InnoPower

First Albany 2003-8-21
NEW YORK (CBS.MW) - Analyst Sanjay Shrestha at First Albany said he was "more constructive" on the potential near-term trading prospects for alternative energy stocks following the blackout in the Northeast late last week. He believes that while it is too early to predict the outcome of recent events, the real beneficiaries will be companies that already have products available. Shrestha feels the areas of focus will primarily include companies working on superconducting technology, distributed generation technology and power quality. Among alternative energy stocks, Capstone Turbine (CPST) surged 15 percent to $2, FuelCell Energy (FCEL) 1.4 percent to $9.27, American Superconductor (AMSC) slipped 1.1 percent to $13.05, Ballard Power (BLDP) gained 4.7 percent to $13.45 and Plug Power (PLUG) tacked on 1.7 percent to $5.25. On Friday, those stocks soared 23 percent, 21 percent, 43 percent, 5.2 percent and 23 percent, respectively.