Energy
Short Interest in Solar Pulls Back, Alt Energy Stocks Up
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Short interest moves among solar and alternative energy stocks were mixed during the two-week reporting period that ended on February 28. Â Of the companies we watch, short interest fell on all three solar stocks and rose on three of four alternative energy stocks.
First Solar Inc. (NASDAQ: FSLR) saw short interest fall by 13.5% to 3.92 million shares, which represents about 5.2% of the company’s float. Days to cover slipped from three to two. In the two-week short interest period through February 28, the stock’s share price dropped by about 3.1%. Its 52-week trading range is $25.56 to $76.61, and it closed at $67.90 on Friday, up about 0.3% for the day.
SunPower Corp. (NASDAQ: SPWR) short interest decreased by 14.6% to 15.29 million shares or 26.8% of the company’s float. In the two-week short interest period, the share price inched up by about 0.7%. The stock’s 52-week range is $5.84 to $11.70, and it closed at $7.16 on Friday, down about 3.8% for the day. Days to cover rose from five to seven.
Canadian Solar Inc. (NASDAQ: CSIQ) saw a decrease of 15.5% in short interest during the two-week period. Some 5.2% of the total float, or 2.2 million shares, were short, and days to cover rose from three to six. The company’s share price dipped by about 0.1% over the period, and shares closed Friday at $16.19, down about 1.6% for the day, in a 52-week range of $10.86 to $19.09.
FuelCell Energy Inc. (NASDAQ: FCEL) posted a decrease of 7.1% in short interest during the period. Some 7.88 million shares were short as of February 28. The stock closed at $1.82 on Friday, up about 1.1% for the day, in a 52-week range of $0.80 to $2.49. Shares traded down about 5.1% in the short interest period, and days to cover rose from seven to 12.
Plug Power Inc. (NASDAQ: PLUG) saw short interest rise by 1.4% to 33.75 million shares. Days to cover rose from eight to nine, and about 18.9% of the company’s shares were short. In the two weeks to February 28, the share price rose by nearly 5%. The stock’s 52-week range is $0.96 to $3.21, and shares closed Friday at $1.94, up about 2.7% for the day.
Clean Energy Fuels Corp. (NASDAQ: CLNE) saw a rise of about 6.8% in short interest to 5.9 million shares. About 8.4% of the company’s float is short and days to cover rose from five to seven. The share price fell by 5.7% in the two-week period to February 28. The stock closed at $1.48 on Friday, up about 6.5% for the day, in a 52-week range of $1.31 to $3.05.
Pacific Ethanol Inc. (NASDAQ: PEIX) saw short interest rise by 34.4% in the two-week period to 2.68 million shares, about 7.3% of the company’s float. Days to cover rose from seven to nine. The stock price rose by about 1% in the two weeks. Shares closed at $3.35 on Friday, up about 8.1% on the day, in a 52-week range of $3.10 to $7.58.
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