Short Sellers Losing Conviction in Alternative Energy (CSIQ, CPST, CLNE, ESLR, FSLR, FTEK, FCEL, HOKU, LDK, SPWR, STP)

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Many traders and short sellers have loved targeting solar power and other alternative energy stocks.  Interestingly, bets against these companies have not risen dramatically even though many of them are under pressure from falling energy and commodities prices.  As you will see below, there was only one company with a significant rise in short interest.

Alternative Energy                          SEPT 15      AUG 29      Change
Canadian Solar Inc. (CSIQ)            4,731,677    4,792,383    -1.27%
Capstone Turbine Corp. (CPST)    28,332,291   26,868,541     5.45%
Clean Energy Fuels Corp. (CLNE)  4,871,814    3,157,778     54.28%
Evergreen Solar, Inc. (ESLR)        30,308,874   29,577,222     2.47%
First Solar, Inc. (FSLR)                 3,966,956    4,118,065    -3.67%
Fuel Tech, Inc. (FTEK)                 9,302,674     8,967,558     3.74%
FuelCell Energy, Inc. (FCEL)       13,205,000   13,231,020    -0.20%
Hoku Scientific, Inc. (HOKU)         3,363,737    3,408,545    -1.31%
LDK Solar Co. Inc. (LDK)            11,752,249   12,810,785    -8.26%
SunPower Corporation (SPWR)   18,335,432   18,696,656    -1.93%
Suntech Power Holdings (STP)    12,782,938   12,693,121     0.71%

Jon C. Ogg
September 25, 2008

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