Wall Street News Alert: Breaking Investors Alert for Tuesday: CLTH! November 11, 2008
Wall Street News Alert’s “stocks to watch” this morning are: CleanTech Biofuels, Inc. (OTCBB: CLTH), Microsoft Corp. (NASDAQ: MSFT), Petroleo Brasileiro SA (NYSE: PBR) and Alcoa (NYSE: AA).
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There is important breaking news coming from CleanTech Biofuels, Inc. (OTCBB: CLTH), and the company should once again have investors watching this stock closely. This morning, the company issued a press release announcing that Dan W. Ziegler, Managing Director of business development for Duke Energy Generation Services, will serve as a consultant to CleanTech Biofuels as it continues to develop its municipal solid waste to renewable power production platform.
Great addition for the company, as the press release states that Mr. Ziegler has over 20 years of experience in the power industry, with extensive first-hand knowledge of plant engineering, operations and project management. According to the release, recently, he was the manager for several large projects including a refurbishment and re-start of a waste coal-fired plant in Pennsylvania, and the $215MM re-powering of a 51 year-old plant with conversion from coal to combined cycle gas in Indiana. He has participated in a number of due diligence reviews for potential energy-related acquisitions both as an engineer and lead developer, and assisted with transitioning of new acquisitions into the corporate portfolio. Mr. Ziegler has a degree in mechanical engineering from the University of Cincinnati, and a MBA from the Kellogg School of Management at Northwestern University.
Mr. Ziegler noted, “I have followed the development of CleanTech’s Pressurized Steam Classification technology to produce a renewable biomass from municipal solid waste over the past several years and believe that this technology, currently ready for commercial implementation, is an important step in the development of creating reliable, plentiful and economically viable feed-stocks for conversion to clean energy.”
CleanTech CEO, Ed Hennessey added, “We are very pleased to add an individual with the background and experience of Dan Ziegler to our team. Dan has spent much of his career developing alternative energy applications. He will provide invaluable assistance as we begin developing commercial projects using our proprietary technologies.”
Investors are urged to continue to monitor the progress of the company!
Before the news was released, the stock closed yesterday at Sixty Two cents a share.
For Wall Street News Alert’s in-depth profile of CleanTech Biofuels, visit http://www.wallstreetnewsalert.com/HotStocks/CLTH111008/default.aspx
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.
Microsoft Corp. (NASDAQ: MSFT) down 0.9% on 65.8 million shares traded.
Founded in 1975, Microsoft is one of the worldwide leaders in software, services and solutions that help people and businesses realize their full potential.
Petroleo Brasileiro SA (NYSE: PBR) up 1.6% on 23.4 million shares traded.
Petrobras is a Brazil-based international energy company that performs in a profitable manner, with social and environmental responsibility.
Alcoa (NYSE: AA) up 5.2% on 21.4 million shares traded.
Alcoa is one of the world’s leading producers and manager of primary aluminum, fabricated aluminum and alumina facilities, and is active in all major aspects of the industry.
“Oil prices fluctuated throughout the day Monday, with light, sweet crude for December delivery rising $1.37 to settle at $62.41 a barrel on the New York Mercantile Exchange Monday, but swinging as low as $59.10 at one point,” stated Sonja Rudd in Wall Street News Alert’s daily commentary continued at: http://www.WallStreetNewsAlert.com.
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