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Analysts Duel Over Solar Stocks (ASTI, CSUN, ENER, ESLR, FSLR, SFUN, STP, SPWRA, YGE)

247wallst — Fri, 21 Aug 2009 12:26:06 +0000

Jefferies has made some key downgrades in the solar sector this morning. There are few other calls that were upgrades from rival firms, but the downgrade seems to be more front and center as it was a sector call.

Ascent Solar (NASDAQ:ASTI) Cut to Underperform at Jefferies.
China Sunergy (NASDAQ:CSUN) Cut to Underperform at Jefferies.
Energy Conversion (NASDAQ:ENER) Cut to Underperform at Jefferies.
Evergreen Solar (NASDAQ: ESLR) Cut to Underperform at Jefferies.
First Solar (NASDAQ: FSLR) Cut to Hold at Jefferies.
SolarFun Power (NASDAQ: SFUN) Cut to Underperform at Jefferies.
SunPower (NASDAQ: SPWRA) Raised to Buy at Merriman Curhan Ford; Cut to Hold at Jefferies.
Suntech Power (NYSE: STP) Cut to Underperform at Jefferies; Cut to Neutral at Cowen.
Yingli Green Energy (NYSE: YGE) Raised to Overweight at HSBC.

JON C. OGG
AUGUST 21, 2009

Posted in Alternative Energy, Analyst Calls Tagged: ASTI, CSUN, ENER, ESLR, FSLR, SFUN, SPWRA, STP, YGE

Short Sellers Confused in Alternative Energy Bets (CSIQ, CPST, CLNE, ENER, ESLR, FSLR, FCEL, SOLR, JASO, LDK, SFUN, SPWRA, STP)

247wallst — Wed, 10 Jun 2009 14:03:20 +0000

We have seen the new short interest data out of the NASDAQ and NYSE for the end of May reports. There are many mixed bets in the alternative energy sector. While some of these are large bets on the surface, overall there was a very small change in the latest short interest data compared to months past.

COMPANY NAME (TICKER)……….. MAY 29… Change from May 15
Canadian Solar Inc. (CSIQ)…………2,549,840   -4.3%
Capstone Turbine Corp. (CPST)…… 17,568,058   +5.8%
Clean Energy Fuels Corp. (CLNE)….3,919,108   -0.1%
Energy Conversion Devices (ENER) 12,649,722 +3.7%
Evergreen Solar, Inc. (ESLR)………. 20,225,435 +0.5%
First Solar, Inc. (FSLR)……………… 6,995,776    -2.4%
FuelCell Energy, Inc. (FCEL)………. 5,861,532   +1.7%
GT Solar International (SOLR)……. 5,558,018   -9.7%
JA Solar Holdings, Co. (JASO)……. 6,652,651   +10.4%
LDK Solar Co. Inc. (LDK)…………… 13,719,877   +4.1%
Solarfun Power Holdings Co. (SFUN) 1,337,324 -7.1%
SunPower Corp. (SPWRA)……………. 13,885,421   +9.7%
Suntech Power Holdings Co. (STP)… 10,706,960 +8.1%

Usually you see a clear trend or direction in the alternative energy sector. That does not appear to be the case. As oil has risen steadily, the downside of betting against these may be to steep and managers telling their clients they bet against the rally after all the pain seen already is probably more than a tough sell.

JON C. OGG
JUNE 10, 2009

Posted in Alternative Energy, Green Biz, Short Interest Tagged: CLNE, CPST, CSIQ, ENER, ESLR, FCEL, FSLR, JASO, LDK, SFUN, SOLR, SPWRA, STP

Short Sellers Double Down Against Green & Alternative Energy (CSIQ, CPST, CLNE, ENER, ESLR, FSLR, FCEL, SOLR, JASO, LDK, SFUN, SPWRA, STP)

247wallst — Wed, 25 Mar 2009 13:16:48 +0000

There was what appears to be a massive increase in short selling for the period report ending March 13, 2009. The short selling increases in companies like First Solar, Inc. (NASDAQ: FSLR), Suntech Power Holdings Co. (NYSE: STP), SunPower Corp. (SPWRA) and others were well into double digits. Of our main go-to alternative or green stocks we cover, only one of them saw a decrease in short selling.

