Solar energy stocks claimed the spotlight today as alternative energy stocks closed to the upside as the Dow kept in the green but just barely closing up .38% at 11,659.90. Hopes of increasing consumer confidence were spurred by lower futures prices and oil continuing its decline toward the $100 mark. Oil fell sharply today into the mid $111’s before crawling back up to $113.70, making for yet another down day. 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.
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SOLAR ENERGY STOCKS - Visit our Solar Energy Stock Page – Your source for solar energy stocks
Solar energy stocks were the pride of the alternative energy markets as SunPower led the entire sector higher with advancers blowing out decliners 13 to 2.
SunPower Corporation (Nasdaq: SWPR) gapped up at the open and stayed up all day based upon last night’s announcement that the company had signed a 250MW contract with PG&E. The stock closed up 17.75% at $92.52 on nearly 4 times the average volume. Investors picking up SunPower on July 9 at $61.23 have earned bragging rights for sure.
Suntech Power Holdings Inc (NYSE: STP) coat tailed SunPower coming in a distant second but still up strongly with a 9.39% gain to $37.38
Canadian Solar (Nasdaq: CSIQ) gapped up at the open with the rest of the solar sector but couldn’t hold the gain and saw its stock decline throughout the rest of the trading session and closed down 1.53% to $28.26 reiterating the fickle nature of investors in emerging growth industries. Unable to keep pace with sector leaders in advancing their guidance, CSIQ has fallen out of comparable favor as it meets but does not exceed market expectations.
WIND ENERGY STOCKS - Visit our Wind Energy Stocks Page – Your source for wind energy stocks
Wind energy sector ended down as decliners edged out advancers 6 to 3.
Vesta Wind Systems (Pink Sheets: VWSYF) led all Wind energy stocks to the upside ending the day up 7.16% to $124.20 on heavier than normal volume.
Trailing behind Vesta but still to the upside Constellation Energy Group, Inc (NYSE: CEG) seems to have plugged the leak in its stock as it finished up 2.37% at $63.14. closed down 4.74% to $61.86 as it continues to run the gauntlet of bad news, as UBS downgraded their stock from Buy to Neutral on credit concerns. It
Composite Technology Corp (OTCBB: CPTC) gave up 3.23% closing at $1.20Kaydon Corporation (NYSE: KDN) also had a good day closing up 3.87% at $55.78. The Company released a transcript of its shareholder conference call on EDGAR after the close of the market. We have found that disclosures published after the close on Friday are usually good ones to read as it suggests that the company might prefer limited viewership.
NUCLEAR ENERGY STOCKS - Visit our Nuclear Energy Stocks Page – Your source for solar energy
Nuclear energy stocks got passing marks today as advancers led decliners 6 to 4.
NRG Energy Inc (NYSE: NRG) led the winners by a considerable margin closing up 5.48% at $37.15 1.68% at $35.22.
Cameco Corp (NYSE: CCJ) went in the other direction closing down 7.79% at $28.78 as investors continued to express their displeasure at sagging profits and delays at Cigar Lake.
GEOTHERMAL STOCKS - Visit our Geothermal Stock Page - Your Source for geothermal stocks
Geothermal stocks hung on to close on the upside as advancers edged out decliners 4 to 3.
Calpine Corp (NYSE: CPN) was the geothermal winner as their stock moved another up 3.91% to $17.00.
Conversely, Raser Technologies (NYSE/Arca: RZ) got hammered today as word got out that the company was pricing its latest offering at $8.95, never a good idea for a stock that opened at $10.09. The stock gapped down at the open and hung out sub $9 to close down 14.47% at $8.63 on about 5 times normal volume.
LITHIUM-ION STOCKS – Visit our Lithium-ion Stock Page – Your source for Lithium-ion stocks
Lithium-ion stocks closed up today, as advancers led decliners 7 to 4.
Enova Systems Inc (Amex: ENA) seemed to recover from struggles gapping up at the open and holding on despite a brief dip into the red before finishing strong and closing up 5.33 $2.37.
General Motors (NYSE: GM) was the only automaker in the red as profit takers dominated and left the stock off 1.5% at $11.18, still a great week for the company up a buck since last Friday’s close.
Valence Technology, Inc (Nasdaq: VLNC) was another stock hit by profit taking as it finished the day down 1.79% at $3.71 after closing up 9.24% yesterday.
BIOFUEL STOCKS - Visit our Biofuel Stocks Page – Your source for biofuel stocks
The Biofuel sector finished in the green with advancers eclipsing decliners 5 to 4
New Generation Biofuels Holdings (Amex: GNB) was a top gainer but only pulled up 2.04% and closed at $4.99
Nova Biosource Fuels, Inc (Amex: NBF) had a tough day as their stock got smacked at the open, mid day and again at the end of trading. All in all, they gave up 26.67% to close at $.22 on higher than usual volume.
FUEL CELL STOCKS - Visit our Fuel Cell Stocks Page – Your source for solar energy stocks
The Fuel Cell sector had a disappointing day with decliners overpowering advancers 7 to 3.
Ballard Power Systems closed up 1.34% to $4.55, perhaps in tribute to fuel-cell industry pioneer and founder Geoff Ballard. Ballard also started General Hydrogen which was bought out by Plug Power last year for $10 million.
Quantum Fuel Systems (Nasdaq: QTWW) led decliners as its stock retreated 2.4% to close at $2.03.
