Stock on the Move for Tuesday
Stock Market Alerts’ performance stock list includes: Green Star Alternative Energy, Inc. (PINKSHEETS: GSAE), GE (NYSE: GE), Suntech Power Holdings Co., Ltd. (NYSE: STP) and Cosan Limited (NYSE: CZZ).
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As the demand for clean renewable energy solutions continues to skyrocket, investors are going to want to keep a close eye on Green Star Alternative Energy, Inc. (PINKSHEETS: GSAE). Yesterday after the markets closed, the company, which is working to develop more than 300 megawatts of clean wind energy, issued a press release announcing the development of a new wind energy project in the Republic of Serbia. It will be the country’s first alternative energy project to generate renewable, emission-free power from wind.
This is great news for the company, as the press release states that the 20 Megawatt (MW) Belo Blato wind farm will be the initial phase of a 300 MW development plan! Highlights from the press release include:
-- Green Star expects the Belo Blato project to come online by second quarter 2009. -- Green Star reports the Belo Blato wind energy project is being developed to generate 20 MW of wind power to provide 6,000 homes with a supply of eco-friendly electricity. -- Green Star is acquiring alternative energy development and power trading company Notos d.o.o. to become Serbia's first wind power developer. -- The company also plans to grow and sell wheat to maximize use of the site's fertile soil
For complete details, please refer to yesterday’s press release.
Investors are urged to monitor the progress of Green Star Alternative Energy! Miodrag Andric, President of Notos, commented: “Serbia is ready for wind power. The nation has ample wind resources and a stable and growing economy. National energy policy calls for increased use of renewable resources to meet rising electricity needs. We are thrilled to be helping Serbia to realize its clean energy potential.”
J. M. De Castro, CFO of Green Star Alternative Energy, stated: “The Belo Blato wind project is progressing through the final stages prior to construction. A feasibility study has been completed and permits are in process. We expect construction to begin in early 2009 with the first turbine operating in the second quarter. This project marks a new era of clean energy generation for Serbia. Green Star Alternative Energy is proud to be a part of it.”
Prior to the latest press release, the stock closed yesterday at $2.15 a share.
For an in-depth profile of Green Star Alternative Energy, visit http://www.wallstreetpresswire.com/page.php?BN_UID=103.
Other Stocks of interest yesterday were:
GE (NYSE: GE) up 4.3% on 82.6 million shares traded. GE is Imagination at Work — a diversified technology, media and financial services company focused on solving some of the world’s toughest problems. With products and services ranging from aircraft engines, power generation, water processing and security technology to medical imaging, business and consumer financing, media content and advanced materials, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide.
Suntech Power Holdings Co., Ltd. (NYSE: STP) down 5% on 4.7 million shares traded. Suntech Power Holdings Co., Ltd. is a world leading solar energy company as measured by both production output and capacity of solar cells and modules. Suntech is passionate about improving the environment we live in and dedicated to developing advanced solar solutions that enable sustainable development.
Cosan Limited (NYSE: CZZ) down 2.1% on 304,000 shares traded. Cosan Limited through its subsidiaries, engages in the manufacture and sale of sugar and ethanol primarily in Brazil. It grows and processes sugarcane to produce standard sugars, including raw sugar, crystal sugar, and organic sugar; and refined sugars, including granulated refined white sugar, amorphous refined sugar, refined sucrose liquid sugar, and refined inverted liquid sugar. The company also produces and sells hydrous, anhydrous, and industrial ethanol.
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