Short interest moves among solar and alternative energy stocks were mixed during the two-week reporting period that ended on August 31. Â Of the companies we watch, short interest increased on two solar stocks and three of five alternative energy stocks.
First Solar Inc. (NASDAQ: FSLR) saw short interest slip by 3% to 10.1 million shares, which represent about 13.3% of the company’s float. Days to cover dipped from eight to seven. In the two-week short interest period, the stock’s share price increased by about 3%. Its 52-week range is $28.47 to $81.87, and it closed at $69.89 on Thursday, down by about 2.5% for the day.
SunPower Corp. (NASDAQ: SPWR) short interest jumped by 15% to 29.9 million shares, or 37% of the company’s float. Days to cover fell from seven to six. In the two weeks to August 31, the share price jumped by 50.6%. The 52-week range is $2.64 to $12.46, and shares closed at $10.66 on Thursday, down about 9.1% for the day.
Canadian Solar Inc. (NASDAQ: CSIQ) saw short interest increase by 21.3% during the two-week period. Some 5.6% of the total float, or 2.6 million shares, were short, and days to cover remained at two. The company’s shares jumped by 25.5% in the latter half of August, and shares closed Thursday at $27.67, down by about 10.6% for the day, in a 52-week range of $12.00 to $34.87.
FuelCell Energy Inc.’s (NASDAQ: FCEL) short interest increased by 2% during the period. Some 37.3 million shares were short as of August 31, about 18.3% of the total float, and the share price rose by 4%. Days to cover remained at three. The stock closed at $2.17 on Thursday, down 17.5% for the day, in a 52-week range of $0.23 to $3.50.
Plug Power Inc.’s (NASDAQ: PLUG) short interest rose by 4% to 54.3 million shares. Days to cover remained at two, and about 13.6% of the company’s shares were short. In the final two weeks of August, the share price increased by 13.9%. The stock’s 52-week range is $2.32 to $14.35, and shares closed Thursday at $12.12, down by less than 0.1% for the day.
Clean Energy Fuels Corp. (NASDAQ: CLNE) short interest increased by 7% to 3 million shares. About 2.1% of the company’s float was short, and days to cover remained at one. The share price fell by 2.2% in the two-week period. The stock closed at $2.51 a share on Thursday, down by 2.7% for the day, in a 52-week range of $1.05 to $3.75.
Bloom Energy Corp.’s (NYSE: BE) short interest fell by 3% in the period. Some 21 million shares were short, representing about 22.1% of the company’s total float. Days to cover remained at five, and the stock price rose by 10.5% during the two weeks. Shares closed Thursday at $13.79, down by about 4.8% for the day, in a 52-week range of $2.44 to $19.67.
Pacific Ethanol Inc. (NASDAQ: PEIX) saw short interest for the two-week period dive by about 34.2% to 1.55 million shares. About 3% of the company’s float was short. Days to cover remained at one. Shares closed at $4.58 on Thursday, down by about 0.9% on the day, in a 52-week range of $0.22 to $5.33.
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