Short interest moves among solar and alternative energy stocks were mixed during the two-week reporting period that ended on June 15. Â Of the companies we watch, short interest fell on all three solar stocks and two alt energy stocks, while rising on two other alt energy stocks.
First Solar Inc. (NASDAQ: FSLR) saw short interest decrease by 4.4% to 13.21 million shares, which represents about 17.2% of the company’s float. Days to cover rose from four to six. In the two-week short interest period, the stock’s share price shed about 9.5%. Its 52-week range is $25.56 to $49.50, and it closed at $40.17 on Monday, up about 1.1% for the day.
SunPower Corp. (NASDAQ: SPWR) short interest decreased by 0.5% to 19 million shares, or 32.2% of the company’s float. In the two-week period to June 15, the share price fell by 6.9%. The stock’s 52-week range is $5.84 to $16.41, and it closed at $9.05 on Monday, down 1.2% for the day. Days to cover rose from seven to 11.
Canadian Solar Inc. (NASDAQ: CSIQ) saw a drop of 3.3% in short interest during the two-week period. Some 16.8% of the total float, or 7.43 million shares, were short, and days to cover remained unchanged at six. The company’s share price dipped by 6.6% over the period, and shares closed Monday at $15.62, down about 1% for the day, in a 52-week range of $10.25 to $16.16.
FuelCell Energy Inc. (NASDAQ: FCEL) posted a decrease of 7.1% in short interest during the period. Some 7.16 million shares were short as of June 15. The stock closed at $1.30 on Monday, up 8.3% for the day, in a 52-week range of $0.80 to $6.44. Shares jumped 14% in the short interest period, and days to cover rose from seven to eight.
Plug Power Inc. (NASDAQ: PLUG) saw short interest rise by 2.9% to 37.24 million shares. Days to cover remained unchanged at six, and about 16.8% of the company’s shares are short. In the two weeks to June 15, the share price rose by nearly 11%. The stock’s 52-week range is $0.83 to $2.70, and shares closed Monday at $2.18, down about 3.1% for the day.
Clean Energy Fuels Corp. (NASDAQ: CLNE) saw an increase of about 3.3% in short interest to 8.35 million shares. About 6.5% of the company’s float was short, and days to cover remained unchanged at eight. The share price rose by about 8.2% in the first two weeks of this month. The stock closed at $2.57 on Monday, up about 3.2%, in a 52-week range of $2.18 to $4.80.
Pacific Ethanol Inc. (NASDAQ: PEIX) saw short interest drop by 10% in the two-week period to 1.17 million shares, about 2.9% of the company’s float. Days to cover remained unchanged at two. The stock price added less than 1% in the two weeks. Shares closed at $6.20 on Monday, up about 3.3% on the day, in a 52-week range of $4.64 to $10.95.
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