Investing
Short Sellers Seek Direction in Solar, Alt Energy Stocks
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For the two-week period, share prices for nearly all the stocks were down from around 3% to 12%. All the alternative fuel stocks posted a two-week share price decline and just one of the solar stocks rose (a modest 0.8%) during the period.
First Solar Inc. (NASDAQ: FSLR) saw short interest increase by 7.7% to 6.22 million shares, which represents 8.4% of the company’s float. Days to cover remained unchanged at three. In the two-week short interest period through June 30, shares dropped more than 7%. The stock’s 52-week range is $39.18 to $73.78, and it closed at $44.03 on Friday, up about 0.9% for the day.
SunEdison Inc. (NYSE: SUNE) showed an increase of 0.5% in short interest, to 69.84 million shares. About 25.7% of the company’s float is now short, and days to cover fell from nine to seven. In the latest two-week short interest reporting period, the share price rose 0.8%. The stock closed at $30.41 Friday night, up 4.1% for the day, in a 52-week range of $13.09 to $32.66.
SunPower Corp. (NASDAQ: SPWR) short interest fell by 11.3% to 6.61 million shares, or 12.3% of the company’s float. In the two-week short interest period, shares declined more than 11%. The stock’s 52-week range is $22.75 to $39.95, and it closed at $26.29 on Friday, up about 1.2% for the day. Days to cover remained unchanged at six.
ALSO READ: The 6 Most Shorted Nasdaq Stocks in June
SolarCity Corp. (NASDAQ: SCTY) saw a short interest rise of 2.9% to 22.75 million shares, which is 38.8% of the company’s total float. Days to cover rose from 11 to 12. In the two-week short interest period, the share price fell by almost 3%. The stock’s 52-week range is $45.91 to $79.40, and shares closed at $53.00 Friday night, up nearly 2% for the day.
Canadian Solar Inc. (NASDAQ: CSIQ) saw a drop of 23.2% in short interest in the two-week period to June 30. Some 6.3% of the total float, 3.5 million shares, were short, and days to cover slipped from two to one. The company’s shares fell nearly 13% during the period. Shares closed Friday night at $25.83, up about 0.7% for the day, in a 52-week range of $18.68 to $41.12.
FuelCell Energy Inc. (NASDAQ: FCEL) had a rise of 2.2% in short interest during the period. About 15% of the company’s float, 38.2 million shares, is short and days to cover fell from 14 to nine. In the short interest period, the shares dropped more than 12%. The stock closed at $0.88 on Friday, down about 1.8% for the day, in a 52-week range of $0.86 to $2.84.
Plug Power Inc. (NASDAQ: PLUG) saw short interest slide by 2% to 31.06 million shares. Days to cover remained unchanged at 15, and about 18.1% of the company’s shares were short. In the two weeks to June 30, the stock’s share price dropped by more than 11%. The stock’s 52-week range is $2.17 to $6.47, and shares closed Friday at $2.28, down about 2.2% for the day.
ALSO READ: The 6 Most Shorted NYSE Stocks in June
Clean Energy Fuels Corp. (NASDAQ: CLNE) saw a drop of 7.5% in short interest to 16.28 million shares. About 23.1% of the company’s float was short, and days to cover fell from 15 to 10. Shares dropped more than 11% in the two-week period to June 30. The stock closed at $6.83, down 1.9%, on Friday in a 52-week range of $3.99 to $10.94.
Pacific Ethanol Inc. (NASDAQ: PEIX) saw short interest rise by 0.4% in the two-week period to 4.89 million shares, about 21.7% of the company’s float. Days to cover fell from seven to five. The stock price fell 5.7% in the two weeks to June 30. The stock closed at $9.35 on Friday, down 3.8% on the day, in a 52-week range of $7.51 to $23.97.
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