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Energy

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

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By Douglas A. McIntyre Updated Published
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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

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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.

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