Energy
Solar Stocks Short Interest: Geography Matters (CSIQ, FSLR, GTAT, WFR, SPWR, JASO, LDK, STP, TSL, YGE)
Published:
We tracked the short interest in the following North American solar companies: Canadian Solar Inc. (NASDAQ: CSIQ), First Solar Inc. (NASDAQ: FSLR), GT Advanced Technologies Inc. (NASDAQ: GTAT), MEMC Electronic Materials Inc. (NYSE: WFR) 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), Suntech Power Holdings Co. Ltd. (NYSE: STP), 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 0.4% to 3.72 million shares, 12.3% of the company’s total float.
First Solar Inc. (NASDAQ: FSLR) short interest fell 8% to 29.3 million shares, which represents 48.8% of the company’s float.
GT Advanced Technologies Inc. (NASDAQ: GTAT) showed a decline of 5.1% in short interest, to 27.7 million shares, about 23.5% of GT’s float.
MEMC Electronic Materials Inc. (NYSE: WFR) showed a drop of 14.2% in short interest, to 23.9 million shares, about 10.4% of MEMC’s float.
Sunpower Corp. (NASDAQ: SPWR) saw short interest fall 2.3% to 4.4 million shares, 11.2% of the company’s total float.
JA Solar Holdings Co. Ltd. (NASDAQ: JASO) showed a gain of 0.4% in short interest, to 10.07 million shares.
LDK Solar Co. Inc. (NYSE: LDK) saw short interest drop 3.9% to 10 million shares.
Suntech Power Holdings Co. Ltd. (NYSE: STP) showed a rise of 1.1% in short interest, to 17.8 million shares.
Trina Solar Ltd. (NYSE: TSL) saw short interest rise 7% to 13 million shares.
Yingli Green Energy Holding Co. Ltd. (NYSE: YGE) showed a rise of 4.2% in short interest, to 6.3 million shares.
The interesting thing to note here is that all but one of the Chinese solar makers saw a rise in short interest, and all the North American-based companies saw a drop. This could be a reaction to the new tariffs on Chinese imports, but a better explanation is that the Chinese makers continue to kid themselves into believing that all their overcapacity can be soaked up somehow.
Paul Ausick
Credit Card Companies Are Doing Something Nuts
Credit card companies are at war. The biggest issuers are handing out free rewards and benefits to win the best customers.
It’s possible to find cards paying unlimited 1.5%, 2%, and even more today. That’s free money for qualified borrowers, and the type of thing that would be crazy to pass up. Those rewards can add up to thousands of dollars every year in free money, and include other benefits as well.
We’ve assembled some of the best credit cards for users today. Don’t miss these offers because they won’t be this good forever.
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.
Latest from 24/7
