Energy

Solar Stocks Short Interest: Anyone Care About Solar Stocks Any More? (CSIQ, FSLR, GTAT, WFR, SPWR, JASO, LDK, STP, TSL, YGE)

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 2.4% to 3.63 million shares, 12% of the company’s total float.

First Solar Inc. (NASDAQ: FSLR) short interest rose 1.1% to 29.63 million shares, which represents 49.3% of the company’s float.

GT Advanced Technologies Inc. (NASDAQ: GTAT) showed an increase of 2.8% in short interest, to 28.46 million shares, about 24.1% of the float.

MEMC Electronic Materials Inc. (NYSE: WFR) showed a drop of 4.6% in short interest, to 22.77 million shares, about 9.9% of MEMC’s float.

Sunpower Corp. (NASDAQ: SPWR) saw short interest fall 1.1% to 4.38 million shares, 11% of the company’s total float.

JA Solar Holdings Co. Ltd. (NASDAQ: JASO) showed a decrease of 7.6% in short interest, to 9.31 million shares.

LDK Solar Co. Inc. (NYSE: LDK) saw short interest drop 5.8% to 10 million shares.

Suntech Power Holdings Co. Ltd. (NYSE: STP) showed a rise of 1.1% in short interest, to 17.95 million shares.

Trina Solar Ltd. (NYSE: TSL) saw short interest fall 3.6% to 12.54 million shares.

Yingli Green Energy Holding Co. Ltd. (NYSE: YGE) showed a rise of 2.8% in short interest, to 6.5 million shares.

More solar makers saw short interest fall more than rise. That could indicate that solar stocks are pretty much as low as they can get. One exception might be LDK, which is teetering on the brink of bankruptcy. And look at the percentages of shares held short in First Solar and GT. How much worse can it get?

 

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