The Bull in Advantage Network presents the following list of Ethanol and Alternative Energy stocks that are currently on our watchlist for Friday. We are focusing on Alternative Energy stocks due to the ever-growing need for conservation and, where possible, renewal of our limited stores of energy. Today's focal points in the ethanol sector are BioFuel Energy Corp. (NASDAQ:BIOF), Pacific Ethanol, Inc. (NASDAQ:PEIX), accompanied by a solar power play, SunPower Corp. (NASDAQ:SPWR).

BioFuel Energy Corp. (NASDAQ:BIOF) has a goal of becoming a leading ethanol producer in North America. The company owns and operates two of the largest dry mill ethanol facilities in the US, producing 230 million gallons of fuel grade ethanol and 720,000 tons of distiller's grains per year.

Pacific Ethanol, Inc. (NASDAQ:PEIX) is a marketer and producer of low-carbon renewable fuels in the Western United States. In January, the company closed agreements to increase its ownership interest in the Pacific Ethanol plants and improve their debt position.

SunPower Corp. (NASDAQ:SPWR) designs, manufactures and delivers the high-efficiency solar panels and systems. According to SPWR CEO Tom Werner, the company exited 2012 with strong fourth-quarter results as it benefitted from a diversified downstream channel strategy, solid execution of its cost roadmap, and increased customer demand for high efficiency solar technology.

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