Short interest moves among solar and alternative energy stocks were mixed during the two-week reporting period that ended on July 31. Â Of the companies we watch, short interest fell on two of three solar stocks and rose on three of four alternative energy stocks.
First Solar Inc. (NASDAQ: FSLR) saw short interest fall by 19.5% to 5.08 million shares, which represents about 6.8% of the company’s float. Days to cover fell from four to two. In the two-week short interest period, the stock’s share price fell by 1.7%. Its 52-week trading range is $45.26 to $81.72, and it closed at $54.45 on Thursday, unchanged for the day.
SunPower Corp.’s (NASDAQ: SPWR) short interest increased by 5.9% to 16.85 million shares, or 27.7% of the company’s float. In the short interest period, the share price fell by 9.4%. The stock’s 52-week range is $6.46 to $10.00, and it closed at $7.32 on Thursday, down about 1% for the day. Days to cover fell from 15 to nine.
Canadian Solar Inc. (NASDAQ: CSIQ) saw a decrease of 7.8% in short interest during the two weeks to July 31. Some 7.3% of the total float, or 3.3 million shares, were short, and days to cover fell from seven to five. The company’s share price rose by 3.1% over the short interest period, and shares closed Thursday at $14.45, down about 1.8% for the day, in a 52-week range of $11.37 to $19.09.
FuelCell Energy Inc. (NASDAQ: FCEL) posted a dip of 1.9% in short interest during the two-week period. Some 10.41 million shares were short as of July 31. The stock closed at $1.20 on Thursday, up more than 11% for the day, in a 52-week range of $1.07 to $2.49. Shares traded down about 2.6% in the short interest period, and days to cover slipped from 11 to nine.
Plug Power Inc. (NASDAQ: PLUG) saw short interest rise by 7% to 32.64 million shares. Days to cover rose from 11 to 16, and about 15.4% of the company’s shares were short. In the two weeks to July 31, the share price fell by 5.9%. The stock’s 52-week range is $1.53 to $3.21, and shares closed most recently at $1.91, down nearly 5.5% for the day.
Clean Energy Fuels Corp. (NASDAQ: CLNE) had an increase of 2.6% in short interest to 3.17 million shares. About 2.3% of the company’s float was short, and days to cover rose from one to two. The share price rose by 5.5% in the final weeks of July. The stock closed at $2.71 on Thursday, up more than 10% for the day, in a 52-week range of $1.31 to $4.05.
Pacific Ethanol Inc. (NASDAQ: PEIX) saw short interest jump by 22.2% in the period to 867,168 shares, about 2.1% of the company’s float. Days to cover rose from two to three. The stock price soared by more than 17% in the two weeks to July 31. Shares closed at $2.35 on Thursday, down more than 11% on the day, in a 52-week range of $2.30 to $6.06.
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