CybeRelease: Alternative Energy Sector Plugs in Big Gains
(CybeRelease, April 12, 2006) - Lake Harmony, PA - WSTRP Power Plays - Norilsk Nickel, the world’s largest producer of nickel and palladium, electrified followers of alternative energy stocks by investing, announced by Plug Power Inc (NASDAQ: PLUG) to be, a total of $217 million cash from the Russian firm. Share price and volume of Plug skyrocketed on the investment news, to close at $5.98, up 1.10 (+22.54%) on 28,551,249 shares.
The announcement continues to keep companies in this sector in the spotlight and helped to lift the sector. Neah Power Systems Inc (OTC: NPWS) closed at $1.29, up 0.24 (+22.86%) on 352,771 shares. Fuelcell Energy Inc (NASDAQ: FCEL) at $11.51, up 0.46 (+4.16%) on 825,825 shares. Ballard Power (NASDAQ: BLDP) at $7.62, up 0.13 (+1.74%) on 792,840 shares. Hoku Scientific (NASDAQ: HOKU) at $5.9999, up 0.0699 (+1.18%) on 333,038 shares. Medis Technologies Ltd (NASDAQ: MDTL) at $21.78, up 0.01 (+0.05%) on 268,148 shares.
NEAH Power, based in Bothell, Washington, is the most recent addition to the public market and looks like a tremendous value play. It also has a notable investor list, which includes Intel Capital, Intel’s (NASDAQ: INTC) strategic investment program, Frazier Technology Ventures, Alta Partners, Castile Ventures and WestAm, the global investment management arm of Germany’s fourth largest bank, by assets, WestLB AG.
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CybeRelease Gainers are Spherix Incorporated (Nasdaq: SPEX), InPhonic, Inc. (Nasdaq: INPC), Columbia Sportswear Company (Nasdaq: COLM), etrials Worldwide, Inc. (Nasdaq: ETWC) and Secure Computing Corporation (Nasdaq: SCUR).
CybeRelease Decliners are Authentidate Holding Corp. (Nasdaq: ADAT), CAS Medical Systems, Inc. (Nasdaq: CASM), Micro Linear Corporation (Nasdaq: MLIN), Fuel-Tech, N.V. (Nasdaq: FTEK) and SciClone Pharmaceuticals, Inc. (Nasdaq: SCLN).
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