No alternative energy sector was able to escape the downward pull of the Dow as it fell 2.43% on worries about the economy punctuated by Ford Motor Company’s report that it lost $8.7 Billion in the second quarter after factoring in some significant write downs. Ford’s comments regarding their aggressive turn towards bringing their highly economical European line of cars to America did little to brighten the market’s outlook. Oil prices held the line closing up about $1 at $125.35 .
LITHIUM-ION STOCKS
Declining issues surpassed advancers in the lithium-ion sector 9 to 5 as both Ford (NYSE: F) and GM (NYSE: GM) showed double digit losses. Ford really got hammered closing down 15.26% at $5.11 while GM ended the session at $13 down 11.08%.
Altair Nanotech (Nasdaq: ALTI) was the other double digit loser in this sector closing down 10.98% at $2.27 due in part to a negative comment by Forbes.com where it suggested that profit would not visit the company’s financial statements in this or the following fiscal years and that there is considerable risk in the nanotech markets. Given the selling in advance of the article, one might question the coincidence.
Electric Moto (Pink Sheets: EMOT) topped all gainers closing up 8.7% at $.025. *
Toyota Motors (NYSE: TM) also managed to hold on to a gain ending the day up 1.38% at $93.19.
FUEL CELL STOCKS
Fuel Cell stocks were seeing red as well as decliners far outdistanced advancers 11 to 3. .
Pacific Fuel Cell (OTCBB: PFCE) gave back previous gains closing down 26.67% at $.033.
SymPowerco (Pink Sheets: SYMW) also headed lower ending up at $.022, down 13.73% on the day.
Alternative Energy Corp (Pink Sheets: ARGY) did more than hold its own. The stock closed up 20% at $.024.
SOLAR ENERGY STOCKS
We had to look far and wide to find a Solar Energy stock basking in the glow of a winning session as decliners overshadowed advancers by a staggering 14 to 2. In the end, First Solar (Nasdaq: FSLR) struggled early but rallied from mid day to the close winding up a very respectable 1.68% at $264.09.
The other holdout finding green was Evolution Solar (Pink Sheets: EVSO) which finished the day up 4.06% at $2.05, perhaps on the strength of the Company’s announcement that it has submitted a proposal to a potential buyer for a 600 KW solar array installation.
Solar energy stocks leading up the losers parade were Trina Solar (NYSE: TSL) which lost 9.1% to close the day at $25.67 and Yingli Green Energy Holding Co, Ltd (NYSE: YGE) which also came close to double digits closing down 9.2% at $14.50.
WIND ENERGY STOCKS
Wind energy stocks caught a serious downdraft with only 4 stocks holding onto positive territory compared to 11 which experienced a down day.
Americas Wind Energy (OTCBB: AWNE) caught a tailwind and soared above the rest of the field closing up 19.35% at $.37.
In the distance but up nicely, Nacel Energy Corporation (OTCBB: NCENE) recovered from a news-led string of down days winding up ahead by 7.69% at $1.68.
Top loser was JUHL Wind (OTCBB: JUHL) may have found its resistance as it reversed its upward trend closing down 11.34% at $4.30.
Broadwind Energy (OTCBB: BWEN) also gave back a little of the gains since mid month dipping back under $20 and closing down 7.86% at $19.68.
NUCLEAR ENERGY STOCKS
The nuclear energy sector didn’t have a meltdown but we might call it an “unexpected transient event” as decliners led advancers had yet another down day as decliners led advancers in the dust by 10 to 3.
Wave Uranium (OTCBB: WAVU) was the star of the sector closing up 19.05% at $.025 on modest volume.
Dominion Resources (NYSE: D) struggled back after early losses to close up marginally at $43.78 while Southern Co (NYSE: SO) also managed to barely hold on to the upside finishing up 0.82% at $35.52.
Headlining the cast of losers was Urex Energy Corp (OTCBB: URXE) which finished today’s session down 16.52% at $0.0551. NRG Energy was among the others feeling the pain as they closed down 4.99% at $34.88
GEOTHERMAL STOCKS
Geothermal stocks did well compared to the other sectors with decliners beating out advancers 6 to 4.
Sierra Geothermal showed the sector how to do it closing up 8.96% at $365 along with Western GeoPower (CDNX: WGP.V) ending the day up 3.23% at $.32.
Essential Innovation (OTCBB: ESIV) suffered from the spread closing down 16.67% on light trading while
Calpine Corp (NYSE: CPN) saw green early but it quickly evaporated and the stock ended the day down 5.29% at $16.48.
BIOFUEL STOCKS
The Biofuel sector also turned in a respectable session all things considered finishing up with decliners narrowly beating out advancers 7 to 5.
Bluefire Ethanol Fuels (OTCBB: BFRE) showed how it’s done leading all winners by closing up. 18.75% at $3.80 on the news that the Company has been awarded the final permit to construct the nation’s first commercial cellulosic ethanol plant that will turn biowaste into ethanol.
Earth Biofuels (OTCBB: EBOF) also managed double digit gains closing up 16.67% at $.014 while
Greenshift Corporation ()TCBB: GERS) ended the day up 10% at $.055.
Valcent Products was the big loser closing down 19.35% at $.50 while W2 Energy (Pink Sheets: WTWO) closed down 21.67% at $.047 on twice normal volume.
