Energy
Short Interest in Solar and Alt Energy Stocks Mixed, With One Big Move
Published:
Last Updated:
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.
Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Get started right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.