Alternative energy stocks closed mixed with an upward bias as the Dow made a modest recovery led by oil and metals following predictions of a 29% increase in the price of oil by the end of the year. Oil made an upward move early only to collapse mid day then stage yet another rally closing finally at $115.38.
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SOLAR ENERGY STOCKS - Visit our Solar Energy Stock Page – Your source for solar energy stocks
Solar energy stocks topped the list oft alternative energy stocks sectors as advancers trounced decliners 14 to 1.
Ascent Solar Technologies Inc (Nasdaq: ASTI) lead all gainers in the solar sector closing up 15.91% to close at $8.96 on average volume.
Canadian Solar Inc (Nasdaq: CSIQ) followed closely behind adding 15.22% to its stock to close at $31.80 on about twice normal volume.
Energy Conversion Devices, Inc (Nasdaq: ENER) also turned a double digit day gaining 10.28% to end the day at $77.64.
WorldWater & Solar Technologies Corp (OTCBB: WWAT) somehow managed to snatch defeat from the jaws of victory losing 6% to close at $.47.
GEOTHERMAL STOCKS - Visit our Geothermal Stock Page - Your Source for geothermal stocks
Geothermal stocks saw 3 stocks advancing for every 4 stocks which ended in the red.
Ormat Technologies Inc (NYSE: ORA) had another good day today closing up another 3.82% at $50.27.
And Raser Technologies’s (NYSE/Arca: RZ) carried yesterday’s loss forward today and added another 7.03% to end the day at $7.80. It’s certainly beginning to look like Jeffries & Co may have had their mojo working when they initiated coverage on July 23rd with a “sell” rating and a target price of $7.00. The stock had closed on the 22nd at $11.70.
WIND ENERGY STOCKS - Visit our Wind Energy Stocks Page – Your source for wind energy stocks
Wind energy sector performed well today with advancers outpacing decliners 6 to 3.
Broadwind Energy Inc. (OTCBB: BWEN) set the pace early and led the field into the finish closing up 8.50% at $18.50 followed at a distance by American Superconductor Corporation (Nasdaq: AMSC) which managed to move up 4.63% at 25.11 espite some mid afternoon selling that took a little steam out of the stock.
Nacel Energy Corp (OTCBB: NCEN) fought selling all day but really got hit near the close and when the dust settled, the stock was down 14.29% at $.60.
NUCLEAR ENERGY STOCKS - Visit our Nuclear Energy Stocks Page – Your source for solar energy
Nuclear energy stocks had a heck of a day as advancers easily beat decliners by 8 to 1 but lacked commitment as most moved up only marginally.
Cameco Corp (NYSE: CCJ) recovered from yesterday’s loss and closed up 3.42% at $28.72 followed by Constellation Energy Corp (NYSE: CEJ) which saw it’s stock gain 3.03% to close at $64.52.
But USEC Inc (NYSE: USU) steadfastly refused to give up its losing ways and stood alone in the red and down .7% at $5.69.
LITHIUM-ION STOCKS – Visit our Lithium-ion Stock Page – Your source for Lithium-ion stocks
Lithium-ion stocks struggled and ended up with a score of 5 up and 7 down.
Enova Systems (Amex: ENA) led the advancers closing up 4.93% at $2.34 on volume so light one extra seller could have turned the entire day around and put the stock in the red. It was followed by Arotech Corp (Nasdaq: ARTX), the other leading advancer and, like ENA, volume was extremely light but the stock did finish up 2.47% at $1.66.
In sharp contrast was Advanced Battery Technologies Inc (Nasdaq: ABAT) which closed down 4.04% to $3.80 on about 50% more volume than normal.
Hybrid Technologies Inc (OTCBB: HYBR) was the other top loser today as its stock declined 4.61% to $2.69 on respectable volume.
FUEL CELL STOCKS - Visit our Fuel Cell Stocks Page – Your source for solar energy stocks
The Fuel Cell sector ended the day up, finally, as advancers led decliners by 6 to 4.
Hoku Scientific Inc (Nasdaq: HOKU)
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.
BIOFUEL STOCKS - Visit our Biofuel Stocks Page – Your source for biofuel stock
The Biofuel sector pushed as advancers equaled decliners today.
Valcent Products Inc (OTCBB: VCTPF) was the top biofuel gainer today closing up 3.45% at $.60 while Raven Biofuels (OTCBB: RVBF) was the top loser closing down 8.51% to $.43.