COMPANY NAME (TICKER)……….. MARCH 13.. Change
Canadian Solar Inc. (CSIQ)………… 3,506,879 -2.35%
Capstone Turbine Corp. (CPST)…… 16,385,245 +2.68%
Clean Energy Fuels Corp. (CLNE)…. 4,204,801 +0.5%
Energy Conversion Devices (ENER) 14,117,686 +4.5%
Evergreen Solar, Inc. (ESLR)………. 23,355,600 +6.7%
First Solar, Inc. (FSLR)………………. 10,918,475 +32.1%
FuelCell Energy, Inc. (FCEL)……….. 6,918,766 +11.6%
GT Solar International (SOLR)…….. 2,043,429 +9.8%
JA Solar Holdings, Co. (JASO)…….. 7,233,429 +14.4%
LDK Solar Co. Inc. (LDK)……………. 11,831,376 +3.2%
Solarfun Power Holdings Co. (SFUN) 2,660,846 +11.3%
SunPower Corp. (SPWRA)……………. 9,483,348 +12.8%
Suntech Power Holdings Co. (STP)… 9,955,282 +28.2%

JON C. OGG
March 25, 2009

Posted in Alternative Energy, Green Biz, Short Interest Tagged: CLNE, CPST, CSIQ, ENER, ESLR, FCEL, FSLR, JASO, LDK, SFUN, SOLR, SPWRA, STP

Short Sellers Active In Green Energy Stocks (CSIQ, CPST, CLNE, ENER, ESLR, FSLR, FCEL, SOLR, JASO, LDK, SFUN, SPWRA, STP)

247wallst — Thu, 26 Feb 2009 12:59:12 +0000

There were some really large increases in the short interest from alternative energy companies such as Energy Conversion Devices (NASDAQ: ENER), JA Solar Holdings (NASDAQ: JASO), and LDK Solar Co. Inc. (NYSE: LDK). What is interesting is that First Solar, Inc. (NASDAQ: FSLR) posted disappointing earnings, yet the short interest actually decreased there.

Below is the full table of our more active stocks in green energy, alternative energy, and renewables:

Stock (Ticker)                         Feb. 13       Jan. 30    Change
Canadian Solar Inc. (CSIQ)      3,149,094     2,953,480    +6.6%
Capstone Turbine Corp. (CPST)        16,192,240     16,249,624   -0.4%
Clean Energy Fuels Corp. (CLNE) 4,031,978     4,185,476    -3.7%
Energy Conversion Devices (ENER) 12,828,636    11,286,350   +13.7%
Evergreen Solar, Inc. (ESLR)       21,115,097    21,790,736   -3.1%
First Solar, Inc.    (FSLR)          7,474,748     7,658,763    -2.4%
FuelCell Energy, Inc. (FCEL)    6,120,485     5,935,186    +3.1%
GT Solar International (SOLR)       1,735,722     1,783,206    -2.7%
JA Solar Holdings, Co. (JASO)       7,958,916    6,872,085    +15.8%
LDK Solar Co. Inc. (LDK)     10,609,242    9,528,951    +11.3%
Solarfun Power Holdings Co. (SFUN) 2,187,876     2,204,721    -0.8%
SunPower Corp. (A) (SPWRA)       9,350,502     9,374,510    -0.3%
Suntech Power Holdings Co. (STP)      7,943,792     7,979,744    -0.5%

Jon C. Ogg
February 26, 2009

Posted in Alternative Energy, Green Biz, Short Interest, Trading Alert Tagged: CLNE, CPST, CSIQ, ENER, ESLR, FCEL, FSLR, JASO, LDK, SFUN, SOLR, SPWRA, STP

Alternative Energy Short Selling Decreases (CSIQ, CPST, CLNE, ENER, ESLR, FSLR, FCEL, SOLR, HOKU, JASO, SFUN, SPWRA, SPWRB)

247wallst — Tue, 13 Jan 2009 14:20:47 +0000

Short selling is not always just used as a bet against a stock, but that is what Wall Street evaluates short interest for. We did note a drop in short selling on NASDAQ from mid-December to December 31. But it is odd that short selling in alternative energy stocks has come down too. this is despite how weak some of the alternative energy stocks have been and how the industry is being gutted by sudden cheap energy prices again.

