Alternative energy stocks closed on the downside again today as inflation concerns coupled with nervousness surrounding Fannie Mae and Freddie Mac took the Dow down another 1.14% to close at 11,348.55. Oil appeared to be consolidating as it briefly ran up to the $116 mark before falling back and closing at $114.53 still up for the day.
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SOLAR ENERGY STOCKS - Visit our Solar Energy Stock Page – Your source for solar energy stocks
Solar energy stocks did their best to hold their own today and almost made it as decliners barely edged out advancers by 8 to 7.
LDK Solar Co. Led (NYSE: LDK) lead gainers in the solar sector today as its stock moved up 4.20% to close at $44.20.
Energy Conversion Devices, Inc (Nasdaq: ENER) also turned an admirable performance today opening down in the first few minutes of trading only to move back up with a real commitment to the upside. The stock finished the day up 4.03% at $70.40
On the downside, Evergreen Solar Inc (Nasdaq: ESLR) opened down and continued fading all day winding up down 5.16% at $9.19 on half normal volume.
Daystar Technologies Inc (Nasdaq: DSTI) also struggled taking early hits and never recovering. The stock finished the session down 3.70% at $3.12.
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Geothermal stocks fell today with decliners leading advancers 4 to 3.
Ormat Technologies Inc (NYSE: ORA) had a good day though closing up 2.8% at $48.42.
Raser Technologies’s (NYSE/Arca: RZ) rebound was short lived as the stock turned around again and dropped 5.09% to close at $8.39.
US Geothermal (Amex: HTM) also struggled from the outset and finishing the day down 2.73% at $2.14.
WIND ENERGY STOCKS - Visit our Wind Energy Stocks Page – Your source for wind energy stocks
Wind energy sector ended down as decliners led advancers 7 to 2.
Constellation Energy (NYSE: CEG) bucked the trend by closing up 1.71% at $62.62.
Composite Technology Corporation (OTCBB: CPTC) led all decliners closing down 5.36% at $1.06 despite announcing more orders for ACCC conductors before the open this morning.
Kaydon Corporation (NYSE: KDN) also had difficulty with their stock losing 1.84% at $52.77.
NUCLEAR ENERGY STOCKS - Visit our Nuclear Energy Stocks Page – Your source for solar energy
Nuclear energy stocks pushed again today as advancers equaled decliners.
USEC Inc (NYSE: USU) led the day for the second day in a row as their stock moved up 2.69% to close at $5.73.
Cameco Corp (NYSE: CCJ) was the top loser amongst the nuclear stocks giving up 3.38% to close at $27.77.
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Lithium-ion stocks struggled across the board with all but one stock losing ground.
Superlattice Power (OTCBB: SLAT) managed to keep out of the loss column with their stock closing up 5.07% to $1.45 on only 6,000 shares of volume.
Altair Nanotechnologies Inc. (Nasdaq: ALTI) started falling at the open and despite a weak attempt at midday to rally, it never could get back to even closing down 11.76% at $2.25. It was followed by Ener1 Inc. (Amex: HEV) which saw its stock lose 6.46% of its value to close at $7.24
BIOFUEL STOCKS - Visit our Biofuel Stocks Page – Your source for biofuel stock
The Biofuel sector also had a down day as decliners led advancers 5 to 2
Standing heads and shoulders above all others in its sector, Nova Biosource Fuels, Inc (Amex: NBF) continued its rally from yesterday and moved up another 23.33% to $.37.
Gushan Environmental Energy Limited (NYSE: GU), on the other hand, made it three down days in a row giving up another 9.13% and finishing the day at $10.25. This would be a stock to watch having lost over $2 in the last three trading sessions.
FUEL CELL STOCKS - Visit our Fuel Cell Stocks Page – Your source for solar energy stocks
The Fuel Cell sector is still trying to catch a break but improved with decliners only beating out advancers by 6 to 4. .
Hydrogenics Corp (Nasdaq: HYGS) defied acted like it was a bull market as its stock ran up 16.52% to close at $1.34.
Mechanical Technology (Nasdaq: MKTY) wasn’t so lucky as its stock dropped 10.19% to end the day at $2.38.
