RenewableEnergyStocks, a leading investor news and research portal for the renewable energy sector within Investorideas.com, presents a sector close-up on renewable energy stocks trading Friday January 9th. The sector is showing continued strength and optimism in spite of lower oil prices, and skepticism from short-term thinking industry critics.
In President-elect Obama's speech Thursday morning, he stated, "To finally spark the creation of a clean energy economy, we will double the production of alternative energy in the next three years. We will modernize more than 75% of federal buildings and improve the energy efficiency of two million American homes, saving consumers and taxpayers billions on our energy bills. In the process, we will put Americans to work in new jobs that pay well and can’t be outsourced – jobs building solar panels and wind turbines; constructing fuel-efficient cars and buildings; and developing the new energy technologies that will lead to even more jobs, more savings, and a cleaner, safer planet in the bargain."
T.Boone Pickens followed with a press release stating, “President-Elect Obama’s comments in his speech this morning represent an important first step in solving our nation’s energy crisis and getting our economy moving again. Investing in alternative energy, focusing on conservation and rebuilding our power grid to deliver that energy to every corner of our country are critical components of this effort. As the new Congress and new Administration begin work, it will be critical that they focus on the need to dramatically reduce our dependency on foreign oil, which strangles our economy and threatens our national security. President-Elect Obama made it clear that he also understands the important role that transportation will play in solving our energy crisis and I am confident that he will recognize that as we reduce our imports of foreign oil, there the only domestic resources available are natural gas and plug-in batteries that can have an immediate impact on this effort.
A program focused on renewable energy, conservation, improving the grid and replacing foreign oil with domestic resources in our transportation system is something that I believe will create hundreds of thousands of jobs and revitalizes our economy.”
Sector Close-Up as of Trading Close January 9, 2009:
Akeena Solar Inc. (NASDAQ:AKNS) closed down on the day, but up 4.15% in after hours trading.
Archer-Daniels-Midland Co. (NYSE:ADM) had gains of $0.20 (0.72%).
Carbon Sciences, Inc. (OTCBB: CABN) closed up $0.01 (5.56%).
China Technology Development (NASDAQ: CTDC) closed up $0.28 (9.72%).
Clean Energy Fuels Corp. (NASDAQ:CLNE) was down over 4 %.
Evergreen Solar Inc (NASDAQ:ESLR) was down on the day but up in after hours.
Evolution Solar Corporation (OTCPK: EVSO) ended up 3.16%.
First Solar, Inc. (NASDAQ: FSLR) closed at $162.54, up 7.18 (4.62%).
GWS TECHNOLOGIES INC (OTC BB: GWSC) was down $0.04.
ICP Solar Technologies Inc. (OTCBB: ICPR) closed at $0.20.
Mantra Venture Group Ltd. (OTCBB: MVTG) closed at $0.37.
OriginOil, Inc (OTCBB: OOIL) closed at $0.42, trading stronger following recent Reuters media.
SunPower Corporation (SPWRA) closed down, but up $0.74 (1.91%) in after- hours trading.
Suntech Power Holdings Co. Ltd. (STP) closed off $0.04 (0.31%).
Sustainable Energy Technologies Ltd (TSX.V: STG) closed up 4.55%.
Westport Innovations Inc. (WPT.TO) closed down 1.27%.
Yingli Green Energy (YGE) had gains of $0.17 (2.45%) and continued up after hours trading.
XsunX Inc. (OTCBB: XSNX closed at $0.18.
For investors following solar stocks, the RenewableEnergyStocks.com website provides a comprehensive list of photovoltaic and solar stocks to research.
Featured Showcase Renewable Energy Stocks: XsunX Inc.: (OTCBB: XSNX) Based in Aliso Viejo, Calif., XsunX is developing amorphous silicon thin film photovoltaic (TFPV) solar cell manufacturing processes to produce TFPV solar modules. To deliver its products the Company has begun to build a multi- megawatt TFPV solar module production facility in the United States to meet the growing demand for solar cell products used in large scale commercial projects, utility power fields, and other on-grid applications. Employing a phased roll out of production capacity, it plans to grow manufacturing capacities to over 100 megawatts by 2010.
OriginOil, Inc: (OTCBB: OOIL)
OriginOil, Inc. is developing a breakthrough technology that will transform algae, the most promising source of renewable oil, into a true competitor to petroleum. Much of the world's oil and gas is made up of ancient algae deposits. Today, our technology will produce "new oil" from algae, through a cost-effective, high-speed manufacturing process. This endless supply of new oil can be used for many products such as diesel, gasoline, jet fuel, plastics and solvents without the global warming effects of petroleum. Other oil producing feedstock such as corn and sugarcane often destroy vital farmlands and rainforests, disrupt global food supplies and create new environmental problems. Our unique technology, based on algae, is targeted at fundamentally changing our source of oil without disrupting the environment or food supplies.
Carbon Sciences, Inc. (OTCBB: CABN)
Carbon Sciences, Inc. is developing a breakthrough technology to transform carbon dioxide (CO2) emissions into the basic fuel building blocks required to produce gasoline, diesel fuel, jet fuel and other portable fuels. Innovating at the intersection of chemical engineering and bio-engineering disciplines, we are developing a highly scalable biocatalytic process to meet the fuel needs of the world.
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Source: RenewableEnergyStocks.com, XsunX, OriginOil, Inc, Carbon Sciences, Inc.