Stock (Ticker)                                  Dec. 31    Dec. 15    Change
Canadian Solar Inc. (CSIQ)             2,221,041 2,535,153 -12.39%
Capstone Turbine Corp. (CPST)       15,238,501 15,982,879 -4.66%
Clean Energy Fuels Corp. (CLNE)    3,766,746 3,363,349 +11.99%
Energy Conversion Devices (ENER) 10,903,594 11,784,508 -7.48%
Evergreen Solar, Inc. (ESLR)          23,030,783 24,041,949 -4.21%
First Solar, Inc. (FSLR)                7,586,475    7,725,457 -1.80%
FuelCell Energy, Inc. (FCEL)          5,844,014    6,821,520 -14.33%
GT Solar International (SOLR)          2,588,190    2,585,455 +0.11%
Hoku Scientific, Inc. (HOKU)          1,912,737    2,012,192 -4.94%
JA Solar Holdings, Co. (JASO)       14,182,231 15,976,615 -11.23%
Solarfun Power Holdings Co. (SFUN) 3,027,631    3,948,622 -23.32%
SunPower Corp. (A) (SPWRA)          9,418,472    9,619,152 -2.09%
SunPower Corp. (B) (SPWRB)          2,521,597    2,618,116 -3.69%

Jon C. Ogg
January 13, 2009

Posted in Alternative Energy, Short Interest Tagged: CLNE, CPST, CSIQ, ENER, ESLR, FCEL, FSLR, HOKU, JASO, SFUN, SOLR, SPWRA, SPWRB

Short Seller Surprise, Alternative Energy Mixed Bag (CSIQ, CPST, CLNE, ENER, ESLR, FSLR, FCEL, SOLR, HOKU, JASO, SFUN, SPWRA, SPWRB)

247wallst — Wed, 10 Dec 2008 10:35:03 +0000

With oil tanking, many alternative energy stocks and solar stocks have been paying for it. They were the leveraged winners when oil was running up and now they are paying the price on the way down. You will see some major increases in the short selling in some of the key stocks, but it is amazing just how mixed the bets are with some seeing real drops in the short interest. Maybe the notion is out that with suddenly super-low P/E ratios and with many off 75% or more that the worst is behind:

Stock (Ticker)                                     NOV. 28    NOV. 14 CHANGE
Canadian Solar Inc. (CSIQ)                2,427,370 3,368,857 -27.95%
Capstone Turbine Corp. (CPST)          17,560,127 18,493,021 -5.04%
Clean Energy Fuels Corp. (CLNE)       3,410,178 3,278,222 +4.03%
Energy Conversion Devices (ENER)    12,318,601 11,092,675 +11.05%
Evergreen Solar, Inc. (ESLR)             24,902,180 25,732,337 -3.23%
First Solar, Inc. (FSLR)                   9,307,012 7,074,475 +31.56%
FuelCell Energy, Inc. (FCEL)                9,091,358 9,447,180 -3.77%
GT Solar International (SOLR)             2,614,025 2,092,142 +24.94%
Hoku Scientific, Inc. (HOKU)                2,040,200 2,442,894 -16.48%
JA Solar Holdings, Co. (JASO)          18,283,207 16,661,472 +9.73%
Solarfun Power Holdings Co. (SFUN)    5,003,987 5,249,784 -4.68%
SunPower Corp. (A) (SPWRA)          11,114,809 12,210,305 -8.97%
SunPower Corp. (B) (SPWRB)             3,230,046 1,990,460 +62.28%

Jon C. Ogg
December 10, 2008

Posted in Alternative Energy, Short Interest Tagged: CLNE, CPST, CSIQ, ENER, ESLR, FCEL, FSLR, HOKU, JASO, SFUN, SOLR, SPWRA, SPWRB