Solar and Biofuel were the contrarians again today but in the opposite direction as the rising Dow tide lifted all the alternative energy stocks except for solar and biofuel which found themselves slipping ‘neath the metaphorical waves to close down. The Dow, propelled by strengthening energy stocks due to rising oil prices thanks to Gustavian angst caught much of the market in its current. Oil rose a point to $116.27 on supply concerns as Hurricane Gustav aimed its sights at the Gulf of Mexico providing big oil with yet another opportunity to demonstrate that hurricanes do not an environmental disaster make and that increased offshore drilling does not pose a material risk to the environment but rather a viable adjunct to an aggressive policy of alternative energy development on the path to foreign oil independence.
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FUEL CELL STOCKS - Visit our Fuel Cell Stocks Page – Your source for solar energy stocks
The fuel cell sector finally gets to sit at the head of the table as advancers overran decliners by 8 to 2.
FuelCell Energy Inc (Nasdaq: FCEL) led the fuel cell parade upward closing up 2.57% at $8.38.
Hoku Scientific Inc (Nasdaq: HOKU) followed close behind closing up 2.19% at $6.07.
Hydrogenics Corp (Nasdaq: HYGS) wasn’t so lucky as shareholders watched their stock drop by 5.11% to close at $1.30.
Quantum Fuel Systems (Nasdaq: QTWW) also stumbled after opening strongly and crossed into the red never to turn it around. Their stock lost 3.35% and closed at $1.73.
NUCLEAR ENERGY STOCKS - Visit our Nuclear Energy Stocks Page – Your source for solar energy
Nuclear energy stocks were the other top dog of the day as advancers outpaced decliners by 10 to 1.
Entergy Corp (NYSE: ETR) capitalized on yesterdays slim gain by adding another 3.15% today to close at $106.11.
Uranium energy Corp (Amex: UEC) was another strong performer today as its stock climbed 2.2% to close at $1.86.
But USEC Inc (NYSE: USU) kept it real, however, by losing 2.48% to end the session at $5.50.
GEOTHERMAL STOCKS - Visit our Geothermal Stock Page - Your Source for geothermal stocks
Geothermal stocks were bubbling with enthusiasm today as advancers overpowered decliners by 7 to 2.
US Geothermal (Amex: HTM) made up for a mediocre yesterday ratcheting up their stock by 8.52% to close at $1.91. .
Raser Technologies’s (NYSE/Arca: RZ) reversed its downward slide by gaining 4.05% to close at $8.22.
Sierra Geothermal Power Corp (CDNX: SRA.V) saw its stock head in an entirely different direction as their stock closed down 10.87% to $.41. The other loser was Canadian as well with Western Geopower Corp (CDNX: WGP.V) closing down 1.75% to $.28. Overall, not a great day for the Maple Leaf boys.
WIND ENERGY STOCKS - Visit our Wind Energy Stocks Page – Your source for wind energy stocks
Wind energy sector went 6 up and 3 down for a good day by any standards.
Nacel Energy Corp (OTCBB: NCEN) really got its mojo working today after yesterday’s 17% rally and brought home a remarkable 64.81% gain to finish the session at $.89 after seeing $.95. Breathtaking really, without news.
Broadwind Energy Inc’s (OTCBB: BWEN) 3.99% gain to close at $18.25 looked pretty anemic by comparison but really is respectable
Composite Technology Corporation (OTCBB: CPTC) struggled early than gave up to the sellers and finished down 3.54% at $1.09
LITHIUM-ION STOCKS – Visit our Lithium-ion Stock Page – Your source for Lithium-ion stocks
Lithium-ion stocks also managed to finish up for the day as advancers edged out decliners 6 to 5.
Enova Systems Inc (Amex: ENA) led the way to the upside gaining 8.45% to $2.54.
Valence Technology Inc was a distant second gaining 2.47% to close at $3.47
ZAP INC. (OTCBB: ZAAP) struggled early but made a valiant rally late to head back into winning territory only to run into some last minute selling to wind up down only 2.57% at $.77.
Ener1 Inc. (Amex: HEV) was the other leading decliner today as their stock lost 2.47% and finished the day at $6.72.
SOLAR ENERGY STOCKS - Visit our Solar Energy Stock Page – Your source for solar energy stocks
Solar energy stocks got punished for gaining on a losing day yesterday and wound up seeing decliners trounce advancers by 14 to 3. Go figure.
First Solar Inc (Nasdaq: FSLR) managed to hold it together long enough to stay in the green at the close and finished up .63% at $272.76 while Applied Materials (Nasdaq: AMAT) also held on to a gain finishing up .39% at $18.19..
Trina Solar Ltd (NYSE: TSL) had no such luck as its stock dropped 8.66% to close at $31.02 and this despite a strong announcement yesterday about their increased polysilicon buys.
Suntech Power Holdings Co Ltd (NYSE: STP) also saw its shares fall as their stock closed down 6.18% to $43.13.
BIOFUEL STOCKS - Visit our Biofuel Stocks Page – Your source for biofuel stock
The Biofuels was the other sector closing down as decliners led advancers 7 to 1.
Southridge Enterprises Inc. (OTCBB: SRDG) a new addition to our list of lithium stocks had a very strong showing today as its stock climbed back up by 66.67% to %$.05 from yesterday’s close. The news of funding for an ethanol plant
Nova Biosource Fuels (Amex: NBF) was one of the more noteworthy decliners as its stock dropped 6.06% to close at $.31.
New Generation Biofuels Holdings, Inc (Amex: GNB) was hot on NBF’s tail with its stock closing down 5.66% to finish the day at $4.67.
