Energy
Short Sellers Stay Away From Solar Stocks, Add to Alt Energy Positions
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First Solar Inc. (NASDAQ: FSLR) saw short interest decrease by 3.2% to 5.89 million shares, which represents 8% of the company’s float. Days to cover slipped from four to three. In the two-week short interest period through September 30, shares dropped about 7.5%. The stock’s 52-week range is $39.18 to $65.50, and it closed at $51.20 on Friday, up about 0.2% for the day.
SunEdison Inc. (NYSE: SUNE) showed a slight decrease of 0.5% in short interest, to 93.38 million shares. About 29.9% of the company’s float was short, and days to cover remained unchanged at three. In the latest short interest reporting period, the share price plunged more than 32%. The stock closed at $9.25 Friday night, up about 1% for the day, in a 52-week range of $6.56 to $33.45. The low was set on September 29. The stock has been bludgeoned by investor concerns over acquisitions and the ability of the company’s yieldcos to contribute to profits.
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SunPower Corp. (NASDAQ: SPWR) short interest fell by 3.8% to 6.11 million shares, or 10.7% of the company’s float. In the two-week short interest period to September 30th, the share price declined by nearly 12%. The stock’s 52-week range is $18.25 to $35.11 and it closed at $24.98 on Friday, down about 1% for the day. Days to cover slipped from 6 to 5.
SolarCity Corp. (NASDAQ: SCTY) saw a short interest slip by just 0.5% to 27.1 million shares, or 45.2% of the company’s total float. Days to cover slid from 16 to 14. In the two-week short interest period, the share price fell by just over 11%. The stock’s 52-week range is $34.65 to $63.79, and shares closed at $48.94 Friday night, up about 3.9% for the day.
Canadian Solar Inc. (NASDAQ: CSIQ) saw a jump of 24.9% in short interest in the two-week period to September 30. Some 16.1% of the total float, 6.86 million shares, were short, and days to cover slipped from four to three. The company’s shares fell more than 11% over the period. Shares closed Friday at $21.12, up about 2.5% for the day, in a 52-week range of $14.16 to $40.08.
FuelCell Energy Inc. (NASDAQ: FCEL) had a drop of 0.6% in short interest during the two-week period. About 16.7% of the company’s float, 42.49 million shares, was short, and days to cover fell from 23 to 19. In the short interest period, the shares dropped about 20.1%. The stock closed at $0.92 on Friday, up about 0.8% for the day, in a 52-week range of $0.64 to $2.30.
Plug Power Inc. (NASDAQ: PLUG) saw short interest increase by 3.4% to 35.25 million shares. Days to cover fell from 19 to eight, and about 20.5% of the company’s shares were short. In the final two weeks of September, the stock’s share price rose by nearly 9%. The stock’s 52-week range is $1.56 to $5.48, and shares closed Friday at $2.32, up nearly 6% for the day.
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Clean Energy Fuels Corp. (NASDAQ: CLNE) saw a rise of 9.9% in short interest to 19.85 million shares. About 27.9% of the company’s float was short, and days to cover slipped from 14 to 13. Shares jumped nearly 10% in the two-week period. The stock closed at $5.78, down almost 9%, on Friday, in a 52-week range of $3.73 to $10.48.
Pacific Ethanol Inc. (NASDAQ: PEIX) saw short interest rise by 5.5% in the two-week period to 3.29 million shares, about 8.1% of the company’s float. Days to cover rose from three to five. The stock price fell by less than 1% in the two weeks to September 30. The stock closed at $7.05 on Friday, down about 1.3% on the day, in a 52-week range of $6.11 to $15.57.
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