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Short Sellers Piling Into Solar Energy Stocks

Short interest moves among solar and alternative energy stocks were mixed during the two-week reporting period that ended on August 15. Of the companies we watch, short interest rose on three of the four solar stocks and two of the four alt energy stocks.

The solar industry is facing another glut of cells and modules, and a shakeout like the one that occurred about five years ago may be in the offing. The result, naturally, is more short interest in all these stocks, except the one that is being acquired.

First Solar Inc. (NASDAQ: FSLR) saw short interest rise by 22.4% to 14.75 million shares, which represents 19.7% of the company’s float. Days to cover fell from eight to two. In the two-week short interest period, the stock’s share price fell by nearly 19%. Its 52-week trading range is $36.75 to $74.29, and it closed at $37.32 on Wednesday, down about 0.4% for the day.

SunPower Corp. (NASDAQ: SPWR) short interest rose by 6.9% to 16.71 million shares, or 28.6% of the company’s float. In the two-week period to August...