Short interest moves among solar and alternative energy stocks were mixed during the two-week reporting period that ended on October 15. Â Of the companies we watch, short interest increased on all three solar stocks and on two of five alternative energy stocks.
First Solar Inc. (NASDAQ: FSLR) saw short interest rise by 5% to 10.77 million shares, which represents about 14.3% of the company’s float. Days to cover remained at eight. In the two-week short interest period, the stock’s share price slipped by about 2.8%. Its 52-week range is $36.51 to $69.24, and it closed at $55.89 on Thursday, up about 1.3% for the day.
SunPower Corp. (NASDAQ: SPWR) short interest increased by about 9% to 20.34 million shares, or 32.5% of the company’s float. In the two weeks to October 15, the share price tumbled by about 10.6%. The stock’s 52-week range is $4.55 to $16.04, and it closed at $9.24 on Thursday, down by about 0.8% for the day. Days to cover remained unchanged at six.
Canadian Solar Inc. (NASDAQ: CSIQ) saw short interest rise by 7% during the period. Some 7.2% of the total float, or 3.28 million shares, were short, and days to cover rose from four to five. The company’s shares traded down by about 0.8% over the two weeks, and shares closed Thursday at $18.25, up by about 2.3% for the day, in a 52-week range of $12.69 to $25.89.
Bloom Energy Corp. (NYSE: BE) short interest rose by 12% in the first two weeks of October. Some 18.26 million shares were short, representing 28% of the company’s total float. Days to cover remained at seven, and the stock price dropped by about 7.1% during the period. Shares closed Thursday at $2.67, essentially flat for the day, in a 52-week range of $2.44 to $24.95.
FuelCell Energy Inc. (NASDAQ: FCEL) posted an increase of 18% in short interest during the period. Some 14.11 million shares were short as of October 15, about 11.2% of the total float. The stock closed at $0.32 on Thursday, up a penny for the day, in a 52-week range of $0.13 to $11.64. Days to cover rose to one. In the two weeks to October 15, the stock price fell by about 9.3%.
Plug Power Inc. (NASDAQ: PLUG) saw short interest drop by 5% to 43.97 million shares. Days to cover fell from 14 to 12, and about 20% of the company’s shares were short. In the short interest period, the share price rose by about 5.7%. The stock’s 52-week range is $0.99 to $3.14, and shares closed Thursday at $3.05, up by about 2.7% for the day.
Clean Energy Fuels Corp. (NASDAQ: CLNE) saw a drop of 17% in short interest to 2.27 million shares. About 1.5% of the company’s float was short, and days to cover fell from four to three. The share price rose by about 1.9% in the two-week period. The stock closed at $2.18 on Thursday, down about 2.2% for the day, in a 52-week range of $1.61 to $3.47.
Pacific Ethanol Inc. (NASDAQ: PEIX) saw short interest dive by 37% in the period to 795,600 shares, about 1.6% of the company’s float. Days to cover dipped from three to two. The stock price slipped by about 2.1% in the first half of October. Shares closed at $0.56 on Thursday, down a penny on the day, in a 52-week range of $0.50 to $1.90. The 37% decline in short interest matches up with a 38% increase in the previous two-week reporting period.
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