Wall Street News Alert's "stocks to watch" this morning are: Green
Star Alternative Energy, Inc. (PINKSHEETS: GSAE), Level 3
Communications, Inc. (NASDAQ: LVLT), Medarex, Inc. (NASDAQ: MEDX)
and Coeur d'Alene Mines Corporation (NYSE: CDE).
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Having received an updated Speculative Buy rating with a price
target of $5.70 by Beacon Equity last week, Green Star Alternative
Energy, Inc. (PINKSHEETS: GSAE) and the company should have the
attention of investors looking to possibly benefit from the growing
wind energy market. Yesterday after the markets closed, the company
issued a press release announcing the hiring of Nikola Vasilijevic
as the Company's Wind Farm Designer. Nikola's expertise lies in
electrical engineering and computer science; he will oversee the
engineering and construction of Green Star's wind farms.
Nikola has worked for EPS, Electric Power Industry of Serbia,
and has made significant research contributions to the assessment
of wind energy potential in the region. His published work includes
"Creating the Map of Vojvodina's Wind Potential Using Linear
Interpolation Independent of Direction" (2008); and Nikola was an
honorary presenter at the European Wind Energy Conference in
Marseilles, France.
Last week, the company issued a press release announcing that it
has received an updated Speculative Buy rating with a price target
of $5.70 by Beacon Analyst, Victor Sula, Ph.D. In the report, the
analyst notes GSAE's recent filing with the SEC to become a fully
reporting publicly traded entity on Nasdaq's OTCBB. The analyst
also writes, "GSAE is evaluating various locations across Serbia as
commercially viable wind farm sites and evaluating potential
acquisitions to build its wind farm portfolio... the revenue
potential of GSAE's wind energy projects is significant. The
Company is pursuing opportunities to develop 300 MW of wind energy
and provide clean energy to Serbia and neighboring European
countries. During Q2 2009, GSAE began negotiations for a 60 MW wind
energy partnership project with Vintim representing $23 million in
potential gross revenues annually.
Last Monday the company also reported the installation of the
wind measurement tower at the 20 MW Belo Blato site. Miodrag
Andric, CEO of Green Star Alternative Energy, stated: "We are
delighted to see the first tower in place; but this is only the
beginning, as we have other locations that require analysis and
development."
The terrain had been carefully analyzed and many months of
preparation and licensing have culminated in this deployment. The
data gathered will provide Green Star the ability to optimize the
wind farm design and efficiency. Wellbury was commissioned to
execute the placement and construction of our 60 meter tower.
The stock closed yesterday at $1.70 a share.
For an in-depth profile of Green Star Alternative Energy, visit
http://www.wallstreetnewsalert.com/view-company-profiles.php?profile=GSAE_062209.
Level 3 Communications, Inc. (NASDAQ: LVLT) up 15.8% on 29.2
million shares traded.
Level 3 Communications, Inc. is a leading international provider
of fiber-based communications services.
Medarex, Inc. (NASDAQ: MEDX) up 12.5% on 24.8 million shares
traded.
Medarex is a biopharmaceutical company focused on the discovery,
development and potential commercialization of fully human
antibody-based therapeutics to treat life-threatening and
debilitating diseases, including cancer, inflammation, autoimmune
disorders and infectious diseases.
Coeur d'Alene Mines Corporation (NYSE: CDE) up 5.1% on 8.5
million shares traded.
Coeur d'Alene Mines Corporation is one of the world's leading
silver companies and also a significant gold producer.
Market Commentary:
Economic worries took its toll on the markets as the World Bank
estimated the global economy will shrink 2.9 percent in 2009. It
previously predicted a 1.7 percent decline.
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Inc. (PINKSHEETS: GSAE), WSCF has been compensated Thirty Thousand
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