Short interest moves among solar and alternative energy stocks were mixed during the two-week reporting period that ended on June 14. Â Of the companies we watch, short interest decreased on one of three solar stocks and on one of five alternative energy stocks.
First Solar Inc. (NASDAQ: FSLR) saw short interest fall by 3% to 11.03 million shares, which represents about 9% of the company’s float. Days to cover remained unchanged at nine. In the two-week short interest period, the stock’s share price rose by about 7.6%. Its 52-week range is $36.51 to $65.28, and it closed at $61.76 on Tuesday, down by about 1.5% for the day.
SunPower Corp.’s (NASDAQ: SPWR) short interest remained essentially unchanged at 18.31 million shares, or 29.9% of the company’s float. In the two weeks to June 14, the share price jumped by 9.4%. The stock’s 52-week range is $4.55 to $11.01, and it closed at $10.00 on Tuesday, down by about 3.2% for the day. Days to cover slipped from 10 to nine.
Canadian Solar Inc. (NASDAQ: CSIQ) saw a rise of 8% in short interest during the period. Some 6.4% of the total float, or 2.86 million shares, were short, and days to cover rose from three to four. The company’s shares traded up by about 14.3% over the two weeks, and shares closed Tuesday at $21.27, down about 4.1% for the day, in a 52-week range of $11.76 to $25.89.
Bloom Energy Corp. (NYSE: BE) short interest jumped by 21% in the two weeks to June 14. Some 10.2 million shares were short, representing 8.3% of the company’s total float. Days to cover rose from seven to eight, and the stock price rose by about 2.5% during the short interest period. Shares closed Tuesday at $11.53, down about 0.3% for the day, in a 52-week range of $8.88 to $38.00.
FuelCell Energy Inc. (NASDAQ: FCEL) posted an increase of 61% in short interest between the settlement dates. Some 3.52 million shares were short as of June 14, nearly 40% of the total float. The stock closed at $0.16 on Tuesday, down nearly 16% for the day, in a 52-week range of $0.15 to $17.52. Note that the company completed a one-for-12 reverse split in late April. Days to cover remained at about two. In the first two weeks of June, the stock price dropped by 66.5%.
Plug Power Inc. (NASDAQ: PLUG) saw short interest decrease by 2% to 49.27 million shares. Days to cover rose from nine to 11, and about 21% of the company’s shares were short. In the two weeks of June, the share price rose by about 2.2%. The stock’s 52-week range is $0.99 to $2.87, and shares closed Tuesday at $2.05, down about 1.9% for the day.
Clean Energy Fuels Corp. (NASDAQ: CLNE) saw a rise of 11% in short interest to 2.65 million shares. About 2% of the company’s float was short, and days to cover rose from two to three. The share price fell by about 3.3% in the two weeks to June 14. The stock closed at $2.53 on Tuesday, down by about 1.2% for the day, in a 52-week range of $1.61 to $4.05.
Pacific Ethanol Inc. (NASDAQ: PEIX) saw short interest rise by 7% in the period to 1.28 million shares, or about 3.9% of the company’s float. Days to cover increased from three to four. The stock price dropped by about 14.4% in the two weeks to June 14. Shares closed at $0.78 on Tuesday, down about 3.4% for the day, in a 52-week range of $0.76 to $3.24.
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