Wall Street News Alert's "stocks to watch" this morning are: Green
Star Alternative Energy, Inc. (PINKSHEETS: GSAE), Aastrom
Biosciences, Inc. (NASDAQ: ASTM), Motorola, Inc. (NYSE: MOT) and
EMC Corporation (NYSE: EMC).
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Green Star Alternative Energy, Inc. (PINKSHEETS: GSAE) should
have the attention of investors looking to possibly benefit from
the growing wind energy market. This morning, the company issued a
press release announcing that it has received updated Speculative
Buy rating with a price target of $5.70 by Beacon Analyst, Victor
Sula, Ph.D.
In the report, the analyst notes GSAE's recent filing with the
SEC to become a fully reporting publicly traded entity on Nasdaq's
OTCBB. The analyst also writes, "GSAE is evaluating various
locations across Serbia as commercially viable wind farm sites and
evaluating potential acquisitions to build its wind farm
portfolio... the revenue potential of GSAE's wind energy projects
is significant. The Company is pursuing opportunities to develop
300 MW of wind energy and provide clean energy to Serbia and
neighboring European countries. During Q2 2009, GSAE began
negotiations for a 60 MW wind energy partnership project with
Vintim representing $23 million in potential gross revenues
annually."
This is the second time in the last several weeks that GSAE has
received new recommendations. On May 19 2009, the company announced
that Ludlow Energy Ventures, Inc. published a third party research
report on Green Star. The research opinion evaluates GSAE with a
Capital Rating of 'A-' and a Target Price of $8 per share.
The stock closed yesterday at $1.95 a share.
For an in-depth profile of Green Star Alternative Energy, visit
http://www.wallstreetnewsalert.com/view-company-profiles.php?profile=GSAE_061709.
Aastrom Biosciences, Inc. (NASDAQ: ASTM) even on 1 million
shares traded.
Aastrom is a leader in the development of autologous cell
products for the repair or regeneration of human tissue.
Motorola, Inc. (NYSE: MOT) down 0.1% on 30.1 million shares
traded.
Motorola is known around the world for innovation in
communications and is focused on advancing the way the world
connects.
EMC Corporation (NYSE: EMC) up 0.4% on 15.9 million shares
traded.
EMC Corporation is the world's leading developer and provider of
information infrastructure technology and solutions that enable
organizations of all sizes to transform the way they compete and
create value from their information.
Market Commentary:
The Commerce Department said Wednesday the current account trade
deficit dropped to $101.5 billion in the first quarter, down 34.5
percent from the fourth quarter. It was the lowest current account
deficit since the final quarter of 2001 when the country was mired
in the last recession.
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