Short interest moves among solar and alternative energy stocks were mixed during the two-week reporting period that ended on February 15. Â Of the companies we watch, short interest fell on all three solar stocks and on three of five alternative energy stocks.
First Solar Inc. (NASDAQ: FSLR) saw short interest decline by 1.7% to 10.48 million shares, which represents about 14% of the company’s float. Days to cover rose from seven to eight. In the two-week short interest period, the stock’s share price dipped by about 3.3%. Its 52-week range is $36.51 to $81.72, and it closed at $52.38 on Wednesday, up about 0.9% for the day.
SunPower Corp. (NASDAQ: SPWR) short interest decreased by 3.6% to 22.67 million shares, or 37.1% of the company’s float. In the two weeks to February 15, the share price increased by about 1.4%. The stock’s 52-week range is $4.55 to $10.00, and it closed at $6.44 on Wednesday, down about 0.2% for the day. Days to cover dropped from 16 to 10.
Canadian Solar Inc. (NASDAQ: CSIQ) saw a decrease of 5.3% in short interest during the first two weeks of February. Some 6.7% of the total float, or 2.99 million shares, were short, and days to cover fell from four to three. The company’s shares traded down 4.6% over the period, and shares closed Wednesday at $24.19, up about 1.4% for the day, in a 52-week range of $11.37 to $25.02.
Bloom Energy Corp. (NYSE: BE) short interest rose by 9.1% in the short interest period. Some 4.62 million shares were short, representing 32.5% of the company’s total float. Days to cover fell from five to three, and the stock price dropped by about 3.1% during the two weeks. Shares closed Wednesday at $13.80, down about 6.1% for the day, in a 52-week range of $8.88 to $38.00.
FuelCell Energy Inc. (NASDAQ: FCEL) posted a drop of 8.5% in short interest during the period. Some 15.18 million shares were short as of February 15, about 14.8% of the total float. The stock closed at $0.47 on Wednesday, up about 3.3% for the day, in a 52-week range of $0.43 to $2.11. Shares traded up about 19% in the first two weeks of this month, and days to cover decreased from 12 to eight.
Plug Power Inc. (NASDAQ: PLUG) saw short interest increase by 0.6% to 39.04 million shares. Days to cover dipped from 20 to 15, and about 16.9% of the company’s shares were short. In the two weeks to February 15, the share price jumped by about 13.5%. The stock’s 52-week range now is $0.99 to $2.27, and shares closed Wednesday at $1.79, up about 1.1% for the day.
Clean Energy Fuels Corp. (NASDAQ: CLNE) saw a drop of 9.8% in short interest to 2.99 million shares. About 2.2% of the company’s float was short, and days to cover slipped from eight to seven. The share price was unchanged in the period, although it dipped about 10% before regaining its starting point. The stock closed at $2.24 on Wednesday, up about 2.3% for the day, in a 52-week range of $1.31 to $4.05.
Pacific Ethanol Inc. (NASDAQ: PEIX) saw short interest tumble by 33.8% in the two-week period to 390,895 shares, about 0.9% of the company’s float. Days to cover remained unchanged at two. The stock price dropped by about 8.9% between the settlement dates. Shares closed at $1.15 on Wednesday, down about 0.9% for the day, in a 52-week range of $0.76 to $4.15.
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