Alternative energy stocks closed on the downside today as the Dow took a 1.55% hit over renewed concerns about the health of Freddie Mac and Fannie Mae and banks in general and closed at 11,479.39. Oil strengthened early but fell sharply over weather concerns but fell sharply midday to $112 before rebounding back to almost $113. Concerns continue regarding tensions in Georgia added to investor nervousness. 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 underscores how our attitude toward oil independence has contributed to global insecurities.
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GEOTHERMAL STOCKS - Visit our Geothermal Stock Page - Your Source for geothermal stocks
Geothermal stocks managed to hold on to a winning day as advancers squeaked by decliners 4 to 3.
Raser Technologies (NYSE/Arca: RZ) rebounded from their pummeling on Friday to close up 2.46% at $8.84.
PG&E (NYSE: PCN) also moved up today adding 1.9% to the value of their stock which closed at $40.25.
Ormat Technologies Inc (NYSE: ORA) wasn’t so lucky as their stock lost 1.24% to close at $47.10.
SOLAR ENERGY STOCKS - Visit our Solar Energy Stock Page – Your source for solar energy stocks
As great as Solar energy stocks were on Friday, they were nearly bad today as decliners owned the day surpassing advancers the pride of the alternative energy markets as SunPower led the entire sector higher with advancers blowing out decliners 13 to 3.
BioSolar Inc (OTCBB: BSRC) was one of the few gainers in the solar sector. Its stock moved up 5.56% to close at $.38.
Evergreen Solar Inc (Nasdaq: ESLR) had an up and down day starting up before sticking a toe into the loss column before rallying to close up 1.15% at $9.6.
SunPower Corporation (Nasdaq: SWPR), Friday’s darling wasn’t able to hold on to all its gains as profit takers grabbed a handful and took the stock down 4.38% to close at $88.47.
Yingli Green Energy Holding Co. Ltd (NYSE: YGE) also struggled as sellers took over and drove the stock down 6.71% on heavier than usual volume.
WIND ENERGY STOCKS - Visit our Wind Energy Stocks Page – Your source for wind energy stocks
Wind energy sector ended down as decliners led advancers 8 to 3.
Broadwind Energy Inc (OTCBB: BWEN) was one of the winners as it posted a respectable gain of 2.28% to close at $17.05. Late selling took some of BWEN’s earlier gains away but the stock held on to the close to remain up.
Nacel Energy Corp (OTCBB: NCEN) didn’t fare so well as their stock dropped 10% to end the day at $.72.
NUCLEAR ENERGY STOCKS - Visit our Nuclear Energy Stocks Page – Your source for solar energy
Nuclear energy stocks pushed today as advancers equaled decliners.
USEC Inc (NYSE: USU) led the day as their stock moved up 3.72% to close at $5.58 on marginally higher volume than average followed by NRG Energy Inc (NYSE: NRG) which posted a respectable 2.50% gain to close at $38.08.
On the downside Constellation Energy Group (NYSE: CEG) gave up 2.49% to end today’s session at $61.57.
LITHIUM-ION STOCKS – Visit our Lithium-ion Stock Page – Your source for Lithium-ion stocks
Lithium-ion stocks struggled with a few exceptions as decliners led decliners 10 to 3..
ZAP Inc (OTCBB: ZAAP) was one of the few companies turning in a winning performance as their stock finished trading today up 2.56% at $.80 on solid volume.
Hybrid Technologies (OTCBB: HYBR) also had an up day as their stock closed up 2.76% at $2.98 on light volume.
General Motors (NYSE: GM) was in the red again today and led all lithium stock decliners as their stock fell 7.33% to close at $10.36.
Altair Nanotech Inc (Nasdaq: ALTI) was another of the leading decliners as their stock fell 4.85% to close at $2.55.
BIOFUEL STOCKS - Visit our Biofuel Stocks Page – Your source for biofuel stock
The Biofuel sector finished solidly in the read as decliners trounced advancers 6 to 2
Nova Biosource Fuels, Inc (Amex: NBF) recovered strongly from Friday’s troubles and closed up 36.36% at $.30.
Gushan Environmental Energy Limited (NYSE: GU) had a second tough day in a row after releasing their 2nd Q results Friday morning. Their stock finished down 7.92% at $11.28.
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 9 to 1.
Plug Power Systems (Nasdaq: PLUG) was the only stock worth mentioning on the upside today as its stock closed up a respectable 1.95% to $2.61.
UQM Technologies Inc (Amex: UQM) and Mechanical Technology (Nasdaq: MKTY) were the two big losers in the fuel cell sector losing 11.42% to $2.25 and 10.77% to $2.65 respectively.
