Energy
Suntech Woes Have Little Impact on Solar Short Interest (CSIQ, FSLR, GTAT, WFR, SPWR, JASO, LDK, STP, TSL, YGE)
Published:
Last Updated:
Source: Thinkstock
In the Chinese solar sector we tracked the following short interest changes: JA Solar Holdings Co. Ltd. (NASDAQ: JASO), LDK Solar Co. Inc. (NYSE: LDK), Suntech Power Holdings Co. Ltd. (NYSE: STP), Trina Solar Ltd. (NYSE: TSL) and Yingli Green Energy Holding Co. Ltd. (NYSE: YGE).
For China-based firms, the percentage of shares short is not available because the companies are also listed on other exchanges.
Canadian Solar Inc. (NASDAQ: CSIQ) saw short interest rise 0.5% to 2.15 million shares. That is 7.1% of the company’s total float.
First Solar Inc. (NASDAQ: FSLR) short interest rose by 3.7% to 18.42 million shares, which represents 30.6% of the company’s float.
GT Advanced Technologies Inc. (NASDAQ: GTAT) showed an increase of 5.2% in short interest, to 40.25 million shares, or about 33.9% of GT’s float.
Short interest in MEMC Electronic Materials Inc. (NYSE: WFR) declined 1.7% to 16.46 million shares, about 7.2% of MEMC’s float.
SunPower Corp. (NASDAQ: SPWR) saw short interest fall by 16% to 8.34 million shares, or 21% of the company’s total float.
JA Solar Holdings Co. Ltd. (NASDAQ: JASO) showed an increase of 0.7% in short interest, to 3.38 million shares.
LDK Solar Co. Inc. (NYSE: LDK) saw short interest decline of 3.9% to 3.41 million shares.
Suntech Power Holdings Co. Ltd. (NYSE: STP) had a drop of 8.6% in short interest, to 26.03 million shares.
Trina Solar Ltd. (NYSE: TSL) saw short interest rise of 1.5% to 19.28 million shares.
Yingli Green Energy Holding Co. Ltd. (NYSE: YGE) showed a drop of 0.2% in short interest, to 5.66 million shares.
The bankruptcy filing by Suntech happened after March 15, so any impact on other solar players has not shown up yet. JA Solar got a reprieve shortly after the Suntech fiasco, and it looks like both Trina and Yingli will make it through the shakeout in Chinese solar stocks. LDK Solar remains the weakest of the current survivors.
Smart Investors Are Quietly Loading Up on These “Dividend Legends” (Sponsored)
If you want your portfolio to pay you cash like clockwork, it’s time to stop blindly following conventional wisdom like relying on Dividend Aristocrats. There’s a better option, and we want to show you. We’re offering a brand-new report on 2 stocks we believe offer the rare combination of a high dividend yield and significant stock appreciation upside. If you’re tired of feeling one step behind in this market, this free report is a must-read for you.
Click here to download your FREE copy of “2 Dividend Legends to Hold Forever” and start improving your portfolio today.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
