Short Sellers Cannot Make Up Their Minds on Solar and Alternative Energy Stocks
Short interest among solar and alternative energy stocks was mixed during the two-week reporting period that ended on October 30.
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Short interest among solar and alternative energy stocks was mixed during the two-week reporting period that ended on October 30. In the solar sector, out of companies we watch, short interest action was mixed. At the same time, the alt energy stocks action split down the middle in their short interest during the period.
First Solar Inc. (NASDAQ: FSLR) saw short interest decrease to 5.56 million shares. The previous reading was 5.9 million. The stock’s 52-week trading range is $39.18 to $65.50, and it closed at $55.87 on Tuesday.
SunEdison Inc. (NYSE: SUNE) showed a decrease to 87.13 million shares in its short interest. In the previous two-week short interest reporting period, 91.46 million shares were short. The stock closed at $5.77 Tuesday, in a 52-week range of $5.59 to $33.45.
SunPower Corp. (NASDAQ: SPWR) short interest remained relatively flat at 6.07 million. The stock’s 52-week range is $18.25 to $35.11, and shares closed at $26.21 on Tuesday.
SolarCity Corp. (NASDAQ: SCTY) saw a short interest jump to 27.02 million shares, compared to the previous period, which had 26.06 million shares short. The stock’s 52-week range is $25.44 to $63.79, and shares closed at $26.46 on Tuesday.
Canadian Solar Inc. (NASDAQ: CSIQ) saw a decline in short interest in the two-week period to October 30. Approximately 6.25 million shares were short, versus the mid-October level of 6.44 million. Shares closed Tuesday at $22.25, in a 52-week range of $14.16 to $40.08.
FuelCell Energy Inc. (NASDAQ: FCEL) had a drop in short interest to 36.08 million shares, compared to the previous level of 37.77 million. The stock closed at $0.84 on Tuesday, in a 52-week range of $0.64 to $1.98.
Plug Power Inc. (NASDAQ: PLUG) short interest increased to 35.27 million shares. In the two weeks ended October 15, short interest totaled 34.95 million shares. The stock’s 52-week range is $1.56 to $4.48, and shares closed Tuesday at $1.91.
Clean Energy Fuels Corp. (NASDAQ: CLNE) saw a drop in short interest to 17.03 million shares, from the previous period’s 18.22 million shares. The stock closed at $5.55 on Tuesday, in a 52-week range of $3.73 to $10.48.
Pacific Ethanol Inc. (NASDAQ: PEIX) had short interest increase to 3.24 million shares from the previous level of 2.91 million shares. The stock closed at $4.51 on Tuesday, in a 52-week range of $4.47 to $15.57.
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Chris Lange is a financial and geopolitical writer with more than a decade of experience covering a myriad of topics. He has published thousands of articles for 24/7 Wall St., with past coverage focused heavily on stocks, IPOs, healthcare, defense, global affairs, and technology.
His work has been quoted, or referenced by a number of outlets including Business Insider, USA Today, Yahoo Finance, MSN, The Motley Fool, and many other publications. A graduate of Southwestern University, he studied business with a focus on investments and has previous experience in banking and startups.
When not reading or writing the news, he is following his passion for Lacrosse, playing chess, or building solar projects with his dad.
