Energy
Short Sellers Look for Direction in Solar, Alt Energy Stocks
Published:
Last Updated:
Short interest moves among solar and alternative energy stocks were mixed during the two-week reporting period that ended on April 13. Of the companies we watch, short interest fell on two of three solar stocks and fell on two of four alternative energy stocks.
First Solar Inc. (NASDAQ: FSLR) saw short interest increase by 5.1% to 4.2 million shares, which represents about 5.8% of the company’s float. Days to cover rose from two to four. In the two-week short interest period, the stock’s share price rose by about 1%. Its 52-week range is $27.41 to $78.95, and it closed at $74.07 on Tuesday, down about 0.4% for the day.
SunPower Corp. (NASDAQ: SPWR) short interest decreased by 0.4% to 15.88 million shares, or 26.7% of the company’s float. In the two weeks to April 13, the share price rose by 5.4%. The stock’s 52-week range is $6.46 to $11.70, and it closed at $8.93 on Tuesday, down about 0.2% for the day. Days to cover rose from six to nine.
Canadian Solar Inc. (NASDAQ: CSIQ) saw a decrease of 0.3% in short interest during the two weeks. Some 4% of the total float, or 1.79 million shares, were short, and days to cover rose from two to three. The company’s share price rose by about 0.9% over the period, and shares closed Tuesday at $15.36, down about 1% for the day, in a 52-week range of $12.07 to $19.09.
FuelCell Energy Inc. (NASDAQ: FCEL) posted an increase of 3.3% in short interest during the short interest period. Some 7.88 million shares were short as of April 13. The stock closed at $1.95 on Tuesday, down about 1.5% for the day, in a 52-week range of $0.80 to $2.49. Shares traded up nearly 17% in the between the settlement dates, and days to cover fell from 12 to six.
Plug Power Inc. (NASDAQ: PLUG) saw short interest dip by 0.2% to 34.48 million shares. Days to cover rose from nine to 10, and about 15.3% of the company’s shares were short. In the two weeks to April 13, the share price rose by about 1.6%. The stock’s 52-week range is $1.53 to $3.21, and shares closed Tuesday at $1.86, down about 2.1% for the day.
Clean Energy Fuels Corp. (NASDAQ: CLNE) saw a drop of about 6.5% in short interest to 4.49 million shares. About 3.3% of the company’s float was short, and days to cover rose from three to six. The share price rose by 1.5% in the two-week period. The stock closed at $1.58 on Tuesday, up about 0.6% for the day, in a 52-week range of $1.31 to $3.05.
Pacific Ethanol Inc. (NASDAQ: PEIX) saw short interest rise by 21.7% in the period to 2.17 million shares, about 5.1% of the company’s float. Days to cover rose from three to five. The stock price fell by about 9% in the two weeks to April 13. Shares closed at $3.50 on Tuesday, up about 6.1% on the day, in a 52-week range of $2.75 to $7.50.
If you’re like many Americans and keep your money ‘safe’ in a checking or savings account, think again. The average yield on a savings account is a paltry .4% today, and inflation is much higher. Checking accounts are even worse.
Every day you don’t move to a high-yield savings account that beats inflation, you lose more and more value.
But there is good news. To win qualified customers, some accounts are paying 9-10x this national average. That’s an incredible way to keep your money safe, and get paid at the same time. Our top pick for high yield savings accounts includes other one time cash bonuses, and is FDIC insured.
Click here to see how much more you could be earning on your savings today. It takes just a few minutes and your money could be working for you.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.