Energy
Short Interest in Solar and Alt Energy Stocks Mixed, With One Big Move
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First Solar Inc. (NASDAQ: FSLR) saw short interest rise by 9.7% to 8.77 million shares, which represents 12% of the company’s float. Days to cover remained at three. In the two-week short interest period to January 15, shares fell nearly 10%. The stock’s 52-week range is $39.18 to $74.84, and it closed at $43.72 on Tuesday.
SunEdison Inc. (NYSE: SUNE) faced an increase of 7.7% in short interest, to 80.96 million shares. About 30.1% of the company’s stock was short and the days to cover fell to seven. In the latest two-week short interest reporting period, shares fell about 0.5%. The stock closed at $19.83 Tuesday night, in a 52-week range of $13.09 to $24.35.
SunPower Corp. (NASDAQ: SPWR) short interest fell by 1% to 10.43 million shares, or 19.9% of the company’s float. In the two-week period, shares fell by about 4.7%. The stock’s 52-week range is $22.75 to $42.07, and it closed at $25.37 on Tuesday. Days to cover fell to four.
ALSO READ: The 5 Most Shorted Nasdaq Stocks in Early January
SolarCity Corp. (NASDAQ: SCTY) saw a short interest fall by 4.1% to 19.73 million shares, or 34.8% of the company’s total float. Days to cover declined to eight. In the short interest period, shares fell nearly 10%. The stock’s 52-week range is $45.79 to $88.35, and shares closed at $50.10 Tuesday.
Canadian Solar Inc. (NASDAQ: CSIQ) saw a drop of 1.2% in short interest in the first two weeks of January. Some 13.2% of the stock, 5.47 million shares, was short, and the days to cover rose to three. The company’s shares retreated about 12% in the period. Shares closed Tuesday at $20.36, in a 52-week range of $18.68 to $44.50.
FuelCell Energy Inc. (NASDAQ: FCEL) had a decline of 4.2% in short interest during the two-week period. About 13.2% of the company’s stock, 31.02 million shares, was short and the days to cover fell to seven. In the two-week short interest period, the shares dropped more than 26%. The stock closed at $1.34 on Tuesday, in a 52-week range of $1.05 to $4.74.
Plug Power Inc. (NASDAQ: PLUG) saw short interest fall by 4.7% to 31.46 million shares. The days to cover rose to seven, and about 18.8% of the company’s shares were short. In the two weeks, the stock’s share price fell 11%. The stock’s 52-week range is $2.48 to $11.72, and shares closed Monday at $3.18.
ALSO READ: The 5 Most Shorted NYSE Stocks in Early January
Clean Energy Fuels Corp. (NASDAQ: CLNE) saw a rise of just 0.3% in short interest to 16.65 million shares. About 23.7% of the company’s shares were short, and the days to cover rose to 12. Shares pulled back 12.5% in the two-week period. The stock closed at $4.41 on Tuesday, in a 52-week range of $4.18 to $12.15.
Pacific Ethanol Inc. (NASDAQ: PEIX) saw short interest rise by 31.7% in early January to 3.97 million shares, about 17.4% of the company’s float. The days to cover remained unchanged at three. The stock price fell more than 21% during the period, and shares closed at $9.26 on Tuesday. They have traded in 52-week range of $6.16 to $23.97.
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