Biofuel and Nuclear spoiled what was otherwise a winning day for alternative energy stocks as the Dow surged more than 300 points to close up 2.65% at 11,734.32. The Dollar acted more like the dollar of old and strengthened again today as the EU took a good old fashioned kick in the groin and fell more against the dollar today then in 8 years. Even though it has a long way to go, the dollar finally dipped below $1.50 against the Euro. Oil likewise took a beating hitting $114 before finishing just a hair above $115 renewing optimism in many sectors of the economy as Americans felt renewed hope that they can once again look forward to the day where they can return to traditional consumer excesses and marathon QVC parties. We look for a dramatic increase in cubic zirconium futures. (It’s Friday, enjoy a little humor here).
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LITHIUM-ION STOCKS
Buoyed by the automakers, Lithium-ion stocks enjoyed a winning day as gainers outpaced losers 11 to 5.
Ford Motor Co (NYSE: F) had a particularly good day closing up 8.23% at $5.26 due perhaps to their 2nd Q report filed today or perhaps the report that Ford Motor Credit was cutting back on leasing, a particularly risk venture given today’s auto climate. Imagine the losses ahead when the SUV’s leased last year are returned at the end of their lease.
Arotech Corp (Nasdaq: ARTX) was another lithium stock enjoying todays enthusiasm closing up 7.14% at $1.80. They will be hosting their results conference call on August 11 for anyone interested in listening in.
Advanced Battery Technologies, Inc. (Nasdaq: ABAT) wasn’t so fortunate as they saw their stock retreat by 7.23% to $5.13 following their announcement this morning that they would be selling $12 million worth of stock privately for $4.25 a share and throwing in warrants exercisable at $5.51 a share.
Valence Tech (Nasdaq: VLNC) also struggled today closing down 8.31% at $3.09.
ZAP, Inc (OTCBB: ZAAP) rallied back today closing up 2.63% to close at $.78 additionally, other good news, ZAP has made arrangements to provide greater access to investors seeking investments in alternative energy stocks by positioning themselves as our feature company on the lithium-ion stocks page. We will be providing a featured company page that you can visit that will allow you to conduct your due diligence easily and quickly. Our feature company pages provide links to SEC filings, reports, news articles as well as message boards where the company is discussed. Our ZAP Inc featured company page will be appearing soon. Watch for it.
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SOLAR ENERGY STOCKS
Solar energy stocks couldn’t get it together after yesterdays losses so decliners once again led advancers 10 to 7.
China Solar led the way for advancers moving up 10.61% to close at $1.46 followed by Evolution Solar Corp (Pink Sheets: EVSO)
Evolution Solar (Pink Sheets: EVSO) followed suit closing up 7.73% at $2.37 on heavy volume, likely due, at least in part, to an aggressive Google AdWords campaign.
Canadian Solar (Nasdaq: CSIQ) struggled at the open and continued to decline throughout the day to close down 5.33% at $25.91.
SunPower Corporation (Nasdaq: SPWR) on the other hand, began to show a recovery early then the sellers took over and the stock never did get back on track. This decline tracks with the company’s announcement that they somehow had $25.1 million invested in auction rate securities that have lost significant liquidity since Wall Street brokerages stopped supporting them. SunPower stock closed down 3.89% at $73.29.
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GEOTHERMAL STOCKS
Geothermal stocks hung in there putting another one in the win column as advancers lead decliners 5 to 4.
Raser Technologies (NYSE/Arca: RZ) continued to recover as their stock moved up another 5.88% to close at $9.90.
PG&E (NYSE: PCG) also pushed back into the green today closing up 4.12% at $39.13.
Nevada Geothermal (OTCBB: NGLPF), on the other hand gave back previous gains closing down 11.68% to $1.05 as did US Geothermal (Amex: HTM) stock which retreated by 5.04% back to $2.26.
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WIND ENERGY STOCKS
Wind energy sector also held on to green with advancers edging out decliners 8 to 7.
Kaydon Corporation (NYSE: KDN) had a respectable trading day as their stock moved up 2.24% to close at $50.67 while Composite Technology Corporation started the day down but rallied mid day showing strength to the close and finished up 2.09% to $1.22 on solid but lower than average volume.
On the other hand, American Superconductor (Nasdaq: AMSC) still can’t catch a break as the stock continues to adjust downward based upon their Q2 performance. Apparently no one told the market that Janco Partners has just upgraded AMSC from an Accumulate to a Buy. The stock finished today down 7.8% to $26.00.
Advanced Battery Technologies, Inc Nnasdaq: ABAT) also had another tough day closing down 7.23% at $5.13.
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BIOFUEL STOCKS
The Biofuel sector finished in the money today as advancers beat out decliners 8 to 6.
Pacific Ethanol (Nasdaq: PEIX) had another great day trading up 12.323% to close at $2.37. That’s two double digit days in a row.
Archer Daniels Midland Co (NYSE: ADM) finally turned it around ending the day up 1.77% at $26.49
Nova Biosource Fuels (Amex: NBF) wasn’t so lucky. It’s stock dropped 5.88% to $.32.
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FUEL CELL STOCKS
Fuel Cell stocks got got back on track today as advancers led decliners 8 to 6.
Plug Power (Nasdaq: PLUG) stock recovered from two days of declines by charging back and posting a 13.40% gain to close at $2.37.
Quantum Fuel Systems (Nasdaq: QTWW) finished up a great week closing up again to finish the day up 5.96% at $1.96. The stock began the week around $1.60.
Hoku Scientific Inc (Nasdaq: HOKU) didn’t fare so well; it ended the session down 2.36% at $5.79.
Mechanical Technology (Nasdaq: MKTY) was another noteworthy loser closing down 4.52% to $2.96.
Alt-EnergyStocks.com – Your Resource for Alternative Energy Stocks
NUCLEAR ENERGY STOCKS
The nuclear energy stocks had trouble again today as decliners led advancers by 8 to 4 but again without real movement in either direction.
Southern Co. (NYSE: SO) was the top winner gaining 3.51% to close at $36.57 while top loser honors go to Uranium Energy Corp (Amex: UEC) which gave up 3.33% to close at $2.03
