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Energy

Short Sellers Still Target Solar Stocks (FSLR, SPWR, ESLR, CSIQ, AKNS, HOKU)

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By Douglas A. McIntyre Published
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These are not all of the solar stocks we cover on NASDAQ, but as you can see the short selling against these stocks has increased as of mid-June despite the high energy costs. Here we ran the short interest for our main names in solar power NASDAQ such as First Solar, Inc. (NASDAQL FSLR), SunPower Corporation (NASDAQ: SPWR), Evergreen Solar Inc. (NASDAQ: ESLR), Canadian Solar Inc. (NASDAQ: CSIQ), Akeena Solar Inc. (NASDAQ: AKNS), and Hoku Scientific, Inc. (NASDAQ: HOKU).

We broke these down by the stock with the date and we showed a comparison of both the May 30 date and what the related changes were at that date as well. 

First Solar, Inc. (NASDAQ: FSLR)
AS OF DATE    Short Int.    Change
06/13/2008      4,183,584      20.16%      
05/30/2008      3,481,565     -1.03%    

SunPower Corporation (NASDAQ: SPWR)
AS OF DATE    Short Int.    Change
06/13/2008      16,804,676      6.46%
05/30/2008      15,784,486      3.63%

Evergreen Solar Inc. (NASDAQ: ESLR)
AS OF DATE    Short Int.    Change
06/13/2008      29,219,334      20.92%
05/30/2008       24,164,046     9.23%

Canadian Solar Inc. (NASDAQ: CSIQ)
AS OF DATE    Short Int.    Change
06/13/2008      4,634,187      8.23%
05/30/2008      4,281,924     -0.68%

Akeena Solar Inc. (NASDAQ: AKNS)
AS OF DATE    Short Int.    Change
06/13/2008      3,718,884      10.32%
05/30/2008      3,371,093       2.77%

Hoku Scientific, Inc. (NASDAQ: HOKU)
AS OF DATE    Short Int.    Change
06/13/2008      3,031,978      10.80%
05/30/2008      2,736,325     -19.45%

Jon C. Ogg
June 25, 2008

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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There was what appears to be a massive increase in short selling for the period report ending March 13, 2009. …

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