Energy

Short Interest Moves in Solar Energy Companies

Solar rooftop installation
Thinkstock
We have tracked the short interest in the following North American Solar companies as of June 28: Canadian Solar Inc. (NASDAQ: CSIQ), First Solar Inc. (NASDAQ: FSLR), GT Advanced Technologies Inc. (NASDAQ: GTAT), SunEdison Inc. (NYSE: SUNE) 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 drop by 21.3% to 1.9 million shares, about 6.3% of the company’s total float.

First Solar Inc. (NASDAQ: FSLR) short interest drop by 6.9% to 13.58 million shares, which represents 19.6% of the company’s float.

GT Advanced Technologies Inc. (NASDAQ: GTAT) showed an increase of 2.4% in short interest, to 50.86 million shares, about 43.1% of GT’s float.

SunEdison Inc. (NYSE: SUNE) showed a decrease of 18.7% in short interest, to 14.91 million shares. About 6.5% of the company’s stock is now short.

Sunpower Corp. (NASDAQ: SPWR) saw short interest drop 0.9% to 11.9 million shares, 28.6% of the company’s total float.

JA Solar Holdings Co. Ltd. (NASDAQ: JASO) showed a rise of 14.7% in short interest to 3.87 million shares.

LDK Solar Co. Inc. (NYSE: LDK) saw short interest rise by 9.3% to 3.78 million shares.

Suntech Power Holdings Co. Ltd. (NYSE: STP) showed a drop of 10.2% in short interest, to 16.62 million shares.

Trina Solar Ltd. (NYSE: TSL) saw a short interest rise of 2.2% to 13.08 million shares.

Yingli Green Energy Holding Co. Ltd. (NYSE: YGE) showed a rise of 18.3% in short interest, to 11.01 million shares.

Shares of both First Solar and SunPower have risen since June 24, and part of that rise is no doubt the result of some short covering. Both companies still have a fair portion of shares held short.

Among the Chinese solar stocks, JA Solar and Yingli saw big increases again in this period, even as share prices have risen. Investors probably believe that the share price increases will not continue.

100 Million Americans Are Missing This Crucial Retirement Tool

The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.

Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.

A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.

Click here to learn how to get a quote in just a few minutes.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.