Energy

Solar Short Interest Focused on Two Stocks

Solar rooftop installation
Thinkstock
We have tracked the short interest in the following North American Solar companies as of October 15: Canadian Solar Inc. (NASDAQ: CSIQ), First Solar Inc. (NASDAQ: FSLR), GT Advanced Technologies Inc. (NASDAQ: GTAT), SunEdison Inc. (NYSE: SUNE) and Sunpower Corp. (NASDAQ: SPWR). 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), SolarCity Corp. (NASDAQ: SCTY), 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 fall by 28.0% to 2.26 million shares, about 6.9% of the company’s total float.

First Solar Inc. (NASDAQ: FSLR) saw short interest rise by about 10% to 11.9 million shares, which represents 16.9% of the company’s float.

GT Advanced Technologies Inc. (NASDAQ: GTAT) showed a decrease of 3.0% in short interest, to 33.22 million shares, about 27.2% of GT’s float.

SunEdison Inc. (NYSE: SUNE) showed an increase of 4.2% in short interest to 22.28 million shares. About 8.6% of the company’s stock is now sold short.

Sunpower Corp. (NASDAQ: SPWR) saw a short interest rise of 1.6% to 11.82 million shares, or 28.2% of the company’s total float.

JA Solar Holdings Co. Ltd. (NASDAQ: JASO) showed a drop of 14.1% in short interest to 3.29 million shares.

LDK Solar Co. Inc. (NYSE: LDK) saw short interest rise by 42.3% to 5.27 million shares.

SolarCity Corp. (NASDAQ: SCTY) showed a rise of 7.1% in short interest to 7.33 million shares, or 30.2% of the company’s float.

Trina Solar Ltd. (NYSE: TSL) saw a short interest drop of 7.6% to 6.28 million shares.

Yingli Green Energy Holding Co. Ltd. (NYSE: YGE) showed a rise of 19.4% in short interest to 13.6 million shares.

Short interest in Yingli has risen for the past three reporting periods. The reason is simple: the stock appears to be overvalued. The consensus price target is around $4.75 and the stock has not traded that low since early September. LDK showed a big jump in short interest as well, due largely to a 30-day forbearance agreement it arranged in late September postponing a $13 million interest payment. The extension ends on October 27.

Cash Back Credit Cards Have Never Been This Good

Credit card companies are at war, handing out free rewards and benefits to win the best customers. A good cash back card can be worth thousands of dollars a year in free money, not to mention other perks like travel, insurance, and access to fancy lounges. See our top picks for the best credit cards today. You won’t want to miss some of these offers.

 

Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.

AI Portfolio

Discover Our Top AI Stocks

Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.

You can follow him investing $500,000 of his own money on our top AI stocks for free.