Wall Street News Alert: Hot Stocks to Watch: WWEI! December 9, 2008
NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.
Dec 9, 2008 8:46:00 AM
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View Additional ProfilesWESTON, FL -- (MARKET WIRE) -- 12/09/08 -- Wall Street News Alert's "stocks to watch" this morning are: Welwind Energy International Corp. (OTCBB: WWEI), Apple Inc. (NASDAQ: AAPL), Merrill Lynch & Co., Inc. (NYSE: MER) and Duke Energy Corporation (NYSE: DUK).
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After a big week of important news last week, Welwind Energy International Corp. (OTCBB: WWEI) is at it again, and should have investors monitoring the stock closely! Early this morning, the company, a developer and operator of wind farm projects in China and Canada, issued a press release announcing that it has received a letter of intent to finance its 200 MW wind farm project located in Southern Alberta, Canada.
This is great news, as the press release states that the value of the 200 MW project is in excess of US$400,000,000 (four hundred million)! As previously announced, Welwind has come to a terms agreement with Windcor Power Systems to create a joint venture partnership on various projects located in Canada. Both companies agree to begin their relationship starting with the Southern Alberta project.
Here are some of the highlights about the Southern Alberta Project:
-- The project, with a potential build out of 200 MW, is located in
Southern Alberta, Canada and has over 3 years wind data.
-- The energy yield for the project shows a steady class of wind that
will produce a clean, low turbulent output. This is better on the equipment
compared to blustery winds known in the south west region of the foothills
of Alberta.
-- The project is located in an area that is far enough away from the
blustery conditions with no residences close to the project; the
transmission runs through the property and there are no known environmental
issues preventing the project from proceeding.
-- The area is one of the lowest populated areas in Alberta and has some
of the best suited wind regimes in the province for production, operation
and maintenance of the turbines.
-- The Province of Alberta is known for its wind regime and its
deregulated market, having some of the first turbines installed in Canada.
-- The City of Calgary runs their (C-train) transit system from Wind
generated electricity.
-- The companies will work to have this project construction ready in
2009 with the electricity to be sold to the Alberta Power Pool.
-- There is enough room on the grid where the project is located so that
there are no delays with conducting any interconnection issues or waiting
for new transmission lines to be built.
"With the funding commitment that is in place we will be able to complete all of our project goals in 2009, including the Peace project, Zhanjiang, Yangxi, and Ningxia,'' says Shannon de Delley, Director of Welwind.
Investors are urged to continue to monitor the progress of the company!
The stock closed yesterday at around Seven cents a share.
In case you are not familiar with the company: Welwind Energy International Corp. is committed to providing the best resource option available for renewable energy, protecting our environment, empowering communities, bolstering local economies and respecting the rights of future generations.
Welwind Energy International was founded to build, own and operate wind farms on an international scale. The company's goal is to become a leading provider of clean energy products for the residential, business and governmental consumer.
Apple Inc. (NASDAQ: AAPL) up 6% on 42.4 million shares traded. Apple ignited the personal computer revolution in the 1970s with the Apple II and reinvented the personal computer in the 1980s with the Macintosh. Today, Apple continues to be one of the leaders in the industry of innovation with its award-winning computers, OS X operating system and iLife and professional applications.
Merrill Lynch & Co., Inc. (NYSE: MER) up 16.9% on 38.3 million shares traded. Merrill Lynch is one of the world's leading wealth management, capital markets and advisory companies with offices in 40 countries and territories and total client assets of approximately $1.5 trillion at September 26, 2008.
Duke Energy Corporation (NYSE: DUK) even on 10.3 million shares traded. Duke Energy, one of the largest electric power companies in the United States, supplies and delivers electricity to approximately 4.0 million U.S. customers in its regulated jurisdictions.
Market Commentary:
"Oil prices came back from four-year lows and shot above $43 a barrel Monday as OPEC floated the possibility of a "severe" production. Light, sweet crude for January delivery jumped $2.90 to settle at $43.71 a barrel on the New York Mercantile Exchange. On Friday, the contract dropped nearly $3 to settle at $40.81 and prices fell as low as $40.50, levels last seen in December 2004," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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