Solar Stocks Short Interest: Anyone Care About Solar Stocks Any More? (CSIQ, FSLR, GTAT, WFR, SPWR, JASO, LDK, STP, TSL, YGE)

Energy

Published: September 26, 2012 8:20 am

Last Updated: January 23, 2014 11:04 am

We tracked the short interest in the following North American Solar companies: Canadian Solar Inc. (NASDAQ: CSIQ), First Solar Inc. (NASDAQ: FSLR), GT Advanced Technologies Inc. (NASDAQ: GTAT), MEMC Electronic Materials Inc. (NYSE: WFR) and Sunpower Corp. (NASDAQ: SPWR). In the Chinese solar sector we tracked the following short interest changes: JA Solar Holdings Co. Ltd. (NASDAQ: JASO), LDK Solar Co. Inc. (NYSE: LDK), Suntech Power Holdings Co. Ltd. (NYSE: STP), Trina Solar Ltd. (NYSE: TSL), and Yingli Green Energy Holding Co. Ltd. (NYSE: YGE).

For China-based firms, the percentage of shares short is not available because the companies are also listed on other exchanges.

Canadian Solar Inc. (NASDAQ: CSIQ) saw short interest fall 2.4% to 3.63 million shares, 12% of the company’s total float.

First Solar Inc. (NASDAQ: FSLR) short interest rose 1.1% to 29.63 million shares, which represents 49.3% of the company’s float.

GT Advanced Technologies Inc. (NASDAQ: GTAT) showed an increase of 2.8% in short interest, to 28.46 million shares, about 24.1% of the float.

MEMC Electronic Materials Inc. (NYSE: WFR) showed a drop of 4.6% in short interest, to 22.77 million shares, about 9.9% of MEMC’s float.

Sunpower Corp. (NASDAQ: SPWR) saw short interest fall 1.1% to 4.38 million shares, 11% of the company’s total float.

JA Solar Holdings Co. Ltd. (NASDAQ: JASO) showed a decrease of 7.6% in short interest, to 9.31 million shares.

LDK Solar Co. Inc. (NYSE: LDK) saw short interest drop 5.8% to 10 million shares.

Suntech Power Holdings Co. Ltd. (NYSE: STP) showed a rise of 1.1% in short interest, to 17.95 million shares.

Trina Solar Ltd. (NYSE: TSL) saw short interest fall 3.6% to 12.54 million shares.

Yingli Green Energy Holding Co. Ltd. (NYSE: YGE) showed a rise of 2.8% in short interest, to 6.5 million shares.

More solar makers saw short interest fall more than rise. That could indicate that solar stocks are pretty much as low as they can get. One exception might be LDK, which is teetering on the brink of bankruptcy. And look at the percentages of shares held short in First Solar and GT. How much worse can it get?

ALERT: Take This Retirement Quiz Now (Sponsored)

Take the quiz below to get matched with a financial advisor today.

Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.

Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future

Take the retirement quiz right here.