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Interested in the high growth prospects of the clean energy industry? For a closer look at the names of this industry, we ran a screen on what short sellers are currently trading.

We began by screening the clean energy industry for stocks with high growth prospects, with 5-year projected EPS growth above 15%.

We then screened these names for those with bearish sentiment from short sellers, with significant increases in shares shorted month-over-month representing at least 2% of share float. This indicates that short sellers are more bearish on these names than they were a month ago.

(click to enlarge)

Do you think these stocks are in hot water, despite their high growth projections? Use this list as a starting point for your own analysis.

List sorted by increase in shares shorted month-over-month as a percent of share float.

1. Heritage-Crystal Clean, Inc (NASDAQ:HCCI): Provides industrial and hazardous waste services to small and mid-sized customers in the United States. Market cap at $317.19M, most recent closing price at $18.08. 5-year projected EPS growth at 25.00%. Shares shorted have increased from 339.22K to 804.64K over the last month, an increase which represents about 5.29% of the company's float of 8.80M shares. Days to cover ratio at 15.45 days.

2. Westport Innovations Inc. (NASDAQ:WPRT): Provides alternative fuel, low-emissions technologies that enable engines to operate on fuels, such as compressed natural gas, liquefied natural gas, hydrogen, and biofuels. Market cap at $1.24B, most recent closing price at $23.39. 5-year projected EPS growth at 30.00%. Shares shorted have increased from 14.16M to 15.97M over the last month, an increase which represents about 4.3% of the company's float of 42.13M shares. Days to cover ratio at 5.79 days.

3. Cree, Inc. (NASDAQ:CREE): Develops and manufactures light emitting diode products, silicon carbide and gallium nitride material products, and power and radio frequency products. Market cap at $3.43B, most recent closing price at $29.06. 5-year projected EPS growth at 23.77%. Shares shorted have increased from 18.54M to 22.10M over the last month, an increase which represents about 3.15% of the company's float of 112.99M shares. Days to cover ratio at 7.18 days.

*Short data sourced from Yahoo! Finance, all other data sourced from Finviz.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Source: 3 High-Growth Clean Energy Stocks With Bearish Short Trends