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published in Blogs
Aug 26, 2023

The Alternative Power Generation Sector ($CREG, $VGAS, $WAVE) surged by +8.76% last week.

In the ever-evolving landscape of the stock market, the Alternative Power Generation Sector has captured investors' attention with an impressive increase of +8.76% in its performance over the past week. This sector encompasses a diverse group of companies that are striving to reshape the energy industry by harnessing innovative technologies and sustainable solutions. Let's delve into the noteworthy elements of this sector and analyze the group of tickers that define its current trajectory.

Ticker Group: Within the Alternative Power Generation Sector, several key players are making waves:

  1. $CREG (Price: $1.07)
  2. $ADN (Price: $0.63)
  3. $HTOO (Price: $0.21)
  4. $WAVE (Price: $2.17)
  5. $HLGN (Price: Not specified)
  6. $BNRG (Price: Not specified)
  7. $VGAS (Price: $4.49)
  8. $ELIQ (Price: Not specified)

Market Cap Insights: The average market capitalization for this group of tickers stands at approximately $31.1 million. Notably, ELIQ holds the highest valuation within this cluster, with a market cap of $64.4 million, whereas CREG boasts the lowest valuation at $8.3 million. This diverse range of market capitalizations highlights the variety of companies and technologies represented in the Alternative Power Generation Sector.

Price Performance Highlights: Over the recent weeks, the group of tickers experienced substantial price fluctuations, indicating both growth and challenges:

  • The average weekly price growth across all stocks in the sector reached an impressive 8.76%.
  • However, the average monthly price growth witnessed a decline of -26.12%.
  • The quarterly performance displayed a more significant drop of -51.03%.
  • Among these, ELIQ emerged as a standout with the highest price growth at 87.66%, while HTOO faced the largest fall at -11.34%.

Volume Activity: Volume is a crucial indicator of investor sentiment and market activity. In this sector, volume fluctuations have been noteworthy:

  • The average weekly volume growth across all stocks spiked remarkably by 5703.73%.
  • On a monthly scale, the average volume growth was 1510.44%.
  • The quarterly volume growth recorded a staggering 1450419.53%.
  • It's worth highlighting instances like Heliogen's stock experiencing record-breaking daily volume growth of 1,112% of the 65-Day Volume Moving Average.

Ticker Analysis: Let's take a closer look at some of the key tickers that have exhibited intriguing trends:

  1. VGAS: A Potential Downtrend

    • VGAS has witnessed a downward trend, declining for three consecutive days on August 21, 2023.
    • This bearish trend is seen in 34 out of 43 similar historical cases, with odds of continued downward movement at 79%.
    • Throughout the month of 07/25/23 - 08/24/23, VGAS experienced a -19% downtrend.
    • During the week of 08/17/23 - 08/24/23, the stock fell -11%.
  2. WAVE: RSI Indicator Movement

    • WAVE's Relative Strength Index (RSI) indicator moved out of oversold territory on August 23, 2023.
    • This shift suggests a potential upward trend, with historical instances showing a 90% probability of stock movement higher.
    • Despite this, the stock's current price of $2.17 remains below the lowest support line of $2.66.
    • The month of 07/25/23 - 08/24/23 saw a -16% downtrend, and during the week of 08/17/23 - 08/24/23, the stock fell -7%.
  3. CREG: Uptrend on the Horizon

    • CREG demonstrated a +3.88% uptrend, rising for three consecutive days on August 24, 2023.
    • This bullish trend is seen in 205 out of 239 similar historical cases, with odds of continued upward movement at 86%.
    • The stock's current price of $1.07 has crossed the resistance line at $1.49 and is trading between the $1.49 resistance and $0.96 support lines.
    • Throughout the month of 07/25/23 - 08/24/23, CREG experienced a -28% downtrend.
    • During the week of 08/17/23 - 08/24/23, the stock fell marginally by -0.46%.

The Alternative Power Generation Sector has demonstrated remarkable price growth, volume surges, and distinct trends among the group of tickers. Investors should carefully monitor individual tickers' performance, keeping an eye on potential downtrends and shifts in indicators. While challenges exist, the sector's pursuit of sustainable energy solutions continues to capture the imagination of market participants.

Related Ticker: CREG, VGAS, WAVE, ADN, HTOO, HLGN, BNRG, ELIQ

CREG's Stochastic Oscillator descending into oversold zone

The Stochastic Oscillator for CREG moved into oversold territory on April 02, 2025. Be on the watch for the price uptrend or consolidation in the future. At that time, consider buying the stock or exploring call options.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where CREG's RSI Indicator exited the oversold zone, of 31 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CREG advanced for three days, in of 243 cases, the price rose further within the following month. The odds of a continued upward trend are .

CREG may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on March 31, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on CREG as a result. In of 101 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for CREG turned negative on March 07, 2025. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 50 similar instances when the indicator turned negative. In of the 50 cases the stock turned lower in the days that followed. This puts the odds of success at .

CREG moved below its 50-day moving average on March 31, 2025 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for CREG crossed bearishly below the 50-day moving average on April 01, 2025. This indicates that the trend has shifted lower and could be considered a sell signal. In of 16 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where CREG declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for CREG entered a downward trend on April 02, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.104) is normal, around the industry mean (1.878). P/E Ratio (1.614) is within average values for comparable stocks, (104.447). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.824). Dividend Yield (0.000) settles around the average of (0.051) among similar stocks. P/S Ratio (0.000) is also within normal values, averaging (22.824).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. CREG’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. CREG’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 91, placing this stock worse than average.

Industry description

The alternative power generation industry consists of companies that operate power facilities converting non-conventional forms of energy into electricity. These energy forms are alternatives to fossil fuels, and many of them are derived from natural resources. Alternative energy forms include solar, wind, hydro, and geothermal steam. A major purpose behind using alternative energy – also called ‘clean’ energy - is to address concerns related to the more conventional fossil fuels, such as the latter’s high carbon dioxide emissions which is often considered a factor in global warming. Alternative power generation has been gaining traction in recent years, and could grow further in the future. Large organizations like Google have invested substantially in wind and solar energy-powered electricity. Some of the prominent U.S. companies operating in the alternative power generation industry includes Ormat Technologies, Inc., TerraForm Power, Inc. and NextEra Energy Partners LP.

Market Cap

The average market capitalization across the Alternative Power Generation Industry is 6.84B. The market cap for tickers in the group ranges from 10 to 118.24B. REOVF holds the highest valuation in this group at 118.24B. The lowest valued company is CDVM at 10.

High and low price notable news

The average weekly price growth across all stocks in the Alternative Power Generation Industry was -3%. For the same Industry, the average monthly price growth was -2%, and the average quarterly price growth was -12%. TDWRF experienced the highest price growth at 25%, while GEBRF experienced the biggest fall at -70%.

Volume

The average weekly volume growth across all stocks in the Alternative Power Generation Industry was 2%. For the same stocks of the Industry, the average monthly volume growth was -28% and the average quarterly volume growth was 46%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 60
P/E Growth Rating: 58
Price Growth Rating: 60
SMR Rating: 83
Profit Risk Rating: 90
Seasonality Score: 14 (-100 ... +100)
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