Ltd. (NASDAQ: JASO), LDK Solar Co. Inc. (NYSE: LDK), Suntech Power Holdings Co. Ltd. (NYSE: STP), Trina Solar Ltd. (NYSE: TSL) and Yingli Green Energy Holding Co. Ltd. (NYSE: YGE).
For China-based firms, the percentage of shares short is not available because the companies are also listed on other exchanges.
Canadian Solar Inc. (NASDAQ: CSIQ) saw short interest rise 0.5% to 2.15 million shares. That is 7.1% of the company’s total float.
First Solar Inc. (NASDAQ: FSLR) short interest rose by 3.7% to 18.42 million shares, which represents 30.6% of the company’s float.
GT Advanced Technologies Inc. (NASDAQ: GTAT) showed an increase of 5.2% in short interest, to 40.25 million shares, or about 33.9% of GT’s float.
Short interest in MEMC Electronic Materials Inc. (NYSE: WFR) declined 1.7% to 16.46 million shares, about 7.2% of MEMC’s float.
SunPower Corp. (NASDAQ: SPWR) saw short interest fall by 16% to 8.34 million shares, or 21% of the company’s total float.
JA Solar Holdings Co. Ltd. (NASDAQ: JASO) showed an increase of 0.7% in short interest, to 3.38 million shares.
LDK Solar Co. Inc. (NYSE: LDK) saw short interest decline of 3.9% to 3.41 million shares.
Suntech Power Holdings Co. Ltd. (NYSE: STP) had a drop of 8.6% in short interest, to 26.03 million shares.
Trina Solar Ltd. (NYSE: TSL) saw short interest rise of 1.5% to 19.28 million shares.
Yingli Green Energy Holding Co. Ltd. (NYSE: YGE) showed a drop of 0.2% in short interest, to 5.66 million shares.
The bankruptcy filing by Suntech happened after March 15, so any impact on other solar players has not shown up yet. JA Solar got a reprieve shortly after the Suntech fiasco, and it looks like both Trina and Yingli will make it through the shakeout in Chinese solar stocks. LDK Solar remains the weakest of the current survivors.
Retirement can be daunting, but it doesn’t need to be.
Imagine having an expert in your corner to help you with your financial goals. Someone to help you determine if you’re ahead, behind, or right on track. With SmartAsset, that’s not just a dream—it’s reality. This free tool connects you with pre-screened financial advisors who work in your best interests. It’s quick, it’s easy, so take the leap today and start planning smarter!
Don’t waste another minute; get started right here and help your retirement dreams become a retirement reality.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.