Energy

Short Interest in Solar Stocks Cools Off

solar power
Thinkstock
We continue to track the short interest changes in a number of solar PV and installation companies. The following information is based on data reported for the two-week period ending April 30.

Canadian Solar Inc. (NASDAQ: CSIQ) saw short interest rise by 0.3% to 3.22 million shares, about 8% of the company’s total float. In the two-week short interest period to April 30, shares rose nearly 8%, but they’re down about 11.7% year to date through Friday to close at $26.32. The stock’s 52-week range is $6.81 to $44.50.

First Solar Inc. (NASDAQ: FSLR) saw short interest fall by 14.4% to 8.75 million shares, which represents 12.1% of the company’s float. In the two-week short interest period to April 30th, shares gained about 1.7% and are up about 16% year-to-date through Friday’s close at $63.21. The stock’s 52-week range is $35.59 to $74.84.

SunEdison Inc. (NYSE: SUNE) showed an increase of 2.1% in short interest, to 58.14 million shares. About 21.9% of the company’s stock is now short. In the latest two-week short interest period, shares gained nearly 14% and are up more than 28% year-to-date through Friday’s close. The stock’s 52-week range is $3.95 to $19.05, and shares last closed at $16.74.

Sunpower Corp. (NASDAQ: SPWR) saw a short interest drop of 1.3% to 12.79 million shares, 30.3% of the company’s total float. In the two-week short interest period to April 30th, shares gained 25% but are up just 10.7% year to date after closing at $33 on Friday. The stock’s 52-week range is $17.52 to $37.14.

SolarCity Corp. (NASDAQ: SCTY) showed a rise of 4.3% in short interest to 10.01 million shares, or 24.4% of the company’s float. In the two-week short interest period, shares rose 3.7% but are down 8.4% for the year through Friday’s close. The stock’s 52-week range is $28.31 to $88.35, and shares closed at $52.04 on Friday.

Sponsored: Attention Savvy Investors: Speak to 3 Financial Experts – FREE

Ever wanted an extra set of eyes on an investment you’re considering? Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help guide you through the financial decisions you’re making. And the best part? The first conversation with them is free.Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.

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