Solar and Biofuel were the only alternative energy stock sectors to close to the upside as most sectors fell in sympathy with the Dow’s 2.08% drop today on banking worries and concern regarding international industrial growth. Oil traded up 0.5% at $115.20 today as OPEC floated it was discussing cutting production. This further confirms the urgent nature of our need to become independent of foreign oil sooner rather than later.
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SOLAR ENERGY STOCKS – Visit our Solar Energy Stock Page – Your source for solar energy stocks
Solar energy stocks defied the trend by closing up in a down market today as advancers led decliners 9 to 6.
Solar Thin Film (OTCBB: SLTN) led all solar gainers today as its stock rose 9.33% to close at $.82.
Right on its tail was LDK Solar Co. Ltd which gained 9.25% on almost three times the normal volume and finished the day at $50.06. Todays gain is attributed to this morning’s press release which announced that the company had reached the 1 GW of production milestone ahead of schedule.
First Solar Inc (Nasdaq: FSLR) struggled all day as it opened down and stayed level all day with its stock closing off 4.17% at $271.04.
SunPower Corporation (Nasdaq: SWPR) gave back some more of its recent gains as its stock closed down 3.78% to close at $92.94.
BIOFUEL STOCKS – Visit our Biofuel Stocks Page – Your source for biofuel stock
The Biofuels was the other sector closing up as advancers beat decliners 5 to 3.
Pacific Ethanol (Nasdaq: PEIX) was one of the noteworthy winners today as its stock closed up 3.02% to $2.05. It was down almost the entire session but a late minute rally brought the stock into the green.
Gushan Environmental Energy Limited (NYSE: GU) was another stock making a respectable showing as its stock gained 2.88% to close at $10.73.
Bluefire Ethanol Fuels (OTCBB: BFRE) led biofuel decliners closing down 5.26% to $2.70 while Archer Daniels Midland (NYSE: ADM) shareholders probably went in search of his southern cousin “Jack” after the stock lost 3.05% to close at $25.41.
GEOTHERMAL STOCKS – Visit our Geothermal Stock Page – Your Source for geothermal stocks
Geothermal stocks suffered today as decliners overwhelmed advancers 6 to 1.
Calpine Corp (NYSE: CPN) fell into the red early and stayed there till minutes before the close then saw its stock rally to sneak into the green if just barely up .28% at $17.97. Regardless of its thinness, it’s a win and that always beats a loss. Nice save Calpine!
US Geothermal (Amex: HTM) wasn’t so lucky as it saw its stock fall 6.88% to close at $1.76.
Raser Technologies’s (NYSE/Arca: RZ) resumed its losing ways despite a Friday press release regarding their New Mexico project. The stock ended the day down 5.5% at $7.90.
WIND ENERGY STOCKS – Visit our Wind Energy Stocks Page – Your source for wind energy stocks
Wind energy sector performed poorly today as well with 7 decliners against 3 advancers.
Nacel Energy Corp (OTCBB: NCEN) dusted itself off after being beat up for two consecutive sessions and closed up strongly with a 17.39% gain to finish at $.54.
American Superconductor Corporation (Nasdaq: AMSC) didn’t do so well and led the decliners closing down 6.04% at $23.95. The stock dropped from the opening bell and about midday investors seemed go on break as volume dried up till minutes before the closing bell when a flurry of last minute trades shaved a few more cents off the stock. .
NUCLEAR ENERGY STOCKS – Visit our Nuclear Energy Stocks Page – Your source for solar energy
Nuclear energy stocks had a bit of a meltdown as losers clobbered winners 9 to 1.
Entergy Corp (NYSE: ETR) is another stock that struggled in the red all day only to stage a last minute rally to bring the stock into the green. The stock traded as low as $101.58 but ended the day up .36% at $102.87.
But USEC Inc (NYSE: USU) on the other hand rallied early and held a gain for over an hour this morning before getting beaten into submission as the stock fell into the red and stayed there closing down $2.93% to $5.64.
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 2 up and 10 down.
Advanced Battery Technologies Inc (Nasdaq: ABAT) was the top gainer of the two as they watched their stock gain 2.72% to close at $4.16.
ZAP INC. (OTCBB: ZAAP) was the other winner today with its stock closed up 1.28% to $.79.
Ener1 Inc. (Amex: HEV) was one of the standout losers today as their stock lost 6.77% and finished the day at $6.89.
Enova Systems Inc (Amex: ENA) was the other noteworthy loser closing down 5.94% to $2.34.
FUEL CELL STOCKS – Visit our Fuel Cell Stocks Page – Your source for solar energy stocks
It was 6 down and 3 up for the Fuel Cell sector today.
Hoku Scientific Inc (Nasdaq: HOKU) led all gainers and closed up 4.58% at $5.75.
Hydrogenics Corp (Nasdaq: HYGS) was another stock that bucked the losing trend as it closed up 3.01% to $1.37.
Mechanical Technology (Nasdaq: MKTY) continues to struggle as shareholders saw their stock lose 8.58% to $2.13.
FuelCell Energy Inc (Nasdaq: FCEL) started falling at the open and kept up all day to close down 3.88% at $8.17
