SOURCE: Wall Street News Alert
Wall Street News Alert: Breaking Market News: CLBN -- May 12, 2009
NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.
WESTON, FL--(Marketwire - May 12, 2009) - Wall Street News Alert's "stocks to watch" this
morning are: Navajo Wind Energy Corp. (
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With breaking news just released, Navajo Wind Energy Corp. (formerly
Caliber Energy Inc.) (
As per China's Renewable Energy Law, the Power Purchase Agreement with the local utility is mandated by the central Government of China. Through this legislation, the State officially encourages the construction of renewable energy power facilities. China's electricity grid is obligated to purchase all the electricity generated by approved renewable energy facilities located in its service area. The grid's buying price for renewables is set by the National Development and Reform Commission (NDRC), a regulatory department of the State Council. The company awaits final pricing and terms from the NDRC.
Navajo is extremely pleased with this development and is assured that the Company will have this long awaited news from the Province before September, along with a wind farm construction permit.
"We would like to thank everyone involved in this project for all of their hard work in attaining this tremendous accomplishment," says Barry Doyle, President of Navajo Wind Energy Corp. The details of the PPA will be formally announced within the next few weeks with terms, conditions and pricing.
In addition, the Company looks forward to finalizing the current information with the Pink Sheets OTC disclosure and news service.
The stock closed yesterday at around a Penny a share.
For an in-depth profile of Navajo Wind Energy, visit http://wallstreetnewsalert.com/view-company-profiles.php?profile=CLBN_051109.
Exxon Mobil Corporation (
Exxon Mobil Corporation is one of the leading international energy companies whose subsidiaries have operations in most of the world's countries.
BB&T Corporation (
BB&T Corporation is the nation's 11th largest financial holding company.
SunPower Corp. (
SunPower Corp. is a Silicon Valley-based provider of high efficiency solar cells, solar panels, and solar systems.
Market Commentary:
Prices at the pump continued to trek higher Monday, moving up 1.3 cents to a national average of $2.226 a gallon, according to auto club AAA, Wright Express and Oil Price Information Service. Prices are 17.4 cents higher than last week.
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performed for Navajo Wind Energy Corp. (formerly Caliber Energy Inc.)
(
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