The mysterious recession being searched for by Democrats everywhere once again eluded capture as the Commerce Department released a report saying that the US gross domestic product (GDP) grew at a 3.3 percent annual rate, well beyond economist’s expectations. In response the Dow continued its upward movement adding 1.85% to end the day at 11,715.18. Oil continued to remain volatile with uneasiness as Tropical Storm Gustav becomes more ominous by the day and threatens to grow into a major hurricane as it works its way through the Gulf oil fields. Oil closed the day at $115.55. Still, with the Labor Day weekend approaching, stocks lacked the movement we normally see.
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Nuclear energy stocks moved up again today as advancers led decliners 7 to 3.
Uranium Energy Corp (Amex: UEC) had the best day of all nuclear energy stocks closing up 5.35% at $1.97.
NRG Energy Inc (NYSE: NRG) led the decliners losing only 1.98% to close at $38.11.
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Geothermal stocks narrowly kept their upward trend alive today as advancers edged out decliners by 4 to 3.
Sierra Geothermal Power Corp (CDNX: SRA.V) was the top gainer in the geothermal sector with its stock closing up 11.11% $.50.
US Geothermal was another noteworthy gainer as it saw its stock move up 7.73% to close at $2.09.
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Wind energy sector were strong today as advancers blew away decliners 10 to 1.
Nacel Energy Corp (OTCBB: NCEN) shows no sign of slowing its upward drive as its stock gained yet another 19.51% to close at $1.47. You definitely want to 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. We’ve got no dog in this fight but just want you to pay attention. This stock is moving.
Mass Megawatts Wind Power Inc (OTCBB: MMGW) had a less sterling day as its stock dropped 8.33% to $1.65.
LITHIUM-ION STOCKS – Visit our Lithium-ion Stock Page – Your source for Lithium-ion stocks
Lithium-ion stocks revived today with advancers leading decliners by 8 to 4..
Ener1 Inc. (Amex: HEV) was the top advancer again today as their stock gained another 4.48% to close at $7.47.
Ford Motor Company (NYSE: F) led the the automakers and finished just behind HEV by closing up 3.99% to $4.43.
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Solar energy stocks kept moving up today as advancers outpacing the decliners by 11 to 2.
DayStar Technologies Inc. (Nasdaq: DSTI) really turned it around today as their stock moved up sharply closing up 10.22% to end the session at $3.45.
Energy Conservation Devices, Inc (Nasdaq: ENER) ran into trouble early and couldn’t get turned back around again and ended the day down 2.28% at $76.55.
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The fuel cell sector had a mixed day as advancers matched decliners.
Plug Power Inc (Nasdaq: PLUG) was a top performer among fuel cell stocks today as their stock gained 4.68% to close at $2.91.
FuelCell Energy Inc (Nasdaq: FCEL) gave back yesterday’s gains plus more today as their stock lost 12.53% to end the day down more than $1 at $7.68.
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The Biofuels finishes off the list with a winning day as advancers sneaked past decliners 5 to 4.
Bluefire Ethanol Fuels, Inc (OTCBB: BFRE) was a top biofuel winner today as its stock closed up 7.14% to close at $3.00.
Dynamotive Energy Systems (OTCBB: DYMTF) went the other direction and ended the day down 7.69% at $.24.
