Wall Street News Alert's "stocks to watch" this morning are:
CleanTech Biofuels, Inc. (OTCBB: CLTH), ConocoPhillips (NYSE: COP),
JA Solar Holdings Co., Ltd. (NASDAQ: JASO) and First Solar, Inc.
(NASDAQ: FSLR).
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CleanTech Biofuels, Inc. (OTCBB: CLTH) should have investors
monitoring the stock closely. Early this morning, the company
issued a press release announcing that that market Advisors
Research has initiated coverage of the company with an intermediate
term price range of $1.98 for its common stock.
For the complete report please visit:
http://thenewssvc.atapps.com/CLTH1008.pdf
For a Wall Street News Alert video presentation and in-depth
profile of CleanTech Biofuels, visit:
http://www.prmediainc.com/CLTH/2
The research report states, "CleanTech Biofuels, Inc. is a
United States-based development stage company with patented
technology (licensed from the University of California Berkley)
capable of converting Municipal Solid Waste (MSW) into cellulosic
ethanol. The company is dedicated to pursuing leading-edge
technology believing it has the most efficient and reliable process
available today."
According to the research report, "The United States government
has clearly supported cellulosic ethanol production, and that will
not change with a new administration coming soon. When the
government announces new initiatives to support renewable energy,
and there is no doubt they will, ethanol or cellulosic ethanol in
the sector will tend to benefit. Early entrants into cellulosic
ethanol refining and marketing will benefit from the growth in the
cellulosic industry. This is great news for companies like
CleanTech Biofuels, Inc., who stand to make big gains regardless of
whether the price of oil goes up or down."
Additional highlights from the report include:
-- CLTH has compelling economic, political and eco friendly elements
making this company very attractive to long-term investors seeking growth.
-- The United States produces over 200 tons of Municipal Solid Waste
(MSW) every year.
-- Biofuels, as well as other renewable energy sources, will continue to
play an important role in meeting the world's huge appetite for energy and
in slowing the rapid depletion of the world's fossil fuel reserves.
According to the recently passed Energy Independence and
Security Act of 2007, the US is projected to be a producer of 36
billion gallons of ethanol by 2022, of which 21 billion gallons is
required to be advanced biofuels, such as cellulosic ethanol.
Yesterday the company also reported that it has placed its
initial orders for equipment to be used at its first commercial
site located in Chicago, Illinois.
More great news! According to the release, CleanTech expects to
begin producing biomass from municipal solid waste for the
production of renewable energy in the near-term. Initially, the
biomass produced in Chicago will be co-fired with coal at existing
coal fired power plants operating in the Chicago area.
Investors are urged to continue to monitor the progress of the
company!
Before the news was released, the stock closed Monday at
Sixty-One cents a share.
In case you are not familiar with the company: CleanTech
Biofuels, Inc. is a development stage company with technology that
the company believes is capable of converting municipal solid waste
into ethanol and other energy products. By using the existing
infrastructure for municipal solid waste collection and disposal to
collect biomass at low or possibly negative feedstock cost, the
Company expects to achieve profitability quickly relative to other
energy producers who must develop their infrastructure to collect
and transport more expensive feedstocks such as sugar cane, corn or
even switchgrass, wood waste, or corn stover.
ConocoPhillips (NYSE: COP) up 9.9% on 17.3 million shares
traded. ConocoPhillips is an integrated petroleum company with
interests around the world.
JA Solar Holdings Co., Ltd. (NASDAQ: JASO) up 9.1% on 6.4
million shares traded. JA Solar Holdings Co., Ltd. is an emerging
and fast-growing manufacturer of high-performance solar cells. The
Company sells its products to solar module manufacturers who
assemble and integrate its solar cells into modules and systems
that convert sunlight into electricity.
First Solar, Inc. (NASDAQ: FSLR) up 6.5% on 3.7 million shares
traded. First Solar, Inc. manufactures solar modules with an
advanced thin film semiconductor process that significantly lowers
solar electricity costs.
Market Commentary:
"More relief at the pumps, as gas prices have fallen more than a
dime a gallon since Friday, hitting a national average of $2.92 on
Monday, according to auto club AAA, the Oil Price Information
Service and Wright Express," stated Sonja Rudd in Wall Street News
Alert's daily commentary continued at:
http://www.WallStreetNewsAlert.com.
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Clean Tech Biofuels (CE) (USOTC:CLTH)
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