When a stock hits a fresh low, it can either signal a dirt cheap dream stock or a dreadful stock to avoid. Separating the wheat from the chaff is difficult, but finding well-run companies at bargain-basement prices is a great way to accumulate a fortune over the long run.

With that in mind, we'll use the aggregate intelligence of the 115,000-plus investors participating in Motley Fool CAPS to see what the community is saying about stocks hitting 52-week lows today. The community's approval (signified by four- and five-star ratings) could indicate that further research is in order.

Here are three such stocks:

Company

Today’s Intraday Price

Industry

CAPS Rating (out of 5)

Fools Saying Outperform

Ormat Technologies, Inc. (NYSE:ORA)

$35.27

Electric Utilities

4 Stars

332 of 349

Baker Hughes, Inc. (NYSE:BHI)

$56.11

Oil & Gas Equipment & Services

4 Stars

911 of 947

BorgWarner, Inc. (NYSE:BWA)

$30.65

Auto Parts

4 Stars

238 of 259

Source: Motley Fool CAPS, as of Oct. 1, 2008.

Top-rated electric utilities companies:

  • The Southern Company (NYSE:SO): Stock price is 7% higher than last year.
  • Dominion Resources, Inc. (NYSE:D): Stock price is 5% higher than last year.

Top-rated oil & gas equipment & services companies:

  • W-H Energy Services, Inc. (NYSE:WHQ): Stock price is 47% higher than last year.
  • Boots & Coots Intl. Well, Inc. (AMEX:WEL): Stock price is 33% higher than last year.

Join us on CAPS to learn more about these and countless other interesting stock ideas.