WESTON, FL -- (Marketwire) -- 11/18/08 -- Wall Street News Alert's "stocks to watch" this morning are: CleanTech Biofuels, Inc. (OTCBB: CLTH), Level 3 Communications, Inc. (NASDAQ: LVLT), Bristol-Myers Squibb Company (NYSE: BMY) and Suncor Energy Inc. (NYSE: SU).
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There is more important breaking news coming from CleanTech Biofuels, Inc. (OTCBB: CLTH), and the company should once again have investors watching this stock closely. Yesterday after the markets closed the company issued a press release announcing that it has begun exploring opportunities to implement its technology in France with the assistance of the French government economic development arm, the Invest in France Agency.
Good news for the company! This significant development signals CleanTech's expansion into international markets, starting with France which is already recognized as a leader in promoting alternative energy technologies and the reduction of carbon emissions. The recent Grenelle de L'environment forum arranged by the French Government has called for an even greater investment in renewable energy in the near-term future, making it an ideal country for CleanTech to partner with as it expands abroad.
The company last reported 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.
Investors are urged to continue to monitor the progress of the company!
Before the news was released, the stock closed yesterday at Forty Five cents a share.
For Wall Street News Alert's in-depth profile of CleanTech Biofuels, visit http://www.wallstreetnewsalert.com/HotStocks/CLTH111708/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.
Level 3 Communications, Inc. (NASDAQ: LVLT) up 3.4% on 28.1 million shares traded. Level 3 Communications, Inc. one of the leading international provider of fiber-based communications services.
Bristol-Myers Squibb Company (NYSE: BMY) up 0.6% on 18.1 million shares traded. Bristol-Myers Squibb is a global biopharmaceutical company whose mission is to extend and enhance human life.
Suncor Energy Inc. (NYSE: SU) up 0.7% on 11.9 million shares traded. Suncor Energy Inc. is an authorized licensee of the Phillips 66® brand and marks in the state of Colorado. Sunoco in Canada is separate and unrelated to Sunoco in the United States, which is owned by Sunoco, Inc. of Philadelphia.
"Citigroup Inc. has reported it is slashing approximately 53,000 more employees in the coming quarters as the banking giant struggles to steady itself after suffering massive losses from deteriorating debt," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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