Energy

More Declines in Solar, Alt Energy Short Interest

Alternative Energy sources
thinkstock
Short interest among solar and alternative energy stocks was mixed during the two-week reporting period that ended on April 15. During that period, share prices rose for all the stocks we cover in a range of from about 3.5% to 35.0%.

First Solar Inc. (NASDAQ: FSLR) saw short interest decrease by about 9.7% to 7.21 million shares, which represents 9.8% of the company’s float. Days to cover slipped to 3.4. In the two weeks to April 15, shares rose about 5%. The stock’s 52-week trading range is $39.18 to $73.78, and it closed at $63.43 on Friday, down about 2% for the day.

SunEdison Inc. (NYSE: SUNE) showed a drop of 2.5% in short interest to 80.58 million shares. About 29.8% of the company’s float is now short, and days to cover slipped to 10.6. In the latest short interest reporting period, the share price rose more than 10%. The stock closed at $26.61 Friday, in a 52-week range of $13.09 to $27.74. The high was posted on Friday.

SunPower Corp. (NASDAQ: SPWR) short interest fell by 7.2% to 5.47 million shares, or 10.5% of the company’s float. In the two-week short interest period, shares rose more than 6%. The stock’s 52-week range is $22.75 to $42.07, and it closed at $33.97 on Friday, down about 2.5% for the day. Days to cover slipped to 3.9.

ALSO READ: The 5 Most Shorted Nasdaq Stocks

SolarCity Corp. (NASDAQ: SCTY) saw a short interest rise by 2.8% to 19.36 million shares, or 33.6% of the company’s total float. Days to cover fell to six. In the period, shares jumped by nearly 12%. The stock’s 52-week range is $45.79 to $79.40, and shares closed at $60.00 Friday, down fractionally for the day.

Canadian Solar Inc. (NASDAQ: CSIQ) saw a rise of 0.4% in short interest in the two-week period to April 15. Some 9.7% of the total float, 4.03 million shares, are short, and days to cover slipped to 1.8. The company’s shares rose about 7.5% in the period. Shares closed Friday night at $36.36, down about 0.4% for the day, in a 52-week range of $18.68 to $41.12.

FuelCell Energy Inc. (NASDAQ: FCEL) had a rise of 2.4% in short interest during the two-week period. About 13.3% of the company’s float, 32.6 million shares, is short, and days to cover rose to 9.6. In the short interest period, the shares gained about 4%. The stock closed at $1.30 on Friday, in a 52-week range of $1.05 to $2.84.

Plug Power Inc. (NASDAQ: PLUG) saw short interest drop by 3.2% to 30.79 million shares. Days to cover rose slightly to 9.2, and about 17.9% of the company’s shares are short. In the two weeks to April 15, the stock’s share price rose about 3.7%. The stock’s 52-week range is $2.42 to $6.47, and shares closed Friday at $2.65, down about 0.8% for the day.

Clean Energy Fuels Corp. (NASDAQ: CLNE) saw a drop of 4.2% in short interest to 16.44 million shares. About 23.3% of the company’s float is short, and days to cover fell to 12.4. Shares rose about 35% in the two-week period. The stock closed at $8.07 on Friday, in a 52-week range of $3.99 to $11.79. The share price rose by about 5.5% on Friday.

Pacific Ethanol Inc. (NASDAQ: PEIX) saw short interest fall by 4.8% in the two-week period to 4.03 million shares, about 17.1% of the company’s float. Days to cover slipped to 5.6. The stock price rose about 10.6% in the two weeks to April 15. The stock closed at $12.03 on Friday, down about 3.3% on the day, in a 52-week range of $7.51 to $23.97.

ALSO READ: The 5 Most Shorted NYSE Stocks

100 Million Americans Are Missing This Crucial Retirement Tool

The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.

Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.

A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.

Click here to learn how to get a quote in just a few minutes.

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