Energy
Short Interest: Solar Stocks Pick Up Some Ground (CSIQ, FSLR, GTAT, WFR, SPWR, JASO, LDK, STP, TSL, YGE)
Published:
Last Updated:
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 6.5% to 3.39 million shares, 11.2% of the company’s total float.
First Solar Inc. (NASDAQ: FSLR) short interest fell 3.5% to 28.59 million shares, which represents 47.6% of the company’s float.
GT Advanced Technologies Inc. (NASDAQ: GTAT) showed an increase of 20.3% in short interest to 34.25 million shares, about 29% of GT’s float.
MEMC Electronic Materials Inc. (NYSE: WFR) showed a drop of 10.4% in short interest to 20.4 million shares, about 8.9% of MEMC’s float.
Sunpower Corp. (NASDAQ: SPWR) saw short interest fall 7.7% to 4.05 million shares, 10.2% of the company’s total float.
JA Solar Holdings Co. Ltd. (NASDAQ: JASO) showed a decrease of 6.9% in short interest to 8.66 million shares.
LDK Solar Co. Inc. (NYSE: LDK) saw short interest drop 11.9% to 8.3 million shares.
Suntech Power Holdings Co. Ltd. (NYSE: STP) showed a rise of 2.1% in short interest to 18.32 million shares.
Trina Solar Ltd. (NYSE: TSL) saw short interest rise 1.2% to 12.7 million shares.
Yingli Green Energy Holding Co. Ltd. (NYSE: YGE) showed a drop of 6.4% in short interest, to 6.09 million shares.
As with the previous short interest report, we saw more solar makers’ short interest fall than rise. That could indicate that solar stocks are pretty much as low as they can get. The major exception is GT Advanced Technologies, a maker of the equipment used to manufacture solar cells and panels. Because the panel makers already have more capacity than they can sell, GT is in nasty spot. As for the drop in short interest at some Chinese makers, that could be due to more expectations that government help is on the way, though yesterday’s U.S. tariff ruling will slow enthusiasm for the Chinese solar stocks.
Paul Ausick
The #1 Thing to Do Before You Claim Social Security (Sponsor)
Choosing the right (or wrong) time to claim Social Security can dramatically change your retirement. So, before making one of the biggest decisions of your financial life, it’s a smart idea to get an extra set of eyes on your complete financial situation.
A financial advisor can help you decide the right Social Security option for you and your family. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you.
Click here to match with up to 3 financial pros who would be excited to help you optimize your Social Security outcomes.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
