Energy
Short Interest Picks Up Again in Alternative Energy, Solar Stocks
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Once again, days to cover rose on all nine stocks, and among the solar stocks, only one posted a share price decline during the two-week period. Among the alternative fuel stocks, three of four posted share price losses for early June.
First Solar Inc. (NASDAQ: FSLR) saw short interest increase by 3.5% to 5.78 million shares, which represents 7.8% of the company’s float. Days to cover rose to three. In the two-week short interest period, shares gained more than 7.5%. The stock’s 52-week trading range is $39.18 to $73.78, and it closed at $51.36 on Wednesday, down about 0.3% for the day.
SunEdison Inc. (NYSE: SUNE) showed an increase of 5.8% in short interest to 69.47 million shares. About 25.6% of the company’s float is now short, and days to cover rose from seven to nine. In the latest two-week short interest reporting period, the share price rose 1%. The stock closed at $31.68 Wednesday night, down 1.4% for the day, in a 52-week range of $13.09 to $32.66.
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SunPower Corp. (NASDAQ: SPWR) short interest rose by 9.1% to 7.45 million shares, or 13.8% of the company’s float. In the two-week period to June 15, shares added nearly 8%. The stock’s 52-week range is $22.75 to $42.07, and it closed at $31.50 on Wednesday, down about 2.1% for the day. Days to cover rose to six.
SolarCity Corp. (NASDAQ: SCTY) saw a short interest rise by 5.8% to 22.12 million shares, 37.7% of the company’s total float. Days to cover rose from nine to 11. In the short interest period, the share price fell by about 8.2%. The stock’s 52-week range is $45.91 to $79.40, and shares closed at $57.01 Wednesday, down nearly 2% for the day.
Canadian Solar Inc. (NASDAQ: CSIQ) saw a drop of 2.6% in short interest in the first two weeks of June. Some 8.3% of the total float, 3.5 million shares, are short, and days to cover rose from one to two. The company’s shares rose about 1.6% over the two-week period. They closed Wednesday at $32.36, down about 1.5% for the day, in a 52-week range of $18.68 to $41.12.
FuelCell Energy Inc. (NASDAQ: FCEL) had a gain of 3.5% in short interest during the two-week period. About 14.6% of the company’s float, 37.38 million shares, is short, and days to cover rose from 13 to 14. In the two-week short interest period, the shares dropped more than 12%. The stock closed at $0.95 on Wednesday, down about 1.3% for the day, in a 52-week range of $0.86 to $2.84.
Plug Power Inc. (NASDAQ: PLUG) saw short interest rise by 1.8% to 31.68 million shares. Days to cover rose from 12 to 15, and about 18.4% of the company’s shares are short. In the two weeks to June 15, the stock’s share price slipped by 1.1%. The stock’s 52-week range is $2.32 to $6.47, and shares closed Wednesday at $2.58, down 1.9% for the day.
ALSO READ: Has Short Interest in 3D Printing Stocks Found a Bottom?
Clean Energy Fuels Corp. (NASDAQ: CLNE) saw a rise of 4.7% in short interest to 17.59 million shares. About 25% of the company’s float is short, and days to cover rose from 10 to 15. Shares added about 1% in the two-week period to June 15. The stock closed at $6.83 on Wednesday, in a 52-week range of $3.99 to $11.79. The share price slipped by nearly 2.2% on the day.
Pacific Ethanol Inc. (NASDAQ: PEIX) saw short interest rise by 1.2% in the two-week period to 4.87 million shares, or about 21.6% of the company’s float. Days to cover rose from five to seven. The stock price fell 5.8% in the two weeks to June 15. The stock closed at $10.07 on Wednesday, down more than 3% on the day, in a 52-week range of $7.51 to $23.97.
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