Short Sellers Still Pulling Out of Solar, Taking a Run Alt Energy Stocks

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Short interest moves among solar and alternative energy stocks were mixed during the two-week reporting period that ended on November 30. Of the companies we watch, short interest fell on all three solar stocks and rose on four of five alternative energy stocks.

First Solar Inc. (NASDAQ: FSLR) saw short interest fall by 1.6% to 11.5 million shares, which represents about 15.4% of the company’s float. Days to cover rose from six to 10. In the two-week short interest period, the stock’s share price rose by about 1%. Its 52-week trading range is $36.51 to $81.72, and it closed at $42.45 on Tuesday, down about 1.8% for the day.

SunPower Corp.’s (NASDAQ: SPWR) short interest fell by 6.3% to 20.67 million shares, or 33.8% of the company’s float. In the two weeks to November 30, the share price rose by about 7.1%. Its 52-week range is $5.76 to $10.00, and the stock closed at $6.30 on Tuesday, down about 4.8% for the day. Days to cover dipped from 12 to 10.

Canadian Solar Inc. (NASDAQ: CSIQ) saw a decrease of 32% in short interest during the two-week period. Some 5.6% of the total float, or 2.52 million shares, were short, and days to cover fell from four to two. The company’s shares traded up about 11% over the short interest period, and shares closed Tuesday at $16.08, down about 2.1% for the day, in a 52-week range of $11.37 to $19.09.

Bloom Energy Corp. (NYSE: BE) short interest rose by 7.5% in the final two weeks of November. Some 3.53 million shares are short, representing 20.2% of the company’s total float. Days to cover increased from four to eight, and the stock price rose by about 5.5% during the period. Shares closed Tuesday at $15.65, down about 8.9% for the day, in a 52-week range of $13.36 to $38.00.

FuelCell Energy Inc. (NASDAQ: FCEL) posted a rise of 11.8% in short interest during the two-week period. Some 12.37 million shares were short as of November 30, about 13.4% of the total float. The stock closed at $0.59 on Tuesday, up about 2.5% for the day, in a 52-week range of $0.57 to $2.17. Shares traded down about 22.7% in the short interest period, and days to cover dropped from 23 to 11.

Plug Power Inc. (NASDAQ: PLUG) saw short interest increase by 1.4% to 34.26 million shares. Days to cover rose from 19 to 25, and about 14.9% of the company’s shares were short. In the two weeks to November 30, the share price rose by about 1.2%. The stock’s 52-week range is $1.41 to $2.48, and shares closed Tuesday at $1.50, unchanged for the day.

Clean Energy Fuels Corp. (NASDAQ: CLNE) saw an increase of 1.1% in short interest to 4.92 million shares. About 3.6% of the company’s float was short, and days to cover rose from five to six. The share price fell by about 5.3% in the two-week period. The stock closed at $2.15 on Tuesday, flat for the day, in a 52-week range of $1.31 to $4.05.

Pacific Ethanol Inc. (NASDAQ: PEIX) saw short interest dip by 0.2% in the two-week period to 1.16 million shares, about 2.6% of the company’s float. Days to cover rose from three to six. The stock price fell by about 2.9% in the period. Shares closed at $1.41 on Tuesday, down about 4.7% for the day, in a 52-week range of $1.36 to $4.80. The low was posted yesterday.

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