Stocks whose core business is more heavily invested alternative energies showed some strength while companies with adjacent interests in AE stocks like automakers took a hit as the Dow fell .94% under continued economic and global concerns. Oil gained over $3 as the conflict in Georgia put their share of the world’s oil supply at risk. Make sure you read our blog titled Georgian Conflict Highlights the Urgency for American Oil Independence where we take an in depth look at how this conflict demonstrates how our attitude toward oil independence has contributed to global insecurities.
Alt-EnergyStocks.com – Your Resource for Alternative Energy Stocks
NUCLEAR ENERGY STOCKS – Visit our Nuclear Energy Stocks Page – Your source for solar energy
Nuclear energy stocks rallied today as advancers handily outdid decliners 8 to 2.
An announcement that they were commencing drilling is all it took this morning to get Uranium Energy Corp (Amex: UEC) to start moving to the upside and it continued all day long as the stock closed up a tidy 11.96% at $2.06.
NRG Energy Inc (NYSE: NRG) also made a respectable showing as it’s stock showed strength from the open and finished up 6.83% at $35.82.
Even Constellation Energy (NYSE: CEG) managed to recover from yesterdays revelations and today’s announcement by the S&P that it was downgrading the Company’s rating and still managed to post a 5.71% gain ending the day at $64.75. This suggests that perhaps yesterday’s sellers got a little over enthusiastic and oversold the stock.
Cameco Corp (NYSE: CCJ) on the other hand, turned yesterdays one point gain into a 3.22% loss to $30.99 today, perhaps as the market grasps the substance of yesterday’s announcement regarding their mining operations at Cigar Lake. If this delay is extended, look for the price of uranium and other uranium mining operations to show the effect from reduced supplies.
SOLAR ENERGY STOCKS – Visit our Solar Energy Stock Page – Your source for solar energy stocks.
Solar energy stocks performed well again today as advancers beat decliners 9 to 3.
Ascent Solar Technologies (Nasdaq: ASTI) was the top winner among solar energy stocks closing up 7.84% to $8.25. The stock continues to show strength in after-market trading.
Yingli Green Energy Co Ltd was another top performer in the solar sector closing up 6.16% at $15.68.
Canadian Solar (Nasdaq: CSIQ) appears to have been hit by profit taking early as the stock was hit will heavy selling from the open then rallied back from below $28 to finish down 4.34% to $29.59.
Trina Solar Limited (NYSEE: TSL) also gave back some of yesterday’s gains as it closed down 2.44% at $28.02.
Evolution Solar Corp (Pink Sheets: EVSO) had sellers continuing to pound on the stock taking it down another 10.83% to $2.14. A look at a three month chart shows a pattern that is mirroring last month’s rise and fall that took the stock to around $1.30. We’re far from technical experts but it’s worth a look.
GEOTHERMAL STOCKS – Visit our Geothermal Stock Page – Your Source for geothermal stocks
Geothermal stocks that gained matched those that lost and only one stock saw a move over 1%.
US Geothermal Inc (Amex: HTM) moved up 2.25% to $2.27 on less than half the usual volume.
LITHIUM-ION STOCKS – Visit our Lithium-ion Stock Page – Your source for Lithium-ion stocks.
Lithium-ion stocks really struggled today, led by the automakers all getting hit with the Dow. Decliners led advancers in the lithium ion sector 9 to 4.
General Motors (NYSE: GM) took the biggest hit of the entire sector closing down 7.57% to $10.26. After the market closed, the AP published an article stating that GM engineers reiterated that their revolutionary plug-in hybrid, the Chevy Volt is on schedule and that there is nothing standing in their way of meeting their stated target of a 2010 introduction.
Arotech Corp (Nasdaq: ARTX) was another stock that was a top mover downward as its stock lost 6.49% to close at $1.73 following release of their 2nd Quarter results showing a decline in both revenues and profits.
Valence Technology, Inc (Nasdaq: VLNC) was the top gainer in the lithium-ion sector today closing up 3.48% at $3.57
ZAP, Inc (OTCBB: ZAAP), the plug-in electric vehicle manufacturer, was the other top mover in the winners column gaining 1.87% to close at $.81.
WIND ENERGY STOCKS – Visit our Wind Energy Stocks Page – Your source for wind energy stocks.
Wind energy sector caught a following breeze as advancers soared well beyond decliners 6 to 3 a 180 degree shift from yesterday’s results.
Mass Megawatts Wind Power Inc (OTCBB: MMGW) let all gainers in the wind sector closing up 10.86% to $1.94.
FPL Group (NYSE; FPL) also bucked the Dow trend and closed up 1.78% at $60.09
American Superconductor (Nasdaq: AMSC) took another beating early today but, unlike yesterday, a late day rally fizzled out leaving the stock down 3.84% at $25.78.
BIOFUEL STOCKS – Visit our Biofuel Stocks Page – Your source for biofuel stocks.
The Biofuel sector had a down day today as decliners led advancers 5 to 2.
Pacific Ethanol Inc. (Nasdaq: PEIX) led the gainers in the biofuel sector finishing the session up 4.31% at $2.18 while Nova Biosource Fuels, Inc (Amex: NBF) was close behind as it ended its slide and closing up 3.45% at $.30.
Bluefire Ethanol Fuels Inc (OTCBB: BFRE) was the top loser as its stock fell 6.57% to $3.27. After the market closed BFRE filed its 10Q report for the quarter. Watch for market response in the morning.
FUEL CELL STOCKS – Visit our Fuel Cell Stocks Page – Your source for solar energy stocks.
The Fuel Cell sector saw decliners beating out advancers 6 to 4
Hydrogenics Corp (Nasdaq: HYGS) was the big mover in the win column today with its stock climbing 9.24% to end the day at $1.30.
Enova Systems (Amex: ENA) led decliners by falling 6.04% to close at $2.80.
Hoku Scientific (Nasdaq: HOKU) was another noteworthy decliners as it showed heavy volume in the pre-market opened down and stayed down closing at $5.41 down 2.52 in during the regular session and continued to decline, down another 2.16% in after market trading.
