SOURCE: Wall Street News Alert

Wall Street News Alert

January 14, 2010 09:38 ET

Breaking Market Alert: Fidelis Energy Inc. -- January 14, 2010

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.

WESTON, FL--(Marketwire - January 14, 2010) - Wall Street News Alert's "stocks to watch" this morning are: Fidelis Energy Inc. (PINKSHEETS: FDEI), Exxon Mobil Corporation (NYSE: XOM), Apple Inc. (NASDAQ: AAPL) and Chesapeake Energy Corporation (NYSE: CHK).

Yesterday after the markets closed, Fidelis Energy Inc. (PINKSHEETS: FDEI) issued a press release announcing that it has closed on the acquisition of a stake in a Solar Park in Spain. Previously detailed in its press release dated October 21, 2009, Fidelis entered into a binding Letter Of Intent ("LOI") with ASD Lusiona Solar ("ALS") to acquire an 8% stake in its wholly-owned subsidiary, ASDR Barranca Solar, which owns a 2MW producing photovoltaic solar facility located in Spain. Under the agreement, Fidelis also has an option to buy the remaining stake in ASDR.

Immediately following the acquisition, Fidelis completed a $2.5 million private placement (the "Private Placement"), with private alternative energy investment firm Global Solutions Ltd. funding $1.2 million of the total. The balance of the Private Placement was funded by management, associates of management and former Fidelis shareholders.

Mr. Poole, President and CEO of Fidelis, said: "As we continue to attract additional funding for these projects from our partners we will bid on new projects that make strong economic sense for our Company. The deployment of these large scale projects will accelerate our manufacturing process which will enhance our overall margins and drive our profitability. Management believes that the signing of the solar park acquisitions will assist us in working with additional municipalities and land owners to obtain additional contracts, increase our earnings and achieve our primary goal of improved shareholder value."

It was just this week that the company also reported a $25 million agreement with Esar Solar Power Pvt. Ltd. (ESP), a Jaipur-based company, to develop and construct the first of several solar energy projects located in the Thar Desert near Jaisalmer, India. The region is destined to become the world's biggest solar power house as it basks in an average of 330 days of sunshine per year and receives up to 6.2KW per hour of solar energy per square meter everyday, which is the highest in the world.

The press release states that within the scope of this project, which firmly establishes Fidelis in the international arena of solar power developers, the Company will design and construct a multi-megawatt solar power system that will supply and support the community's energy grid system to meet a consistently increasing demand.

The stock closed yesterday at a Penny a share.

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Exxon Mobil Corporation (NYSE: XOM) down 0.4% on 24.8 million shares traded.

Exxon Mobil Corporation is one of the leading international energy companies whose subsidiaries have operations in most of the world's countries.

Apple Inc. (NASDAQ: AAPL) up 1.4% on 21.6 million shares traded.

Apple continues to lead the industry in innovation with its award-winning computers, OS X operating system and iLife and professional applications.

Chesapeake Energy Corporation (NYSE: CHK) up 0.8% on 10.5 million shares traded.

Chesapeake Energy Corporation is the largest independent producer of natural gas in the U.S. Headquartered in Oklahoma City.

Market Commentary:

Oil prices dropped below $80 Mark, as crude fell $1.14 to settle at $79.65 per barrel on the New York Mercantile Exchange, hurting stocks of energy companies.

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