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Wind Energy America Inc. Rated ‘Speculative Buy,’ Target Price $2.98 By Beacon Equity Research

June 24, 2008

Wind Energy America Inc. (OTCBB: WNEA) has been rated Speculative Buy with a price target of $2.98 by Beacon Equity Research Analyst, Victor Sula, Ph.D.

The full report is available at http://www.BeaconEquity.com/m.

Anyone interested in receiving alerts regarding WNEA research should e-mail members@beaconequity.com with “WNEA” in the subject line.

In the report, the analyst writes, “Over the next four years, WNEA plans to complete approximately 280 MW of wind energy projects in the upper Great Plains and Midwest. The Company estimates approximately $69 million of external funding will be required to complete these projects, including $40 million from equity financing. Assuming funding is secured and the various projects are completed, WNEA would expand installed capacity to 400 MW over the next four years. At this generating capacity level, the Company could be producing annual revenues exceeding $80 million from electricity sales and annual income ranging around $40 million to $45 million.”

Other companies in the alternative energy industry include First Solar Inc. (Nasdaq:FSLR), Suntech Power Holdings Co. Ltd. (NYSE:STP), Evergreen Solar Inc. (Nasdaq:ESLR).

Beacon Equity Research Disclosure

The analysts contributing to this report do not hold any shares of Wind Energy America Inc. (WNEA). Additionally the analysts contributing to this report certify that the views expressed herein accurately reflect the analysts’ personal views as to the subject securities and issuers. The analyst(s) writing this report recognize and aspire to all of the CFA Institute Guidelines for Independent Research. Beacon Equity Research (“Beacon”) certifies that no part of the analysts’ compensation was, is, or will be, directly or indirectly, related to the specific recommendation or views expressed by the analysts in the report. Beacon and its affiliates have been compensated a total of one hundred fifty thousand Restricted Rule 144 shares directly from Boreal Energy Inc. for enrollment of WNEA for research and other services. This report is based on data obtained from sources we believe to be reliable, but is not guaranteed for accuracy and does not purport to be complete. As such, the report should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed herein are subject to change.




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