Alternative Energy Stocks had a mixed day as the Dow lost its momentum and gave back 1.19% to close at 11,642.47 on renewed credit worries. Reports of that oil demand during the first half of 2008 fell by an average 800,000 barrels per day (bpd) compared with the same period a year ago , the largest drop in 26 years, corresponded with another fall in oil prices to $113.01 despite potential interruptions in oil supply as a result of the conflict in Georgia, yet another reminder of the critical nature of replacing petroleum with alternative energies as soon as possible. Simply put, the high price of oil is making the bad guys richer, Russia included, and the good guys poorer and that can never be seen as a positive development.
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SOLAR ENERGY STOCKS - Visit our Solar Energy Stock Page – Your source for solar energy stocks.
Solar energy stocks shone brightly today as advancers led decliners 9 to 3.
Canadian Solar (Nasdaq: CSIQ) was the big winner today in the solar sector closing up 14.91% to $30.91 on heavy volume. The surge coincides with a sharp decline in the futures market and an announcement by Canaccord Adams that it was initiating coverage of the stock with a buy rating. The stock continues to show strength after market climbing another 1.1% at this point.
Trina Solar Limited (NYSEE: TSL) also had a good day as it gapped up at the open then continued to show strength closing up 6.13% at $28.72.
DayStar Technologies Inc (Nasdaq: DSTI) has been struggling for a few days and things only got worse today as the stock moved steadily down increasing near the end of the day and finishing down 6.33% at $2.96 on average volume.
Evolution Solar Corp (Pink Sheets: EVSO) also had a tough day with some serious selling coming at the open then pausing to breath before more serious dumpage was initiated mid morning. The selling died off till right before the close when a final bit of smackage occurred leaving the stock bruised but not broken as it ended the day down 11.76% at $2.40.
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.
Lithium-ion stocks pushed with advancing issues matching decliners today
General Motors (NYSE: GM) let the major auto manufactures closing up 3.16% at $11 while the electric auto company, ZAP Inc. (OTCBB: ZAAP) followed suit ending the day up 2.56% at $.80.
Enova Systems Inc (Amex: ENA) was another noteworthy climber finishing today’s session up 3.48% to $2.98.
Advanced Battery Technologies Inc. (Nasdaq: ABAT) didn’t fare so well getting hit early and often at the beginning of trading then valiantly working at a recovery but running out of steam before noon and making one last charge as the end of the day approached. The stock regained some losses but still closed down 3.69% to $4.70.
Hybrid Technologies Inc (Pink Sheets: HYBR) also struggled as with selling early and persistent throughout the day. An respectable attempt to recover was met with ample inventory on the part of sellers to hold off the recovery. The stock closed down 6.89% at $2.84.
WIND ENERGY STOCKS - Visit our Wind Energy Stocks Page – Your source for wind energy stocks.
Wind energy sector didn’t fare so well as decliners outpaced advancers 8 to 4, probably in reaction to the beating Constellation Energy took following publication of analysts concerns.
Shades of Enron… Constellation Energy (NYSE: CEG) was hit by revelations of analysts concerns about accounting practices; this following being upgraded last night by Jefferies and Co from Underperform to Hold. The result, CEG closed down 16.14% at $61.25 on 19 million shares, 8 times the average traded. Brutal is the word of the day here.
FPL Group (NYSE; FPL) took a sympathy beating closing down 2.72% at $59.04 as did several others we conclude.
American Superconductor (Nasdaq: AMSC) took a beating early too but rallied back to close up 1.25% at $26.81. One can only wonder what kind of day it would have been without CEG blood in the streets.
BIOFUEL STOCKS - Visit our Biofuel Stocks Page – Your source for biofuel stocks.
The Biofuel sector, on the other hand, had a very good day with advancers leading decliners 5 to 2.
Archer Daniels Midland (NYSE: ADM) strengthened nicely closing up 2.16% to $26.91 while Pacific Ethanol’s (Nasdaq: PEIX) regained its winning ways ending the session up 1.95% at $2.09.
Nova Biosource Fuels, Inc (Amex: NBF) also kept sliding and finished down 6.45% at $.29.
FUEL CELL STOCKS - Visit our Fuel Cell Stocks Page – Your source for solar energy stocks.
Fuel Cell stocks kept moving up today advancers led decliners 6 to 3.
Honda Motor Corp (NYSE: HMC) out did all other fuel cell corps closing up 2% at $33.74 followed closely behind by Ballard Power Systems (Nasdaq: BLDP) which closed up 1.64% at $4.35)
Quantum Fuel Systems (Nasdaq: QTWW) however saw its stock decline by 5.24% to $1.99.
NUCLEAR ENERGY STOCKS - Visit our Nuclear Energy Stocks Page – Your source for solar energy
Nuclear energy stocks suffered today as decliners outpaced advancers by 7 to 4, again in sympathy to Constellation Energy concerns.
Cameco Corp (NYSE: CCJ) managed to turn in a respectable 1.07% gain closing at $32.02 despite a report that they had temporarily suspended remediation work on one of their wells.
On the other hand NRG Energy Inc saw its stock decline 1.24% to $33.53.
