Some alternative energy stocks experienced a pullback Tuesday after experiencing a red hot start to begin March. Ballard Power Systems, FuelCell Energy and Ocean Powerr Technologies have all soared to new 52 week highs since Plug Power announced its milestone order from Walmart on February 26th. Additionally, Cowen and Co. analyst Robert Stone has given both FuelCell Energy and Plug Power “outperform” ratings. Here is how some alternative energy companies reacted Tuesday:
Ballard Power Systems Inc. (NASDAQ:BLDP - News) shares traded in the range of $5.01 to $8.38 Tuesday before settling to close at $5.10, a decrease of 25.87 percent. The stock appears to be facing some resistance at the $5.62 and $6.07 levels with some support at $4.56 and 2.51. Shares of Ballard Power Systems are up approximately 125.0 percent in the past month.
More information on Ballard Power Systems and access to the free equity report can be found at:
Capstone Turbine Corporation (NASDAQ:CPST - News) shares traded in the range of $2.05 to $2.42 Tuesday before settling to close at $2.18, an increase of 11.22 percent. The stock appears to have some support at the $2.05, $1.85 and $1.81 levels. The company recently announced that it has received two orders totaling 2.6 MW from Regatta Solutions. Shares of Capstone Turbine are up approximately 40.0 percent in the past month.
More information on Capstone Turbine and access to the free equity report can be found at:
Ocean Power Technologies Inc. (NASDAQ:OPTT - News) shares traded in the range of $4.82 to $35.60 Tuesday before settling to close at $5.45, an increase of 19.78 percent. The stock appears to have some support at the $4.72, $4.35 and $3.91 levels. Shares of Ocean Power Technologies are up approximately 55.0 percent in the past month.
More information on Ocean Power and access to the free equity report can be found at:
Plug Power Inc. (NASDAQ:PLUG - News) shares traded in the range of $5.95 to $11.72 Tuesday before settling to close at $6.03, a decrease of 41.51 percent. The stock appears to be facing some resistance at the $6.22 and $7.22 levels with some support at $5.89 and $4.55. Shares of Plug Power are up approximately 70.0 percent in the past month.
More information on Plug Power and access to the free equity report can be found at:
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