Geothermal stocks pitched a virtual shutout as all stocks closed either up or even for the day. To say this we are taking a little poetic license and ignoring the fact that PG&E actually closed down a piddling $.02. On a $36.81 stock, that’s the same as even in our book. The rest of...
ALTAIL NANOTECHNOLOGIES – Ships batteries to end warranty concerns Altair Nanotechnologies Inc. (Nasdaq: ALTI ) shareholders approved of the Company’s July 25, 2008 announcement that the “leading provider of advanced nanomaterials technology for use in energy, life sciences and industrial applications” has signed a new Principles of Agreement Letter with Phoenix Motorcars, Inc by...
No alternative energy sector was able to escape the downward pull of the Dow as it fell 2.43% on worries about the economy punctuated by Ford Motor Company’s report that it lost $8.7 Billion in the second quarter after factoring in some significant write downs. Ford’s comments regarding their aggressive turn towards bringing their...
FORD MOTOR COMPANY – $8.7 Billion 2nd quarter loss as company details transformation plans Ford Motor Company (NYSE: F) is trading down 5.9% following the Company’s July 24, 2008 report of an $8.7 Billion net Loss for second quarter 2008,including pre-tax special charges of $8 Billion. Ford also detailed accelerated transformation plan focused on...
Lithium-ion stocks were the only alternative energy sector with more winners than losers today despite a rising Dow. Oil prices continued to slide closing down another $4 at $124.22 on reports of growing gasoline supplies. LITHIUM-ION STOCKS Advancers issues surpassed decliners 8 to 5 as GM, Ford and Honda continued to show gains. Superlattice...
VALENCE TECHNOLOGY INC – announces earning call Valence Technology, Inc. (NASDAQ: VLNC), an international developer of safe lithium phosphate energy storage solutions, is trading flat following the Company’s July 23, 2008 announcement that it will conduct a conference call to discuss its first quarter fiscal 2009 financial results on August 7, 2008, at 3:30...
Lithium-ion stocks outperformed the rest of a mixed AE field as oil continued its slide and the Dow responded with another strong day closing up 1.2%. Oil prices dropped again closing down another 2.74% to $128.37. LITHIUM-ION STOCKS Advancers trounced decliners 11 to 3 as investors continued falling back in love, or at...
ELECTRIC MOTO CORP – enters the European Marketplace Electric Moto Corp., Inc. (Pink Sheets: EMOT) is trading up sharply after the Company announced on July 22, 2008 that the U.S.-based designer, manufacturer and retailer of highly efficient electric battery-powered motorcycles, scooters and ATVs, has entered the European marketplace. The company has recently delivered the...
RASER TECHNOLOGIES – Inks funding deal with Merril Lynch Raser Technologies, Inc. (NYSE Arca:RZ) is trading off slightly following the Company’s July 21, 2008 announcment that it has signed a commitment letter with Merrill Lynch for the project financing and tax equity funding for its planned 10 megawatt (MW) Lightning Dock geothermal power plant...
Fuel Cell stocks led all sectors as the alternative sectors were mixed today amidst rapidly softening oil rallied and a strengthening Dow. The Dow closed up strongly for the third strong day in a row ending at 11,446,66 up 1.85% while oil prices dropped again closing down another 3.79% to $129.50. FUEL CELL STOCKS...