Short interest moves among solar and alternative energy stocks were mixed during the two-week reporting period that ended on January 15. Â Of the companies we watch, short interest fell on two of three solar stocks and on one of five alternative energy stocks.
First Solar Inc. (NASDAQ: FSLR) saw short interest decline by 1.9% to 10.73 million shares, which represents about 14.3% of the company’s float. Days to cover remained at seven. In the two-week short interest period, the stock’s share price rose by about 10.5%. The stock’s 52-week range is $36.51 to $81.72, and it traded down fractionally to $49.59 early Monday.
SunPower Corp. (NASDAQ: SPWR) short interest dipped by 1% to 23.22 million shares or 37.9% of the company’s float. In the short interest period, the share price increased by about 10.4%. The stock’s 52-week range now is $4.55 to $10.00, and it traded down 2.5% to $5.37 Monday morning. Days to cover rose from 12 to 16.
Canadian Solar Inc. (NASDAQ: CSIQ) saw an increase of 8.6% in short interest during the two weeks to January 15. Some 6.8% of the total float, or 3.04 million shares, were short and days to cover remained unchanged at four. The company’s shares traded up more than 26% in the period, and shares were last seen at $19.68, up about 0.8% for the day, in a 52-week range of $11.37 to $19.83.
Bloom Energy Corp. (NYSE: BE) short interest jump by 22.5% in the two-week period. Some 4.66 million shares were short, representing 31.8% of the company’s total float. Days to cover rose from seven to 10, and the stock price soared by about 25.5% between the settlement dates. Shares traded Monday at $11.16, down about 3.2% for the day, in a 52-week range of $9.42 to $38.00.
FuelCell Energy Inc. (NASDAQ: FCEL) posted a rise of 32.7% in short interest during the period. Some 17.5 million shares were short as of January 15, about 17.9% of the total float. The stock traded at $0.53, down about 1.4% for the day, in a 52-week range of $0.47 to $2.11. Shares traded up about 2% in the two-week short interest period, and days to cover increased from seven to eight.
Plug Power Inc. (NASDAQ: PLUG) saw its short interest increase by 9.5% to 39.75 million shares. Days to cover rose from seven to eight, and about 17.3% of the company’s shares were short. In the two weeks to January 15, the share price rose by about 10.5%. The stock’s current 52-week range is $0.99 to $2.27, and traded at $1.34, down about 1.4% for the day.
Clean Energy Fuels Corp. (NASDAQ: CLNE) saw a drop of 9.1% in short interest to 3.62 million shares. About 2.7% of the company’s float was short, and days to cover rose from three to six. The share price rose by about 13.3% in the first two weeks of January. The stock traded at $1.91, down about 1.5% early Monday, in a 52-week range of $1.31 to $4.05.
Pacific Ethanol Inc. (NASDAQ: PEIX) saw short interest plunge by 60.2% in the two-week period to 372,794 shares, or about 0.8% of the company’s float. Days to cover remained at one. The stock price jumped by about 32% in the two weeks to January 15. Shares traded at $1.48, up more than 10% for the day, in a 52-week range of $0.76 to $4.50.
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