RNC convention hikes alternative energy stocks

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Alternative energy companies saw a market boost Tuesday after the U.S. energy secretary reiterated the president’s support for alternative energy. “In the first year of that program, we’ve had tremendous success,” Abraham said in an interview on CNBC. “We’ve bought international support to this effort and we’re moving as fast as we believe the research can move.” [ more ] Companies that saw a bounce from Abraham’s comments included Fuelcell Energy Inc (FCEL), Beacon Power Corp (BCON), Plug Power Inc (PLUG) and Quantum Fuel Systems Technologies Worldwide Inc (QTWW). Beacon Power saw the biggest percent jump of 29.4 percent, up to 44 cents.