Energy Business

Short Interest in Solar Energy Companies Falls

Solar rooftop installation
Source: Thinkstock
We have tracked the short interest in the following North American Solar companies as of July 31: Canadian Solar Inc. (NASDAQ: CSIQ) First Solar Inc. (NASDAQ: FSLR), GT Advanced Technologies Inc. (NASDAQ: GTAT), SunEdison Inc. (NYSE: SUNE) 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 by 15.3% to 1.68 million shares, about 5.6% of the company’s total float.

First Solar Inc. (NASDAQ: FSLR) short interest drop by 17.3% to 9.29 million shares, which represents 13.4% of the company’s float.

GT Advanced Technologies Inc. (NASDAQ: GTAT) showed an increase of 2.1% in short interest to 50.48 million shares, about 42.8% of GT’s float.

SunEdison Inc. (NYSE: SUNE) showed a decrease of 15.1% in short interest to 11.59 million shares. About 5% of the company’s stock is now short.

Sunpower Corp. (NASDAQ: SPWR) saw short interest drop 8.7% to 10.77 million shares, or 25.9% of the company’s total float.

JA Solar Holdings Co. Ltd. (NASDAQ: JASO) showed a rise of 2.3% in short interest to 4.06 million shares.

LDK Solar Co. Inc. (NYSE: LDK) saw short interest rise by 4.1% to 3.7 million shares.

Suntech Power Holdings Co. Ltd. (NYSE: STP) showed a rise of 1.7% in short interest to 16.99 million shares.

Trina Solar Ltd. (NYSE: TSL) saw a short interest drop of 7.7% to 10.43 million shares.

Yingli Green Energy Holding Co. Ltd. (NYSE: YGE) showed a decline of 8.7% in short interest, to 9.15 million shares.

Virtually all solar panel makers saw short interest drop in the two-week period to July 31. The industry appears finally to have convinced investors that the bleeding has stopped. One exception is GT Advanced Technologies, which now has about 43% of its shares held short. The maker of equipment for making semiconductors continues to struggle.