Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com

Stocks rose on Thursday, reversing early losses, as gains in consumer shares offset jitters about an economic recovery after data showed more workers filed new jobless claims.

A day after the Federal Reserve expressed confidence in the economy, the government said new jobless claims rose by 15,000 to 627,000 last week. The market had been expecting a decline.

One piece of good news on Thursday was a slightly improved reading on gross domestic product. First-quarter GDP shrank 5.5 percent, the Commerce Department said, less than the previous estimate of 5.7 percent.

In morning trading, the Dow added 44.44, or 0.5 percent, to 8,344.30, after dropping as much as 40 points in the early going. The Standard & Poor’s 500 index rose 6.20, or 0.7 percent, to 907.14, and the Nasdaq composite index rose 15.37, or 0.9 percent, to 1,807.71.

Yesterday’s Top Performing Small Cap stock:

Green Star Alternative Energy, Inc. (Pink Sheets: GSAE) was a SmallCapVoice.com top performer moving up over 5% on trading volume of 15,700 shares.

Green Star Alternative Energy is an environmentally conscious, renewable energy company working to develop more than 300 MW (megawatts) of clean electricity through wind energy. The corporate revenue model is two-fold: the use of a renewable resource allows not only for the creation of environmentally friendly energy, but the granting of carbon (greenhouse gas) emission credits which may be traded and sold. Green Star is pursuing a significant opportunity to provide clean energy to the growing Republic of Serbia and neighboring European countries. Through a joint venture with key wind farm and power trading company Notos, Green Star will become the nation’s first developer of wind power. GSAE is focused on green technology and sustainable energy programs like wind turbines, hydro electric power generation, and other renewable electricity models.

Green Star Alternative Energy Announces Investigation into Caveat Emptor Warning

Today’s SmallCapVoice.com Hot Stock to Watch:

U.S. Geothermal, Inc. (AMEX: HTM)

President Obama held a nationally televised press conference in which he enthusiastically pledged his support for clean energy, specifically citing solar as a prime example. The president also stated that he would be in support of legislation that would greatly assist clean energy providers.

What was already a very positive market appetite for clean energy and solar just got an enormous shot in the arm. The president’s remarks will certainly foster beneficial buzz in nightly newscasts and Thursday papers and of course, passage of the bill will extend the message further. But more importantly, the climate – pardon the pun – for clean energy continues to improve.

The situation recalls the early spread of the web. Investors will recall the early to mid-’90s when you started to hear the words “Internet” or “email” or “chatting.” And then all of a sudden it was everywhere. Clean energy is at such a seminal beginning where it is still in the very early stages of adoption. If President Obama has his way, these early stages will transcend into something far more reaching very, very soon.

U.S. Geothermal Inc., a renewable energy company focused on the production of electricity from geothermal energy, owns and operates geothermal power plants at Raft River, Idaho and San Emidio, Nevada, and is developing the Neal Hot Springs project in Oregon.

SmallCapSentinel.com: Obama Beckons the Sun

Small Cap stocks making news:

Seamless Corporation (OTC BB: SMWF) subsidiary, Seamless Sales site has successfully completed a Memorandum of Understanding with Dr. Gadget to bring products to its Seamless Sales eCommerce website.

Seamless Sales Signs New Expansive Memorandum of Understanding With World Renowned Dr. Gadget

Octus Energy (OTCBB: OCTI) today announced the creation of the Octus Smart Energy Alliance. The alliance enables Octus and its partners to collaboratively deploy energy efficiency and demand response solutions, leveraging the Octus Smart Energy Platform (OctusSEP), to generate immediate energy savings for commercial, industrial and public sector organizations.

Octus Energy Announces the Octus Smart Energy Alliance

TIE Technologies, Inc. (Pink Sheets: TTCS) today announced the launching of a Joint initiative with ThoughtFocus Technologies to develop the next generation of its already successful Account Management System (AMS) suite of software products.

TIE Technologies Launches Next Generation Account Management System (AMS)

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