This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

GE Falls on Ties to Japan Nuclear Plants

(GE article updated with additional commentary and information on nuclear industry players.)
NEW YORK ( TheStreet) -- General Electric (GE) shares are sliding as GE-designed nuclear power reactors in Japan were damaged in Japan's massive earthquake and investor confidence in Japan's nuclear power future crumbles.

Shares of GE were falling 3.7% to $19.60, while its nuclear venture partner Hitachi (HIT) was plunging 15.4% to $50.04.

The unfolding nuclear crisis in Japan has called into question the nuclear energy policy of the U.S. and other nations, as policy makers balance safety issues with the need to develop alternative, clean sources of energy to reduce oil dependency.

Already, the Swiss government has suspended all plans to build and replace nuclear plants. Germany has suspended a plan to extend the lives of Germany's 17 nuclear plants. The government has said it will conduct an extensive review of the plans' safety and the country's atomic energy policy.

German environmental minister Norbert Roettgen said over the weekend that the government will look to accelerate the use of alternative energies.

Alternative energy and natural gas sectors were surging on Monday in anticipation of stronger demand.

First Solar (FSLR) was popping 4.8% to $146.49, Trina Solar (TSL) was surging 9.1% to $26.45, Yingli Green Energy (YGE) was gaining 8.8% to $11.43 and Suntech Power (STP) was advancing 5.1% to $8.45.

Chesapeake Energy (CHK) was up 2.8% to $33.74.

In the U.S., shares of the largest nuclear reactor operators Exelon (EXC) and Entergy (ETR) were losing 2.5% and 5.5% respectively.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,172.68 -107.06 -0.62%
S&P 500 1,994.29 -16.11 -0.80%
NASDAQ 4,527.6890 -52.10 -1.14%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs