S&P 500
7,507.80
-0.22%
Dow Jones
51,595.40
-0.32%
Nasdaq 100
30,411.80
-0.23%
Russell 2000
2,975.48
-0.09%
FTSE 100
10,384.80
-0.34%
Nikkei 225
71,987.20
+0.02%

Energy

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

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published

Solar_panel_picMany 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

Follow 24/7 Wall St. on Google
Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Continue Reading

Douglas A. McIntyre |

Short Seller Changes in Alternative Energy (CSIQ, CPST, CLNE, ESLR, FSLR, FTEK, FCEL, HOKU, LDK, SPWR)

Many traders and short sellers have loved targeting solar power and other alternative energy stocks.  What is interesting is that…

Douglas A. McIntyre |

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

With oil tanking, many alternative energy stocks and solar stocks have been paying for it.  They were the leveraged winners…

Douglas A. McIntyre |

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

Short selling is not always just used as a bet against a stock, but that is what Wall Street evaluates…

Douglas A. McIntyre |

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

We have seen the new short interest data out of the NASDAQ and NYSE for the end of May reports. …

Jon C. Ogg |

Oil Drop’s Real Losers: Alternative Energy Stocks (TAN, PBW, LDK, ESLR, JASO, CSIQ, AKNS, HOKU, ZOLT, FCEL, CPST, AMSC)

Oil has fallen off the proverbial cliff into the roll date and as the concerns that the eurozone’s weakness is…

Douglas A. McIntyre |

The Business Day In Global Warming (XEL, FTEK, AIG, SYNM, AKNS, USBE, DASTY, CLNE, DSTI, FSLR, HOKU, PBW, GEX)

Xcel Energy’s (NYSE:XEL) 345-kilovolt transmission line along with two major 115 kV lines will deliver the power into the Minnesota…

Douglas A. McIntyre |

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

There were some really large increases in the short interest from alternative energy companies such as Energy Conversion Devices (NASDAQ:…

Douglas A. McIntyre |

Both Sides of the Coin: Hoku Scientific, Inc. (HOKU)

Hoku Scientific, Inc. (HOKU-NASDAQ) has been a stock on a mission as shares have more than doubled in the last…

Douglas A. McIntyre |

Short Sellers Targeting Solar & Alternative Energy (AKNS, ASTI, CSIQ, CPST, ESLR, FTEK, OTTR, SPWR)

The overall short interest on NASDAQ stocks was actually pretty dull from the end of April to Mid-May, or at…

Top Gaining Stocks

CarMax
KMX • Vol: 7,330,419
Corning
GLW • Vol: 22,800,969
Intel
INTC • Vol: 233,719,006
Super Micro Computer
SMCI • Vol: 68,465,534
Enphase Energy
ENPH • Vol: 13,978,376

Top Losing Stocks

Accenture
ACN • Vol: 41,744,333
EPAM Systems
EPAM • Vol: 5,636,587
Cognizant
CTSH • Vol: 61,311,400
Coterra Energy
CTRA • Vol: 73,319,495
Kroger
KR • Vol: 26,704,230