SOURCE: Wall Street News Alert

June 22, 2006 09:43 ET

SOEN Continues Momentum: Company Provides Corporate Update on Progress! June 22, 2006

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

WESTON, FL -- (MARKET WIRE) -- June 22, 2006 -- Wall Street News Alert's "stocks to watch" this morning are: Solar EnerTech Corp. (OTCBB: SOEN), Exxon Mobil Corporation (NYSE: XOM), Goldman Sachs Group Inc. (NYSE: GS) and Teva Pharmaceutical Industries Ltd. (NASDAQ: TEVA).

Aggressive investors and day traders are now used to seeing press releases regarding Solar EnerTech Corp. (OTCBB: SOEN). Here's the latest from the company's press release yesterday detailing a corporate update.

Continue to watch this company, as the update covers its progress establishing manufacturing capabilities, executing a LOI to secure potential silicon supplies, earning favorable analyst coverage, and taking a lead role in the China Renewable Energy Summit and recent appointments. Solar EnerTech is focused on the development and manufacture of quality solar cells, applications and advanced technologies, taking advantage of rapidly increasing demand in the solar power market, which grew 55% last year to $11.2 billion.

Investors should continue to look for news from Solar EnerTech! From Yesterday's release:

--  Solar EnerTech is making excellent progress toward the rapid start-up
    of its manufacturing operations. Construction of the company's new state-of-
    the-art solar cell manufacturing plant in Shanghai is running ahead of
    schedule and within budget. The projected production capacity for Solar
    EnerTech's facility is estimated at an output of 20 megawatts per
    production line. The company's strategic plan is to have the initial 20
    megawatts in production by fourth quarter of this year.
--  Last week it was announced that independent fee-based research
    provider Wellington Research has initiated coverage on the company with a
    price target of $5.17 and a rating of "Outperform". The report asserts:
    "Solar EnerTech Corp. plans to establish a strong presence in the emerging
    solar energy market. With its manufacturing facility in China, the Company
    has been able to capitalize on the availability of low-cost resources.
    Further, the Company's management team has significant experience in the
    solar market. By successfully executing its business plans and entering
    into strategic partnerships along the value-chain, Solar EnerTech may be
    able to become one of the leading operators in the industry. The
    Californian market (which the Company is heavily targeting) has a huge
    potential and is expected to provide the right platform for the Company's
--  Solar EnerTech has executed of a Letter of Intent with PAIS Industries
    Group whereby PAIS Industries would supply the Company with 1,200 metric
    tons of solar grade silicon ingots for the next three years. This
    cooperative arrangement is designed to supply Solar EnerTech with silicon
    feedstock needed to manufacture its leading edge solar cells and ensure
    access to affordable materials in spite of industry-wide silicon shortages.
    It is contingent upon completion of an agreement between PAIS Industries
    and the government of the Inner Mongolia Autonomous Region for the
    development and processing of locally mined solar grade silicon.
--  This week Solar EnerTech attended and co-sponsored the China Renewable
    Energy Summit at the National Congress Conference Center in Beijing.
    Company CEO and President, Leo. S. Young delivered a keynote speech to the
    audience of industry insiders, legislators and policy makers. Company
    management was able to conduct talks and forge ties with a variety of key
    governmental officials.
Wall Street News Alert is continuing to place Aggressive Investors on alert to monitor the progress of Solar EnerTech! The company is a photovoltaic (PV) solar energy cell manufacturing enterprise based in Shanghai, China where the Company is establishing a sophisticated 42,000 square foot manufacturing and research facility in Shanghai's Jinqiao Modern Science and Technology Park. Solar EnerTech plans to invest in PV cell research to develop higher efficiency cells and put the results of that research to use immediately in its manufacturing processes. Led by one of the industry's top scientists, the Company's R&D program will work to bring Solar EnerTech to the forefront of advanced solar technology research and production. The Company has also established a marketing, purchasing and distribution arm in Northern California's Silicon Valley.

Prior to the latest press release, the stock closed yesterday at $1.61 a share.

For an in-depth profile of Solar EnerTech Corp, visit

To view all of Wall Street News Alert's special early morning trading alerts for this morning, visit, where you may also sign up to receive free email alerts in advance of our press releases being issued.

Exxon Mobil Corporation (NYSE: XOM) up 1.2% on 22.5 million shares traded.

Exxon Mobil Corporation is a leading global petroleum and petrochemicals company with operations in more than 200 countries.

Goldman Sachs Group Inc. (NYSE: GS) up 3.2% on 7.5 million shares traded.

Goldman Sachs is a leading global investment banking, securities and investment management firm that provides a wide range of services worldwide to a substantial and diversified client base that includes corporations, financial institutions, governments and high net worth individuals.

Teva Pharmaceutical Industries Ltd. (NASDAQ: TEVA) down 9.3% on 39.9 million shares traded.

Teva Pharmaceutical Industries Ltd., headquartered in Israel, is among the top 20 pharmaceutical companies in the world and is the leading generic pharmaceutical company.


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