Short Interest in Solar Energy Companies Takes a Breather

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By Paul Ausick Updated Published
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We have tracked the short interest in the following North American Solar companies as of July 15: Canadian Solar Inc. (NASDAQ: CSIQ); First Solar Inc. (NASDAQ: FSLR), GT Advanced Technologies Inc. (NASDAQ: GTAT), SunEdison Inc. (NYSE: SUNE) and SunPower Corp. (NASDAQ: SPWR). 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 by 4.4% to 1.98 million shares, about 6.6% of the company’s total float.

First Solar Inc. (NASDAQ: FSLR) short interest drop by 17.3% to 11.23 million shares, which represents 16.2% of the company’s float.

GT Advanced Technologies Inc. (NASDAQ: GTAT) showed a decrease of 2.8% in short interest, to 49.42 million shares, about 41.9% of GT’s float.

SunEdison Inc. (NYSE: SUNE) showed a decrease of 8.4% in short interest to 13.65 million shares. About 5.9% of the company’s stock is now short.

SunPower Corp. (NASDAQ: SPWR) saw short interest drop 0.8% to 11.8 million shares, 28.4% of the company’s total float.

JA Solar Holdings Co. Ltd. (NASDAQ: JASO) showed a rise of 2.6% in short interest, to 3.97 million shares.

LDK Solar Co. Inc. (NYSE: LDK) saw short interest fall by 6.1% to 3.55 million shares.

Suntech Power Holdings Co. Ltd. (NYSE: STP) showed a rise of 0.6% in short interest, to 16.72 million shares.

Trina Solar Ltd. (NYSE: TSL) saw a short interest drop of 13.7% to 11.29 million shares.

Yingli Green Energy Holding Co. Ltd. (NYSE: YGE) showed a decline of 8.9% in short interest, to 10.03 million shares.

The decline in short interest in First Solar is the biggest change in this period. Solar stocks, as a group, have recovered somewhat from the beating they have taken over the past couple of years. No one expects the sector to return to its glory days, but neither does anyone appear to expect the stocks to continue falling forever.

Contact [email protected] for any questions or corrections.

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About the Author Paul Ausick →

Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

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