SOURCE: Wall Street News Alert

Wall Street News Alert

November 03, 2009 09:38 ET

Wall Street News Alert: Market Watch: Navajo Wind Energy - November 3, 2009

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

WESTON, FL--(Marketwire - November 3, 2009) - Wall Street News Alert's "stocks to watch" this morning are: Navajo Wind Energy Corp. (PINKSHEETS: CLBN), Apple Inc. (NASDAQ: AAPL), LDK Solar Co., Ltd. (NYSE: LDK) and Exxon Mobil Corporation (NYSE: XOM).

Yesterday after the markets closed, Navajo Wind Energy Corp. (formerly Caliber Energy Inc) (PINKSHEETS: CLBN) issued a press release announcing the completion of the third tranche of its previously announced $50 million financing. Navajo Wind Energy is a renewable energy company focused on creating electricity from the power of wind.

Navajo will receive gross proceeds of $15 million for the issuance of a promissory note, which is subject to a hold period of two years plus one day from the date of issuance in accordance with the agreement. The funding is expected to be received on November 16, 2009, with the net proceeds of the third tranche being approximately $13.8 million after deducting the placement agents' fees and estimated offering expenses.

Navajo will allocate $13,500,000 of the net proceeds to fund the previously announced acquisition of 200 MW Xinjiang Wind Farm Project ("Xinjiang"), see press release of February 25, 2009. The remaining funds will be used as working capital for the Company. To date the Company has received $18.4 million of which $18 million have been used to fund the 200 MW Xinjiang Wind Farm Project.

The stock closed yesterday at over a Penny a share.

For an in-depth profile of Navajo Wind Energy, visit http://wallstreetnewsalert.com/view-company-profiles.php?profile=CLBN_110209.

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Apple Inc. (NASDAQ: AAPL) up 0.4% on 24.2 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.

LDK Solar Co., Ltd. (NYSE: LDK) down 22.8% on 15.3 million shares traded. LDK Solar Co., Ltd. is a leading manufacturer of multicrystalline solar wafers, which are the principal raw material used to produce solar cells.

Exxon Mobil Corporation (NYSE: XOM) up 0.6% on 20.4 million shares traded. Exxon Mobil Corporation and ExxonMobil Foundation, the primary philanthropic arm of Exxon Mobil Corporation in the United States, engage in a range of philanthropic activities that advance education, health and public policy in the communities where ExxonMobil has significant operations.

Market Commentary:

The National Association of Realtors said Monday its seasonally adjusted index of sales agreements rose 6.1 percent from August to 110.1. It was the highest reading since December 2006 and more than 21 percent above a year ago.

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