Energy

Short Sellers Heading for the Sidelines on Solar, Alt Energy Stocks?

Alternative Energy sources
thinkstock
Short interest moves among solar and alternative energy stocks were mixed again during the two-week reporting period that ended on September 15. In the solar sector, two of the five companies we watch saw short interest rise, and two of four alt energy stocks also saw a rise in short interest during the period.

A couple of the stocks saw major increases in the days to cover, and by far the majority experienced an increase in that number. That could indicate that investors, including short sellers, are staying on the sidelines while energy prices remain so volatile.

First Solar Inc. (NASDAQ: FSLR) saw short interest decrease by 3% to 6.08 million shares, which represents 8.2% of the company’s float. Days to cover rose from three to four. In the two-week short interest period, shares dropped about 2.5%. The stock’s 52-week range is $39.18 to $68.07, and it closed at $43.64 on Thursday, up about 0.6% for the day.

SunEdison Inc. (NYSE: SUNE) showed an increase of 3.9% in short interest, to 93.88 million shares. About 30.1% of the company’s float is now short and days to cover rose from two to three. In the latest two-week short interest reporting period, the share price added more than 9%, after dropping more than 30% in the prior two weeks. The stock closed at $9.07 Thursday night, down about 2.6% for the day, in a 52-week range of $8.10 to $33.45.

SunPower Corp. (NASDAQ: SPWR) short interest fell by 8.5% to 6.35 million shares, or 11.1% of the company’s float. In the two-week short interest period to September 15, the share price declined by about 3.6%. The stock’s 52-week range is $18.25 to $36.17, and it closed at $21.33 on Thursday, down about 1.3% for the day. Days to cover rose from four to six.

ALSO READ: The 6 Most Shorted Nasdaq Stocks

SolarCity Corp. (NASDAQ: SCTY) saw a short interest decline 4.4% to 27.24 million shares, 45.4% of the company’s total float. Days to cover rose from six to 16. In the short interest period, the share price rose by about 2%. The stock’s 52-week range is $34.65 to $63.79, and shares closed at $42.99 Thursday night, down about 1.8% for the day.

Canadian Solar Inc. (NASDAQ: CSIQ) saw a drop of 6.4% in short interest in the two weeks to September 15. Some 12.9% of the total float, 5.49 million shares, were short, and days to cover rose from one to four. The company’s shares rose about 1.6% over the period. Shares closed Thursday at $17.18, up about 0.1% for the day, in a 52-week range of $14.16 to $40.08.

FuelCell Energy Inc. (NASDAQ: FCEL) had a drop of 1% in short interest during the two-week period. About 16.7% of the company’s float, 42.73 million shares, was short and days to cover fell from 31 to 23. In the short interest period, the shares added about 14.3%. The stock closed at $0.73 on Thursday, down about 4.8% for the day, in a 52-week range of $0.64 to $2.30.

Plug Power Inc. (NASDAQ: PLUG) saw short interest increase by 0.4% to 34.11 million shares. Days to cover rose from eight to 19, and about 19.8% of the company’s shares were short. In the two weeks to September 15, the stock’s share price fell by about 4%. The stock’s 52-week range is $1.56 to $5.48, and shares closed Thursday at $2.07, up about 1% for the day.

ALSO READ: The 6 Most Shorted NYSE Stocks

Clean Energy Fuels Corp. (NASDAQ: CLNE) saw a decline of 3% in short interest to 18.06 million shares. About 25.4% of the company’s float was short and days to cover rose from 11 to 14. Shares dropped by about 16% in the first two weeks of September. The stock closed at $5.03, up about 0.8%, on Thursday, in a 52-week range of $3.73 to $10.48.

Pacific Ethanol Inc. (NASDAQ: PEIX) saw short interest rise by 2.6% in the two-week period to 3.12 million shares, about 7.7% of the company’s float. Days to cover remained unchanged at three. The stock price fell by about 3.6% in the period. The stock closed at $6.84 on Thursday, down about 1% on the day, in a 52-week range of $6.11 to $15.83.

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.

AI Portfolio

Discover Our Top AI Stocks

Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.

You can follow him investing $500,000 of his own money on our top AI stocks for free.