Wall Street News Alert: Trade Alert: Navajo Wind Energy -- November 6, 2009
November 06 2009 - 9:38AM
Marketwired
Wall Street News Alert's "stocks to watch" this morning are: Navajo
Wind Energy Corp. (PINKSHEETS: CLBN), XTO Energy Inc. (NYSE: XTO),
IMS Health (NYSE: RX) and Fuel Systems Solutions, Inc. (NASDAQ:
FSYS).
Yesterday after the markets closed, Navajo Wind Energy Corp.
(formerly Caliber Energy Inc.) (PINKSHEETS: CLBN) issued a press
release announcing that it has taken delivery of 10 of the 53 wind
turbines per the manufacturing supply agreement with China Lao
Gaixian Wind L.P., represented by PCA Wind Power OA Inc., for its
120.80 MW wind farm project in Liaoning Province, China. Navajo
Wind Energy is a renewable energy company focused on creating
electricity from the power of wind.
The Agreement includes provisions for supplying the China Lao
Gaixian Project with 53 complete wind turbines, as well as testing
and commissioning services. The Agreement also provides for
operations and maintenance services to be provided to China Lao
Gaixian Wind L.P. over a two-year period. This agreement is
anticipated to result in approximately US$65 million in revenue
over its duration.
The stock closed yesterday at a Penny a share.
For an in-depth profile of Navajo Wind Energy, visit
http://wallstreetnewsalert.com/view-company-profiles.php?profile=CLBN_110509.
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XTO Energy Inc. (NYSE: XTO) up 2.6% on 6.6 million shares
traded.
XTO Energy Inc. is a domestic natural gas producer engaged in
the acquisition, development and discovery of quality, long-lived
oil and natural gas properties in the United States.
IMS Health (NYSE: RX) up 23.3% on 49 million shares traded.
IMS Health is the world's leading provider of market
intelligence to the pharmaceutical and healthcare industries.
Fuel Systems Solutions, Inc. (NASDAQ: FSYS) up 31% on 3.7
million shares traded.
Fuel Systems Solutions is a leading designer, manufacturer and
supplier of proven, cost-effective alternative fuel components and
systems for use in transportation and industrial applications.
Market Commentary:
The Labor Department said the number of newly laid-off workers
seeking unemployment benefits fell to 512,000 last week, the lowest
level since January and fewer than economists had forecast. Initial
claims are considered a gauge of the pace of layoffs.
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