Six Small-Cap Alternative Energy Stocks Powering Higher
By: Crude oil prices are up about 25 percent in the past two months, rising above $100 per barrel on February 23 for the first time since October 2008.
Crude oil futures for May delivery have traded as high as $113.46 in the past 30 sessions, and are currently near that level.
Could elevated oil prices help alternative energy stocks? CNBC.com took a look at 218 companies involved in a range of sustainability initiatives, including solar, wind and clean technology, among others.
Of these companies, we grouped the ones with the greatest percent increase since jitters over unrest in the Middle East started sending oil higher on Friday, February 18.
Here are some of the stocks that made our list.
- Synthesis Energy Systems is a global energy and gassification technology company, converting low rank coal and biomass feedstock into fuels. Since February 18, the stock is up 279 percent. Market Cap: $190 million.
- FutureFuel operates in two segments, specialty chemicals and biofuels, engaging in the evaluation of technologies used to manufacture cellulose derived fuels and other bio-based products. Since February 18, the stock is up 26 percent. Market Cap: $495 million.
- TRC Companies provides energy, environmental and infrastructure services, including air quality measurements, remediation of contaminated sites and environmental management of buildings. Since February 18, the stock is up 23 percent. Market Cap: $136 million.
- Ceradyne engages in the manufacture of ceramic products, some of which are used in solar-energy panels. Since February 18, the stock is up 24 percent. Market Cap: $1 billion.
- LSB Industries manufactures geothermal and water source heat pumps, air handling products and chemical products. Since February 18, the stock is up 21 percent. Market Cap: $797 million.
- Coleman Cable supplies electric wire and cable products, including power and control cables desigend for wind turbines. Since February 18, the stock is up 28 percent. Market Cap: $157 million.
Data Source: CNBC Analytics & Capital IQ
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