FDEI Fidelis Energy Inc (CE)

Wall Street News Alert's "stocks to watch" this morning are: Fidelis Energy Inc. (PINKSHEETS: FDEI), Schlumberger Limited (NYSE: SLB), First Solar Inc. (NASDAQ: FSLR) and Energy Conversion Devices, Inc. (NASDAQ: ENER).

Yesterday after the markets closed, Fidelis Energy Inc. (PINKSHEETS: FDEI) issued a press release announcing it received a multi-million dollar investment commitment from a private investment consortium to provide funding to the Company for its future growth and expansion.

After completing several months of due diligence and negotiations, the investors approved the Company's project selection, its innovative business strategy being executed and the effectiveness of our seasoned management's operations. The consortium gave the Company a vote of confidence with the expectation of earning a significant return on the investment. The formalization of the commitment should be finalized within the next several weeks.

The Company's management believes this commitment will allow them to meet the needs of several potential long-term Solar projects, in the 50 to 80 million dollar range, that their new business development team is currently procuring. With the expectation of future markets and conditions, management believes that the estimated gross revenue generated from these new projects could be approximately $200 to $250 million.

The stock closed yesterday at around Two cents a share.

For an in-depth profile of Fidelis Energy, visit http://wallstreetnewsalert.com/view-company-profiles.php?profile=FDEI_020810.

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Schlumberger Limited (NYSE: SLB) up 0.09% on 7.9 million shares traded.

Schlumberger is the world's leading supplier of technology, integrated project management and information solutions to customers working in the oil and gas industry worldwide.

First Solar Inc. (NASDAQ: FSLR) down 2.6% on 1.9 million shares traded.

First Solar manufactures solar modules with an advanced semiconductor technology and provides comprehensive photovoltaic (PV) system solutions.

Energy Conversion Devices, Inc. (NASDAQ: ENER) down 1.9% on 1.5 million shares traded.

Energy Conversion Devices, Inc. is the leader in building integrated and commercial rooftop photovoltaics, one of the fastest growing segments of the solar power industry.

Market Commentary:

Oil prices rose slightly as crude oil gained 70 cents to settle at $71.89 per barrel on the New York Mercantile Exchange.

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This profile is not without bias, and is a paid release. WSCF has been compensated for dissemination of company information on behalf of one or more of the companies mentioned in this release. For current services performed for Fidelis Energy Inc. (PINKSHEETS: FDEI), WSCF has been compensated Ten Million shares, by a third party, NorthStar Capital Corporation, who is non-affiliated and may hold a significant position in the stock. WSCF holds Seven Million and Seven Hundred Thousand of those shares as of this release, but intends to immediately begin selling its shares as this release is being circulated. WSCF may receive additional compensation for extension of its services. Any additional compensation will be disclosed at such time that WSCF is aware of a client's desire to extend the original services. WSCF may have received shares of a company profiled in this release prior to the dissemination of the information in this release. WSCF may immediately sell some or any shares in a profiled company held by WSCF and may have previously sold shares in a profiled company held by WSCF. WSCF's services for a company may cause the company's stock price to increase, in which event WSCF would make a profit when it sells its stock in a company. In addition, WSCF's selling of a company's stock may have a negative effect on the market price of the stock.

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