Energy

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.

Take This Retirement Quiz To Get Matched With A Financial Advisor (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.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.