Energy
Short Sellers Add to Positions in Solar, Alt Energy Stocks
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For the two-week period share prices for all the solar stocks were down from around 1% to 12%. Just one of the alternative fuel stocks posted a 2-week share price increase and two posted new 52-week lows last Friday.
First Solar Inc. (NASDAQ: FSLR) saw short interest increase by 14% to 7.09 million shares, which represents 9.6% of the company’s float. Days to cover remained unchanged at 3. In the two-week short interest period through July 15th, shares dropped more than 7%. The stock’s 52-week range is $39.18 to $73.78 and it closed at $42.97 on Friday up about 0.5% for the day.
SunEdison Inc. (NYSE: SUNE) showed a decrease of 0.3% in short interest, to 69.64 million shares. About 25.6% of the company’s float is now short and days to cover rose from 7 to 8. In the latest two-week short interest reporting period, the share price slipped about 1%. The stock closed at $26.07 Friday night, down about 0.9% for the day, in a 52-week range of $13.09 to $33.45.
Sunpower Corp. (NASDAQ: SPWR) short interest fell by 8.4% to 6.05 million shares, or 11.2% of the company’s float. In the two-week short interest period to July 15th, share prices declined nearly 10%. The stock’s 52-week range is $22.75 to $39.95 and it closed at $25.45 on Friday, down 0.7% for the day. Days to cover fell from 6 to 3.
SolarCity Corp. (NASDAQ: SCTY) saw a short interest rise of 2.1% to 23.23 million shares, 39.6% of the company’s total float. Days to cover rose from 12 to 13. In the two-week short interest period, the share price fell by almost 6%. The stock’s 52-week range is $45.91 to $79.40, and shares closed at $54.62 Friday night, up about 1.8% for the day.
Canadian Solar Inc. (NASDAQ: CSIQ) saw a rise of 1.2% in short interest in the two-week period to July 15th. Some 6.4% of the total float, 2.72 million shares, are short, and days to cover remained unchanged at 1. The company’s shares fell nearly 12% over the two-week period. Shares closed Friday night at $25.25, down about 1.6% for the day, in a 52-week range of $18.68 to $41.12.
FuelCell Energy Inc. (NASDAQ: FCEL) had a rise of 9.5% in short interest during the two-week period. About 16.4% of the company’s float, 41.82 million shares, is short and days to cover rose from 9 to 16. In the two-week short interest period the shares dropped nearly 12%. The stock closed at $0.839 on Friday, down about 3.6% for the day, in a 52-week range of $0.82 to $2.84. The low was posted Friday.
Plug Power Inc. (NASDAQ: PLUG) saw short interest increase by 7.1% to 33.26 million shares. Days to cover fell from 15 to 9 and about 19.3% of the company’s shares are short. In the two weeks to July 15th, the stock’s share price dropped by about 11%. The stock’s 52-week range is $2.17 to $6.47 and shares closed Friday at $2.38, down about 2.1% for the day.
Clean Energy Fuels Corp. (NASDAQ: CLNE) saw a rise of 0.7% in short interest to 16.39 million shares. About 23.3% of the company’s float is short and days to cover fell from 10 to 8. Shares added about 2.7% in the two-week period to July 15th. The stock closed at $5.63, down 2.6%, on Friday in a 52-week range of $3.99 to $10.48.
Pacific Ethanol Inc. (NASDAQ: PEIX) saw short interest fall by 2.1% in the two-week period to 4.79 million shares, about 21.2% of the company’s float. Days to cover rose from 5 to 6. The stock price fell more than 8% in the two weeks to July 15th. The stock closed at $7.33 on Friday, down about 4.7% on the day, in a 52-week range of $7.11 to $23.97. The low was posted Friday.
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