Alternative energy stocks closed on the downside as a plummeting Dow sucked the life out of the entire market and people ran for the cover of cash. Disappointing jobless new coupled with lackluster retail sales triggered the sell off as and the bear rally was unstoppable. The Dow ended down 2.99% at 11,188.23. The fact that oil dropped another $1.59 to$107.76 was pretty much lost in the fray.
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LITHIUM-ION STOCKS – Visit our Lithium-ion Stock Page – Your source for Lithium-ion stocks
Lithium-ion stocks had only two gainers today decliners numbered 11.
Advanced Battery Technologies (Nasdaq: ABAT) finished in the green by closing up 1.54% to $3.96. They had a much better day going till the Dow started tanking but managed to hold on to the upside.
Honda Motor Company (NYSE: HMC) was other stock in the green as its stock finished up .15% at $32.85.
Altair Nanotech Inc (Nasdaq: ALTI) finished further down than any other lithium ion stock losing 9.85% to $1.83 following the announcement that a joint development deal with Eli Lilly had been axed.
General Motors (NYSE: GM) was second down 5.24% at $10.68.
NUCLEAR ENERGY STOCKS - Visit our Nuclear Energy Stocks Page – Your source for solar energy
Nuclear energy stocks also had only 2 winners compared to 8 losers.
USEC Inc (NYSE: USU) started on the down side but managed to move into positive territory and stay there the rest of the trading session. The stock finished up 2.1% at $5.84.
Uranium Energy Corp (Amex: UEC) also managed to hold on to the green closing up .54% to close at $1.68. Hey, that may be just a penny but still… it’s a win.. right?
Cameco Corp (NYSE: CCJ) was the only stock suffering meaningful losses as their stock fell 4.59% to $26.81.
GEOTHERMAL STOCKS - Visit our Geothermal Stock Page - Your Source for geothermal stocks
Like the two that preceded it the Geothermal sector also had 2 stocks that had winning ways compared to 7 that succumbed to the downward pull of the Dow.
Nevada Geothermal (OTCBB: NBLPF) gave the best showing closing up 2.08% to end the day at $.98 while Calpine Corp (NYSE: CPN) managed to hold on to a 1.13% gain to end the session at $17.01.
To the downside, US Geothermal Inc (Amex: HTM) shareholders hurt more than most as their stock fell 10.8% to finish the day at $1.90.
Raser Technologies was the other material loser as their stock fell 5.07% to finish at $7.86.
WIND ENERGY STOCKS - Visit our Wind Energy Stocks Page – Your source for wind energy stocks
Wind energy sector did better with three stocks finding pay dirt compared to 10 winding up in the red.
Welwind Energy Intl (OTCBB: WWEI) had a great day gaining 41.54% to $.092 on more than twice normal volume following their announcement at the open of a Joint Venture deal with Ningxia Electric Power. Ningxia Hui Autonomous Region is a region in China
Wind Energy America (OTCBB: WNEA) had a respectable day as well closing up 6.78% at $.63.
Mass Megawatt Wind Power Inc (OTCBB: MMGW) also managed to stay in positive territory closing up 5.59% at $1.70.
Nacel Energy Corp (OTCBB: NCEN) struggled today closing down 7.86% to $1.29.
Juhl Wind Inc (OTCBB: JUHL) finished down 6.58% at $3.55 but volume has fallen off so badly that once needs to be concerned about liquidity on this issue. Only 2,990 shares traded today, a pittance compared to the 50,000 to 500,000 a day when it first came into the market.
SOLAR ENERGY STOCKS - Visit our Solar Energy Stock Page – Your source for solar energy stocks
It was losers over winners 11 to 4 in the Solar energy sector today.
Biosolar Inc (OTCBB: BSRC) kept up its winning ways by moving up another 4.76% to $.44.
Energy Conversion Devices (Nasdaq: ENER) was the big decliner in the solar sector today closing down 5.81% to $64.64. The stock has shown remarkable strength since early may as new CEO Mark Morelli continues the turnaround. Hopefully, this is only establishing a new support level.
FUEL CELL STOCKS - Visit our Fuel Cell Stocks Page – Your source for solar energy stocks
The fuel cell sector had three significant stocks in the green today and seven on the downside.
Hydrogenics Corp (Nasdaq: HYGS) was best of the three gainers adding 3.48% to its stock as it closed as $1.19.
Plug Power Inc (Nasdaq: PLUG) had it toughest of the decliners losing 14.66% to end the session at $2.27.
BIOFUEL STOCKS - Visit our Biofuel Stocks Page – Your source for biofuel stocks
The Biofuels sector went 7 down and only 2 up today.
Dynamotive Energy Systems (OTCBB: DYMTF) fared well despite the bad overall market closing up 21.95% at $.25 following the report of the company’s second quarter results. Volume was around 6 times normal.
Valcent Products (OTCBB: VCTPF) couldn’t have cut it any closer as their stock finished up just $.003 at $.583. Still, a win is a win and a lot better than a loss.
Archer Daniels Midland (NYSE: ADM) was one of the top losers today as its shares fell 6.4% to close the day at $22.97.
