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Alternative Energy Stocks Continue Upward Up as the Dow Continues its Upward Trend

August 27th, 2008 · No Comments

Once again the Dow was lifted by rising oil as Gustav bears down on the gulf oil fields, durable goods orders showing a surprising increase and Fannae Mae and Freddie Mac getting some favorable opinions. The Industrial Averages closed up .79% to 11,502.51 to .  With supply a concern due to Gustav, oil closed up another $2 to $118.38.

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NUCLEAR ENERGY STOCKS - Visit our Nuclear Energy Stocks Page – Your source for solar energy

Nuclear energy stocks threw a perfect game today with every stock closing neutral or in the green. Kudos to our radioactive brethren.

USEC Inc (NYSE: USU) led all gainers today as its stock appreciated by 5.45% to close at $5.80.

It was followed by Cameco Corp (NYSE: CCJ) which finished the day up 3.67% at $30.25.

Constellation Energy (NYSE: CEG) was another noteworthy winner closing up 2.41% to $68.42. After a disastrous first half of the month, it appears as if CEJ is slowly working its way back up. Worth keeping an eye on anyway.

GEOTHERMAL STOCKS - Visit our Geothermal Stock Page - Your Source for geothermal stocks

Geothermal stocks continued their upward direction as advancers overpowered decliners by 6 to 1.

Nevada Geothermal (OTCBB: NGLPF) led all gainers in the geothermal sector today as their stock closed up 6.97% to $1.09 following their release today of an update on their Blue Mountain Geothermal Power Project.

PG&E also had a good day as its stock closed up 1.61% to 41.57.

Raser Technologies’s (NYSE/Arca: RZ) did another 180 degree about face today and closed down 4.14% to close at $7.88.

WIND ENERGY STOCKS - Visit our Wind Energy Stocks Page – Your source for wind energy stocks

Wind energy sector went 6 up and 3 down again today I wonder if there is such a thing as “The Pickens Effect”.

Nacel Energy Corp (OTCBB: NCEN) continued its hard charging ways today as its stock gained another 38.20% to close at $g today after yesterday’s 17% rally and brought home a remarkable 64.81% gain to finish the session at $1.23.  Put this stock on your list of ones to watch. It’s a long way back to where it was in June but this is a move worth noting.

American Superconductor Corporation (Nasdaq: AMSC) was another top performer in the wind sector as its stock closed up 4.23% to $25.11.

LITHIUM-ION STOCKS – Visit our Lithium-ion Stock Page – Your source for Lithium-ion stocks

Lithium-ion stocks struggled today with decliners leading advancers by 8 to 4. .

Ener1 Inc. (Amex: HEV) was the top advancer today as their stock gained 6.4% to close at $7.15 while Advanced Battery Technologies Inc was the top decliner falling 4.38% to finish the session at $3.93.

SOLAR ENERGY STOCKS - Visit our Solar Energy Stock Page – Your source for solar energy stocks

Solar energy stocks got restored their equilibrium today as the sector moved up with advancers outpacing the decliners by 10 to 7.

LDK Solar Co Ltd (NYSE: LDK) restored gains made on Monday after a session of profit taking and closed up 5.95% to $50.03.

Suntech Power Holdings Co Ltd (NYSE: STP) also turned in a sterling performance as their stock closed up 4.82% and finished the day at $45.21.

DayStar Technologies Inc. (Nasdaq: DSTI) was hit early and never could get traction to climb back up. Their stock closed down 3.09% at $3.13.

FUEL CELL STOCKS - Visit our Fuel Cell Stocks Page – Your source for solar energy stocks

The fuel cell sector couldn’t sustain the great day it had yesterday as decliners squeaked by advancers by 5 to 4.

FuelCell Energy Inc (Nasdaq: FCEL) was top gainer again today and closed up another 4.77% at  $8.78.

Quantum Fuel Systems (Nasdaq: QTWW) also performed well as their stock closed up 2.89% at $1.78.

BIOFUEL STOCKS - Visit our Biofuel Stocks Page – Your source for biofuel stock

The Biofuels finishes off the list with a winning day as advancers led decliners 6 to 4.

Raven Biofuels (OTCBB: RVBF) made the strongest showing today as its stock closed up 21.95% to close at $.50 on twice normal volume.

Archer Daniels Midland (NYSE: ADM) also had a good day closingup 1.82% to $25.70.

Dynamotive Energy Systems (OTCBB: DYMTF) was flat till mid day then met with some selling and again near the close to take the stock down 7.14% to $.26.

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