Wall Street News Alert's "stocks to watch" this morning are:
Welwind Energy International Corp. (OTCBB: WWEI), Evergreen Solar,
Inc. (NASDAQ: ESLR), ConocoPhillips (NYSE: COP) and Clean Energy
Fuels Corp. (NASDAQ: CLNE).
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There is major breaking news coming from Welwind Energy
International Corp. (OTCBB: WWEI), and investors are urged to
monitor the stock closely this morning! This morning, the company
issued a press release announcing that it has successfully signed a
binding joint venture partnership for a 49% interest in a wind farm
project owned by Ningxia Electric Power Corp. (NEP).
Great news for the company! 'A La Shan Zuo Qi Windfarm Ltd.'
(project company of NEP) is a 49.5 MW wind farm, expandable to 400
MW. The partnership will give Welwind a 49% interest in the entire
project. Welwind will provide the debt financing for the project
and also provide technical support along with turbine equipment
manufacturing and construction. NEP has a signed Power Purchase
Agreement (PPA price: 0.08 cents USD/KWH) dated August 5, 2008 from
the Neimeng Provincial Development and Planning Commission.
Ningxia Electric Power Group was established in June of 2003.
The company is a large-scale group holding by Ningxia Hui
Autonomous Region Government. The company's primary focus is the
development and construction of thermal power generation, wind
power, wind turbines, and an involvement in the coal chemical
industry. According to the release, by the end of 2006, Ningxia
Electric Power Group assets totaled 6.2 billion Yuan ($906 Million
USD), and sales revenues were above 2 billion Yuan ($300 Million
USD). The company has approximately 4500 employees
"As we wait for an update from the Zhanjiang Government for
Welwind's current wind farm project, we continue to forge ahead on
building out the company's business model. This joint venture with
one of China's largest wind farm developers allows the company to
continue its growth and maintain momentum," says Tammy McNabb,
President of Welwind.
Investors are urged to continue to monitor the progress of the
company!
The stock closed yesterday at around Six cents a share.
Evergreen Solar, Inc. (NASDAQ: ESLR) down 5% on 5.9 million
shares traded.
Evergreen Solar, Inc. develops, manufactures and markets STRING
RIBBON(TM) solar power products using its proprietary, low-cost
wafer technology. The company's patented wafer manufacturing
technology uses significantly less polysilicon than conventional
processes.
ConocoPhillips (NYSE: COP) up 0.1% on 13.4 million shares
traded.
ConocoPhillips is an integrated petroleum company with interests
around the world.
Clean Energy Fuels Corp. (NASDAQ: CLNE) up 3.6% on 2.8 million
shares traded.
Clean Energy is the leading provider of natural gas (CNG and
LNG) for transportation in North America. It has a broad customer
base in the refuse, transit, ports, shuttle, taxi, trucking,
airport and municipal fleet markets, fueling more than 14,000
vehicles daily at more than 170 strategic locations across the
United States and Canada.
Market Commentary:
"OIL NEWS: With falling demand and a stronger dollar light,
sweet crude for October delivery fell 36 cents to settle at $109.35
a barrel on the New York Mercantile Exchange, after earlier dipping
as low as $107.22," stated Sonja Rudd in Wall Street News Alert's
daily commentary continued at:
http://www.WallStreetNewsAlert.com.
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