Alternative Energy Stocks closed mixed today while the Dow rebounded up 1.36% primarily on oils continued decline. Oil ended the day at $136.10 down over $9 in the past two days.
WIND ENERGY STOCKS
Wind energy stocks lead the day following the national launch of billionaire T Boon Pickens’ “The Plan”, on the heals of his announcement that Mesa Power has ordered $2 billion worth of wind turbines from GE as the initial phase of his plan to develop the Pampa Wind Project, the world’s largest wind farm. Advancers outpaced losers by more than 2 to 1.
JUHL Wind (OTCBB: JUHL) continued to show volatility closing down 13.56% at $2.55 following its entry into the public market where we saw the stock shoot to $5.40 before retracing. Currently the stock appears to be searching for a support level.
Mass Megawatts Wind Power (OTCBB: MMGW) closed up 25% following their announcement that they had launched a new manufacturing facility in Pennsylvania.
Advanced Battery Technologies (NASDAQ: ABAT) rounded out the double digit wind energy movers closing up 14.44% as it continued to show strength following the announcement that their stock had been added to the Russell 2000.
LITHIUM-ION STOCKS
Altair Nanotechnologies (NASDAQ: ALTI) lead all lithium ion related issues closing up 33.79% after announcing that they had successfully compled a demonstration and validation program for a two-megawatt 500 kilowatt-hour battery system purchased by AES Corporation (NYSE: AES ).
Advanced Battery Technologies (NASDAQ: ABAT) and Valence Technologies also showed strength closing up 14.4% and 13.2% respectively.
FUEL CELL STOCKS
Advances matched declines today in the fuel cell sector.
Hoku Scientific (NASDAQ: HOKU) led the field closing up 11.44% at $4.48 on over 400,000 shares.
Hydrogenics Corp (NASDAQ: HYGS) lead the losers closing down 15% at $1.40 on 4 times normal volume despite announcing an order for 20 fuel cell power packs to Concurrent Technologies.
NUCLEAR ENERGY STOCKS
Decliners led gainers 8 to 5 in the nuclear energy sector. Without obvious reasons, we conjecture that, since there are many utilities in this sector, they may be losing favor to more concentrated alternative energy plays.
Wave Uranium (OTCBB: WAVU) led decliners closing down a whopping 75.6% at $.039 after closing yesterday at $.16. Volume was over 40 times usual volume.
Uranium Energy (AMEX: UEC) was the other double digit decliner closing down 17% at $2.36 despite news that the company had closed another round of funding.
The star for the day was Urex Energy Company (OTCBB: URXE) closing up 33% at $.08 on the heels of its announcement that the company 72 drill holes with promising result at their Argentina mining operation.
GEOTHERMAL STOCKS
Advancers led decliners by 2 to 1 in the geothermal sector today.
The single double digit performer was Sierra Geothermal (CDNX: SRA.V) which closed up 24% at $.30 on heavier than normal volume. No indication for the buying interest was apparent.
SOLAR ENERGY STOCKS
The solar sector closed up with advancers leading decliners by more than 2 to 1. Although there were not double digit winners or losers, leading advancers were China Solar (OTCBB: CSOL) up 6.36% and WorldWater & Solar (OTCBB: WWAT) up 5.74% .
Evolution Solar (Pink Sheets: EVSO) led decliners down 7.14% at $1.95 on average volume.
BIOFUEL STOCKS
Losers edged past gainers 7 to 6 in the biofuel sector.
Gainers were led by Xethanol Corporation (AMEX: XNL) that closed up 11.11% on light volume.
Top decliners were W2 Energy (Pink Sheets: WTWC) down 18.18% and Cyclone Power Technologies (Pink Sheets: CYPW) which closed down 16.67%.
