Energy
Solar, Alt Energy Stocks Short Interest Rises on Falling Oil Prices
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First Solar Inc. (NASDAQ: FSLR) saw short interest rise by 5.8% to 8.94 million shares, which represents 12.2% of the company’s float. Days to cover remained at four. In the two-week short interest period, shares fell more than 19% but they remain down about 20% year-to-date through Wednesday’s close at $43.67. The stock’s 52-week range is $40.54 to $74.84.
SunEdison Inc. (NYSE: SUNE) showed an increase of 1.6% in short interest to 71.82 million shares. About 26.7% of the company’s stock is now short and days to cover rose to six. In the latest two-week short interest reporting period, shares fell nearly 21%. They are up nearly 50% year-to-date through Wednesday’s close at $19.50, in a 52-week range of $12.78 to $24.35.
SunPower Corp. (NASDAQ: SPWR) short interest rose 3.7% to 10.68 million shares, or 20.4% of the company’s float. In the two-week short interest period to December 15, shares fell nearly 21% and are down nearly 13% year-to-date, after closing at $26.01 on Wednesday. The stock’s 52-week range is $22.75 to $42.07. Days to cover fell to three.
SolarCity Corp. (NASDAQ: SCTY) saw a short interest rise by 7.2% to 18.64 million shares, 32.9% of the company’s total float. Days to cover remained unchanged at eight. In the two-week short interest period, shares slipped about 12%, but they are down just 0.1% year-to-date through Wednesday’s close. The stock’s 52-week range is $45.79 to $88.35, and shares closed at $56.76.
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Canadian Solar Inc. (NASDAQ: CSIQ) saw a rise of 9.5% in short interest in the two-week period to December 15. Some 11.9% of the stock, 4.93 million shares, are short, but days to cover remained unchanged at one. The company’s shares fell nearly 19% over the two weeks and are down about 23.5% year-to-date. Shares closed Wednesday at $22.82, in a 52-week range of $20.64 to $44.50.
FuelCell Energy Inc. (NASDAQ: FCEL) had a rise of 2.4% in short interest during the two-week period. About 14.8% of the company’s stock, 34.12 million shares, is short, and days to cover fell to nine. In the two-week short interest period, the shares dropped about 13%, but they remain nearly 16% higher year-to-date. The stock closed at $1.63 on Wednesday, in a 52-week range of $1.30 to $4.74.
Plug Power Inc. (NASDAQ: PLUG) saw short interest fall by 3.1% to 35.41 million shares. Days to cover fell to five and about 21% of the company’s shares are short. In the first two weeks of December, the stock’s share price fell about 30%, but shares are up for the year to date by nearly 97%. The stock’s 52-week range is $1.55 to $11.72, and shares closed Wednesday at $3.05.
Clean Energy Fuels Corp. (NASDAQ: CLNE) saw a rise of 1.6% in short interest to 16.58 million shares. About 24% of the company’s shares are short and days to cover fell to eight. Shares fell about 30% in the two-week period and are down about 59% for the year to date. Shares closed at $5.25, in a 52-week range of $4.25 to $13.44.
Pacific Ethanol Inc. (NASDAQ: PEIX) saw short interest rise by 8.2% in the two-week period to 4.75 million shares, about 20.8% of the company’s float. Days to cover remained unchanged at three. The stock price fell nearly 30% in the two weeks to December 15, and shares closed at $11.15 on Wednesday, in a 52-week range of $4.42 to $23.97. Year to date, though, Pacific Ethanol’s stock price is up about 120%.
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