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Shorts Sell ‘Solarcoaster’ as China Glut Sinks Panel Prices

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Short sellers are flocking to solar power, dumping record levels of stock in First Solar Inc. and competing equipment makers in a bet that profit will be hurt by a glut of Chinese panels and shrinking demand in Europe.

First Solar of Tempe, Arizona, the world’s largest maker of thin-film solar panels, had a record 23 percent of outstanding shares sold short this month, according to Data Explorers information on Bloomberg. A record 54 percent of Germany’s Q-Cells SE is short, meaning the stock was borrowed for sale by speculators who hope to buy it back later more cheaply.