Alternative Energy Stocks had a mixed day with an upward bias as the Dow continued to show strength on declining oil, a continuing weak Euro surging .41% to 11782.35. Oil fell below $113 before rebounding slightly but still down at $114.
Starting today, we will be adding a factoring process into our reports to account for the volatility of some of the smaller issues. We want to give you the most accurate report possible but have noticed some of our reports have been swayed unreasonably by smaller issues that do not necessarily move in accordance to the same factors as larger issues. We are not discounting them totally, simply because they represent an essential part of this market and even are the dominant issues in some sectors but we will do our best to remove the influence of stocks that simply are up or down based upon if they close at the bid or the offer.
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GEOTHERMAL STOCKS Visit our Geothermal Stock Page - Your Source for geothermal stocks
Geothermal stocks enjoyed across the board wins as the primary players all were in the green today. The smaller issues closed down just as uniformly.
Raser Technologies (NYSE/Arca: RZ) was the big winner today and one of our Power Plays for the day. They closed up 5.86% at $10.48 following their announcement that they had acquired another 20,000 acres of geothermal leases bringing their total geothermal leases to about 50,000 acres. .
Calpine Corp shareholders showed their appreciation for the appointment of Jack Fusco as the new CEO by taking the Company’s stock up 3.81% to $16.60.
Essential Innovations Technology Corp (OTCBB: ESIV) was the day’s big decliner closing down 20% to $0.016 on nearly three times the normal volume.
LITHIUM-ION STOCKS – Visit our Lithium-ion Stock Page – Your source for Lithium-ion stocks.
Led by the automakers, Lithium-ion stocks enjoyed a winning day as gainers outpaced losers 7 to 5.
General Motors (NYSE: GM) had a particularly good day closing up 7.28% at $10.76.
Valence Tech (Nasdaq: VLNC) rebounded in a big way after yesterdays struggles closing up 12.3% at $3.47, helped perhaps by the 1st Quarter report they filed last Thursday showing revenues surpassing $11 million compared to just over $4 million a year ago.
Advanced Battery Technologies, Inc. (Nasdaq: ABAT) took the most heat again today as their stock fell another 4.87% to $4.88 despite releasing 2nd Q results showing a 53% increase in revenues to $11.7 million and a net increase in Net income of 42% to $4.7 million. We wonder if this could be due in part to a growing realization of the oppressive nature of the Chinese regime as a result of the recent Olympics coverage and the awakening by investors to the fact that China is not a friend to the United States.
SOLAR ENERGY STOCKS - Visit our Solar Energy Stock Page – Your source for solar energy stocks.
Solar energy stocks still struggle as decliners led advancers 9 to 3. The smaller stocks struggled in a similar fashion.
Canadian Solar (Nasdaq: CSIQ) was up early only to retrace to even mid day then rallied back in the last quarter to give shareholders a win closing up 3.82% to $26.90.
SunPower Corporation (Nasdaq: SPWR) was another noteworthy winner as their stock moved up after a weak start to the day gaining 3.22% to close at $76.65. Still, you may want to watch this one because 15 minutes before the close UBS released that they were downgrading SunPower stock from Buy to Neutral.
First Solar Inc (Nasdaq: FSLR) struggled from the start losing 3.83% to $248.00 despite a late attempt at a rally followed closely by Daystar Technologies, Inc which closed down 3.66% to $3.16.
WIND ENERGY STOCKS - Visit our Wind Energy Stocks Page – Your source for wind energy stocks.
Wind energy sector had a push as advancers matched decliners.
Kaydon Corporation (NYSE: KDN) had another good day moving up another 5.53% to close at $53.47.
American Superconductor (Nasdaq: AMSC) got back on track today closing up 1.85% at $26.48.
Wind Energy America (OTCBB: WNEA) got hammered as sellers ruled the day with the stock dropping 20% to $.52 on trading about 3 times normal volume.
Juhl Wind (OTCBB: JUHL) also slipped closing down 3.15% to $4.00.
BIOFUEL STOCKS - Visit our Biofuel Stocks Page – Your source for biofuel stocks.
The Biofuel sector could hardly find green as the decliners overpowered the advancers by 5 to 2. .
Valcent Products Inc (OTCBB: VCTPF) was a beacon of hope midst a sea of red as its stock pushed up 12% to end the day at $.56 on average volume while Xethanol Corporation (Amex: XNL) held on to a winning session closing up 2.13% to $.48 on light volume.
Pacific Ethanol’s (Nasdaq: PEIX)winning streak came to an abrupt end as the stock giave back Friday’s gains closing down 13.5% to $2.05. Apparently callers to “Psychic Friends Network” gapped the stock down at the open and were selling before PEIX held it’s 10 AM earnings call and everyone else joined the inside crowd following the call when wider-than-expected losses were disclosed. As Mr. T would probably say, “I pity the fool who bought into Friday’s late day rally.”
Nova Biosource Fuels, Inc (Amex: NBF) also hit a slippery patch, it was trading up all day then, right at the close someone smacked it and it ended down another 3.12% to $.31.
FUEL CELL STOCKS - Visit our Fuel Cell Stocks Page – Your source for solar energy 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.
NUCLEAR ENERGY STOCKS - Visit our Nuclear Energy Stocks Page – Your source for solar energy stocks.
The utilities fared well today helping the nuclear energy stocks close up with advancers leading decliners by 7 to 4.
Southern Co. (NYSE: SO) was a top producer again today closing up another 2.68% to $37.55 with USEC (NYSE: USU) keeping pace and closing up 2.8% to $5.14. Southern Co. has been on a roll since Friday with increased volume and a steady advance. This is one you might want to keep an eye on.
Cameco Corp had a less enjoyable day as it started down at the open then made an attempt to get back into the green on the Company’s announcement that it had completed its Kintyre property acquisition but it wasn’t enough and just fell short then fell back again a bit as the day wound down. The stock ended up down 3% at $31.68.
