Energy
Solar, Alt Energy Stocks Short Interest Reacts to Falling Crude Prices
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Among the solar stocks, all but one saw a drop in short interest during the two-week period to November 28, and even the one that experienced a rise only saw an increase of less than 1%.
First Solar Inc. (NASDAQ: FSLR) saw short interest decline by 0.5% to 8.45 million shares, which represents 11.5% of the company’s float, and days to cover remained at four. In the two-week short interest period to November 28, shares rose about 2.6%, but they remain down nearly 19% year-to-date through Tuesday’s close at $45.06. The stock’s 52-week range is $42.68 to $74.84.
SunEdison Inc. (NYSE: SUNE) showed an increase of 0.2% in short interest to 70.7 million shares. About 26.3% of the company’s stock was short, and days to cover fell to four. In the latest two-week short interest reporting period, shares rose nearly 29%, and they are up nearly 51% year-to-date through Tuesday night’s close. The stock closed at $20.03, in a 52-week range of $11.11 to $24.35.
SunPower Corp. (NASDAQ: SPWR) short interest fell to 10.3 million shares, or 19.7% of the company’s float. In the two-week short interest period to November 28, shares rose about 0.3% but are down about 19% year-to-date, after closing at $24.45 on Tuesday. The stock’s 52-week range is $23.19 to $42.07. Days to cover fell to three.
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SolarCity Corp. (NASDAQ: SCTY) saw a short interest slip by 6.4% to 17.38 million shares, or 30.8% of the company’s total float. Days to cover rose to eight. In the two-week short interest period, shares rose about 8%, but they are down about 10% year-to-date through Tuesday night’s close. The stock’s 52-week range is $45.79 to $88.35, and shares closed at $51.64.
Canadian Solar Inc. (NASDAQ: CSIQ) has seen a drop of 15.3% in short interest in the two-week period. Some 10.9% of the stock, 4.5 million shares, were short, but days to cover is just one. The company’s shares fell more than 5.5% over the two weeks and are down about 20% year-to-date. Shares closed Tuesday night at $24.15, in a 52-week range of $21.38 to $44.50.
FuelCell Energy Inc. (NASDAQ: FCEL) had a drop of 0.2% in short interest during the two-week period. About 14.4% of the company’s stock, or 33.32 million shares, was short and days to cover is 11. In the two-week short interest period, the shares dropped about 9.7%, but they remain about 19% higher year-to-date. The stock closed at $1.72 on Tuesday, in a 52-week range of $1.28 to $4.74.
Plug Power Inc. (NASDAQ: PLUG) saw short interest rise by 3.8% to 36.55 million shares. Days to cover is seven, and nearly 22% of the company’s shares were short. In two weeks to November 28, the stock’s share price fell nearly 6%, but shares are up for the year to date by a whopping 109%. The stock’s 52-week range is $1.55 to $11.72, and shares closed Tuesday at $3.28.
Clean Energy Fuels Corp. (NASDAQ: CLNE) saw a drop of 4.6% in short interest to 16.32 million shares. About 23.6% of the company’s shares were short and days to cover is 13. Shares fell more than 10% in the two-week period to and are down 62% for the year to date. Shares closed at $5.06 on Tuesday, in a 52-week range of $4.62 to $13.69.
Pacific Ethanol Inc. (NASDAQ: PEIX) saw short interest rise by 9.6% in the two-week period to 4.39 million shares, or about 19.3% of the company’s float. Days to cover is three. The stock price fell nearly 14% in the two weeks to November 28, and shares closed at $11.62 on Tuesday, in a 52-week range of $3.74 to $23.97. Year to date, though, Pacific Ethanol’s stock price is up about 120%.
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