Energy
Short Sellers Hunt Profits in Solar, Alternative Energy Stocks
Published:
Last Updated:
Short interest moves among solar and alternative energy stocks were mixed during the two-week reporting period that ended on April 15. Â Of the companies we watch, short interest increased on one of three solar stocks and on four of five alternative energy stocks.
First Solar Inc. (NASDAQ: FSLR) saw short interest rise by 10.5% to 11.84 million shares, which represents about 15.8% of the company’s float. Days to cover remained unchanged at eight. In the two-week short interest period, the stock’s share price increased by about 12.6%. Its 52-week range is $36.51 to $81.72, and it closed at $61.25 on Thursday, down about 1% for the day.
SunPower Corp. (NASDAQ: SPWR) short interest decreased by 6.1% to 21.09 million shares, or 34.4% of the float. In the two-weeks to April 15, the share price increased by about 13.5%. The stock’s 52-week range is $4.55 to $9.60, and it closed at $7.48 on Thursday, down by about 1.2% for the day. Days to cover dropped from 13 to 12.
Canadian Solar Inc. (NASDAQ: CSIQ) saw a decrease of 5.7% in short interest during the two weeks to April 15. Some 7.4% of the total float, or 3.3 million shares, were short, and days to cover rose from two to five. The company’s shares traded up about 0.1% over the period, and shares closed Thursday at $18.92, down about 2.7% for the day, in a 52-week range of $11.37 to $25.89.
Bloom Energy Corp. (NYSE: BE) short interest rose by 14% in the two weeks. Some 6.76 million shares were short, representing 13.1% of the company’s total float. Days to cover rose from five to seven, and the stock price fell by about 7.9% during the short interest period. Shares closed Thursday at $12.34, down about 4.6% for the day, in a 52-week range of $8.88 to $38.00.
FuelCell Energy Inc. (NASDAQ: FCEL) posted an increase of 21.7% in short interest during the two-week period. Some 19.64 million shares were short as of April 15, about 15.4% of the total float. The stock closed at $0.25 on Thursday, down about 13.8% for the day, in a 52-week range of $0.20 to $1.99. Shares traded up about 4.3% in the short interest period, and days to cover increased from five to six.
Plug Power Inc. (NASDAQ: PLUG) saw short interest increase by 12.4% to 45.18 million shares. Days to cover rose from six to eight, and about 18.8% of the company’s shares were short. In the first two weeks of April, the share price rose by about 4.2%. The stock’s 52-week range is $0.99 to $2.86, and shares closed Thursday at $2.53, down by about 2% for the day.
Clean Energy Fuels Corp. (NASDAQ: CLNE) saw an increase of 2.1% in short interest to 2.71 million shares. About 2% of the company’s float was short, and days to cover rose from two to three. The share price rose by about 4.5% in the two-week period. The stock closed at $3.24 on Thursday, down by about 2.4% for the day, in a 52-week range of $1.58 to $4.05.
And Pacific Ethanol Inc. (NASDAQ: PEIX) saw short interest drop by 6.9% in the period to 627,423 shares, about 1.4% of the float. Days to cover rose from one to two. The stock price rose by about 8.5% in the two weeks. Shares closed at $1.06 on Thursday, down about 2.8% for the day, in a 52-week range of $0.76 to $3.78.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.