Energy
Solar Stocks’ Short Interest React to Chinese Government (CSIQ, FSLR, GTAT, WFR, SPWR, JASO, LDK, STP, TSL, YGE)
Published:
Last Updated:
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 15.3% to 2.57 million shares, 8.5% of the company’s total float.
First Solar Inc. (NASDAQ: FSLR) short interest fall by 4.8% to 24.64 million shares, which represents 41% of the company’s float.
GT Advanced Technologies Inc. (NASDAQ: GTAT) showed an increase of 1% in short interest, to 38.05 million shares, about 32.2% of GT’s float.
MEMC Electronic Materials Inc. (NYSE: WFR) showed a decline of 11.1% in short interest, to 21.52 million shares, about 9.4% of MEMC’s float.
Sunpower Corp. (NASDAQ: SPWR) saw short interest fall by 1.2% to 4.55 million shares, 11.4% of the company’s total float.
JA Solar Holdings Co., Ltd. (NASDAQ: JASO) showed an increase of 7.7% in short interest, to 1.93 million shares.
LDK Solar Co. Inc. (NYSE: LDK) saw short interest drop 12% to 6.08 million shares.
Suntech Power Holdings Co. Ltd. (NYSE: STP) showed a drop of 2.4% in short interest, to 21.96 million shares.
Trina Solar Ltd. (NYSE: TSL) saw short interest rise 10.7% to 16.62 million shares.
Yingli Green Energy Holding Co. Ltd. (NYSE: YGE) showed a rise of 0.8% in short interest, to 5.6 million shares.
The major change among solar players is the announcement from the Chinese government that it will “reform” the industry by encouraging mergers and acquisitions, and by banning local governments from propping up local favorites with loans. This breathed some life back into LDK Solar, although the government has not been specific about which companies will last and which ones won’t.
Paul Ausick
Get Ready To Retire (Sponsored)
Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Get started right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
