Short interest moves among solar and alternative energy stocks were mixed during the two-week reporting period that ended on September 13. Â Of the companies we watch, short interest decreased on all three solar stocks and decreased on two of five alternative energy stocks.
First Solar Inc. (NASDAQ: FSLR) saw short interest drop by 3% to 9.8 million shares, which represents about 13% of the company’s float. Days to cover dipped from 10 to nine. In the two-week short interest period, the stock’s share price rose by about 2.7%. The stock’s 52-week range is $36.51 to $69.24, and it closed at $65.48 on Tuesday, down about 2.7% for the day.
SunPower Corp. (NASDAQ: SPWR) short interest decreased by about 4% to 18.49 million shares, or 29.5% of the company’s float. In the two weeks to September 13, the share price rose by about 0.5%. The stock’s 52-week range is $4.55 to $16.04, and it closed at $13.81 on Tuesday, down by about 8% for the day. Days to cover remained unchanged at six.
Canadian Solar Inc. (NASDAQ: CSIQ) saw short interest drop by 6% during the first half of September. Some 6.7% of the total float, or 3.07 million shares, were short, and days to cover remained at five. The company’s shares traded down by about 8.7% over the period, and shares closed Tuesday at $21.26, down more than 6% for the day, in a 52-week range of $12.69 to $25.89.
Bloom Energy Corp. (NYSE: BE) short interest jumped by 27% in the period. Some 14.94 million shares were short, representing 23.8% of the company’s total float. Days to cover remained unchanged at six, and the stock price dropped by about 2.7% during the two weeks. Shares closed Tuesday at $3.24, down by about 5.5% for the day, in a 52-week range of $3.08 to $38.00. Shares tumbled earlier this week following a harsh review from short seller Hindenburg Research.
FuelCell Energy Inc. (NASDAQ: FCEL) posted a decrease of 1% in short interest during the two-week period. Some 6.48 million shares were short as of September 13, about 5.2% of the total float. The stock closed at $0.34 on Tuesday, down about 5.6% for the day, in a 52-week range of $0.13 to $13.68. The company completed a one-for-12 reverse split in late April. Days to cover remained below one. In the short interest period, the stock price rose by about 13.2%.
Plug Power Inc. (NASDAQ: PLUG) saw short interest rise by 1% to 42.7 million shares. Days to cover remained at 13, and about 19.3% of the company’s shares were short. By the September 13 settlement date, the share price jumped about 21.4%. The stock’s 52-week range is $0.99 to $2.94, and shares closed Tuesday at $2.72, down by about 2.9% for the day.
Clean Energy Fuels Corp. (NASDAQ: CLNE) saw a jump of 23% in short interest to 3.04 million shares. About 2% of the company’s float was short, and days to cover rose from three to four. The share price rose by about 7.1% in the two-week period. The stock closed at $2.10 on Tuesday, down about 2.3% for the day, in a 52-week range of $1.61 to $3.47.
Pacific Ethanol Inc. (NASDAQ: PEIX) saw short interest decline by 7% in the period to 919,200 shares, about 2% of the company’s float. Days to cover remained at two. The stock price soared by nearly 20% in the period. Shares closed at $0.62 on Tuesday, down about 3.6% for the day, in a 52-week range of $0.50 to $3.24.
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