Lithium-ion stocks were the only alternative energy sector with more winners than losers today despite a rising Dow. Oil prices continued to slide closing down another $4 at $124.22 on reports of growing gasoline supplies.
Advancers issues surpassed decliners 8 to 5 as GM, Ford and Honda continued to show gains.
Superlattice Power (OTCBB: SLAT) led the gainers closing up another 8.45% at $2.31 was followed by Altair Nanotech (Nasdaq: ALTI) which closed up 7.14% at $2.55 and Hybrid Technologies (OTCBB: HYBR) which ended the day up 5.09% at $3.92.
Electric Moto (Pink Sheets: EMOT) gave back some of yesterday’s gains closing down 16.36% at $.023.*
Advanced Battery Technologies (Nasdaq: ABAT) was the other leading loser closing down 4.72% at $5.45.
FUEL CELL STOCKS
Fuel Cell stocks lost their charge and ended their winning streak as they closed down with decliners beating out advancers 8 to 4.
The only advance worth mentioning is Ballard Power which surged ahead by 11.72% to close at $4.10. The stock showed strength from the opening bell and never looked back on higher than average volume. .
Mechanical Technology, Inc. (Nasdaq: MKTY) retreated a little after yesterday’s big gains closing down 23.06% at $3.77. Yesterday’s market update alerted investors to watch this stock today for a retracement.
The other double digit loser was Alternative Energy CP closing down 13.04% at $.02.
SOLAR ENERGY STOCKS
There was no joy in Sunville as decliners clobbered advancers in the Solar Energy sector by 14 to 4.
Advancers were held to minimal gains with Worldwater & Solar Technologies (OTCBB: WWAT) closing up 2.76% at $.67 followed closely by Trina Solar Ltd ADR’s (NYSE: TSL) finishing today’s session up 2.5% at $28.24.
The masses heading lower were led by Akeena Solar ending up down 8.75% at $4.59 and Evolution Solar Corp (Pink Sheets: EVSO) which dropped 6.19% closing under $2 at $1.97.
WIND ENERGY STOCKS
Wind energy stocks still in a head wind lost a little more ground as decliners nosed out advancers 8 to 7.
Top performer on the upside was JUHL Wind (OTCBB: JUHL) which surged ahead closing up 31.08% at $4.85 on average volume.
Welwind Energy (OTCBB WWEI) was the other stand out winner closing up 12.96% at $.122.
Mass Megawatts Wind Power led all decliners dropping 14.68% to $1.86 followed by Wind Energy America (OTCBB: WNEA) which finished the day down 10.75% at $.83 and American Superconductor Corp (Nasdaq: AMER) which lost 10.09% to close at $34.56.
NUCLEAR ENERGY STOCKS
The nuclear energy sector had still another down day as decliners crushed advancers 9 to 3.
Utilities drifted uniformly lower between 1 and 3.5% while a couple of uranium stocks a supporting industry were the only winners.
USEC Inc (NYSE: USU) closed the session up 3.94% at $5.28 followed by Thorium Power (OTCBB: THPW) was also able to squeak out some green closing up 2.13% at $.235.
The lone double digit loser on the day was Urex Energy (OTCBB: URXE) which closed down 13.73% at $.066.
Geothermal stocks took heat across the board with a single winner against 9 decliners.
Nevada Geothermal (OTCBB: NGLPF) never saw red today and held on to close up 1.83% at $1.11.
Essential Innovation (OTCBB: ESIV) was the standout winner closing up 25% at $.025. on increased volume.
Raser Technologies (NYSE/Arca: RZ) led the losers closing down 8.55% at $10.70 following Piper Jaffray’s sell rating to initiate coverage and another unflattering article about the company being linked to the stock. All things considered, it could have been a lot worse.
Ormat Technologies was the other top loser declining 6.39% to end the day at $45.57.
The Biofuel sector also ended the day in the red with decliners beating advancers 8 to 5.
W2 Energy (Pink Sheets: WTWO) led all advancers again today closing up another 13.21% at $.06 with Earth Biofuels (OTCBB: EBOF) in the distance closing up 9.09% at $.12.
Blurfire Ethanol Fuels (OTCBB: BFRE) also broke away from the pack behind USSE closing down 8.57% at $3.20.
* Edmonds & Edmonds Ltd, owner of Alt-EnergyStocks.com owns shares in this company. For more information, read our disclaimer.