Short Interest Heats Up in Solar Stocks
July 11, 2014 by Paul Ausick
First Solar Inc. (NASDAQ: FSLR) saw short interest rise by 23.8% to 11.23 million shares, which represents 15.3% of the company’s float. In the two-week short interest period to June 30, shares rose more than 10%, and they are up about 11% year-to-date through Thursday’s close at $63.67. The stock’s 52-week range is $35.59 to $74.84.
SunEdison Inc. (NYSE: SUNE) showed an increase of 1.4% in short interest to 67.92 million shares. About 25.6% of the company’s stock is now short. In the latest two-week short interest period, shares gained more than 16%, and they are up nearly 67% year-to-date through Thursday’s close at $23.23. The new 52-week range is $6.24 to $23.73, as the high was set Thursday.
SunPower Corp. (NASDAQ: SPWR) saw a short interest rise 13.2% to 13.51 million shares, 26.3% of the company’s total float. In the two-week short interest period to June 30, shares gained about 15%. They are up 18% year-to-date after closing at $38.16 on Thursday. The stock’s 52-week range is $20.52 to $42.07.
SolarCity Corp. (NASDAQ: SCTY) showed a rise of 11.1% in short interest to 14.28 million shares, or 30.1% of the company’s float. In the two-week short interest period, shares jumped almost 35%, and they now are up nearly 10% year-to-date. The stock’s 52-week range is $28.31 to $88.35, and shares closed at $65.58 Thursday.
GT Advanced Technologies Inc. (NASDAQ: GTAT) saw short interest fall by 11.2% to 41.34 million shares, about 30.5% of the company’s total float. In the two-week short interest period to June 30, shares rose just 1.5%, but they are up nearly 77% year-to-date through Thursday to close at $16.11. The stock’s 52-week range is $4.29 to $20.54. GT’s year-to-date gains are primarily the result of a deal with Apple Inc. (NASDAQ: AAPL) in which GT will make sapphire glass for Apple’s mobile devices.
ALSO READ: Chile’s Atacama Desert to Be First Solar’s Next Massive Solar Project
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