Investorideas.com newswire, renewable energy sector

Friday, September 30, 2011

Thursday's Renewable Energy Stocks Trading; (OTC: CWET), (TSX.VCTW), (NASDAQ:FSLR), (NYSE:MY)

Point Roberts, WA - September 30, 2011 (Investorideas.com renewable energy/green newswire) Investorideas.com, a leader in cleantech investor research, reports on trading for small and large cap renewable energy stocks trading and news for September 29th.
Wind stock, Clean Wind Energy Tower Inc (OTCBB: CWET) shares ended flat at $0.15. This week the Company made two announcements on changes in business operations and share structure. They reported they are closing their internally staffed engineering office in Warrenton, Virginia and transitioning to a Development Team that will oversee and coordinate the efforts of industry consultants and advisors to develop and construct their first Dual Renewable Energy Tower. The company has also canceled share certificates held by "Former Employees", totaling 120,600,000 shares of common stock, following their resignations. The Company feels both developments are positive for the company and shareholders.
Wind stock, Catch the Wind Ltd. (TSX.V: CTW) soared 31.25% to $0.210 on light volume of over 31,000 shares. The Company develops and manufactures the Vindicator® laser wind sensor. The Vindicator® laser wind sensor is part of Catch the Wind's "next generation" turbine control and performance enhancement system for utility-scale wind turbines.
China Recycling Energy (NasdaqGM: CREG ) closed at $1.05, up 0.5 or 16.67%.The Company provides environmentally friendly waste-to-energy technologies to recycle industrial byproducts for steel mills, cement factories and coke plants in China.
First Solar, Inc. (NASDAQ:FSLR) jumped 0.43% to $65.03 following a 25% fall in the past week. The stock recently made a new 52-week low of $61.55. The stock is down over 50% so far this year.
American Superconductor Corporation (NASDAQ:AMSC) surged on news up 0.58 (14.95%) to close at $4.46, rebounding from its new 52-week low of $3.85 made earlier in the session. Korea Electric Power Corporation (KEPCO), LS Cable & System and American Superconductor announced that the world’s longest distribution-voltage superconductor cable system has been energized at the I’cheon substation located near the city of Seoul. Powered by AMSC’s Amperium™ superconductor wire and installed in Korea Electric Power Company’s (KEPCO) electricity grid, the 22.9 kV alternating current (AC) cable system is capable of carrying approximately 50 megawatts of power. This is longest HTS cable in the world to be energized in the grid utilizing second generation (2G) superconductor wire and is also currently the longest distribution voltage superconductor power cable in operation.
China Ming Yang Wind Power Group (NYSE:MY ) shares jumped over 4% in after-hours following a fall of 8.74% in the regular session. The stock has been trading lower over the past one month with other stocks within the sector.
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