SOURCE: Wall Street News Alert

Wall Street News Alert

February 25, 2009 08:33 ET

Wall Street News Alert: Ahead of the Bell: Solargy Systems Inc.

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

WESTON, FL--(Marketwire - February 25, 2009) - Wall Street News Alert's "stocks to watch" this morning are: Solargy Systems Incorporated (PINKSHEETS: SLGS), Apple Inc. (NASDAQ: AAPL), SunPower Corp. (NASDAQ: SPWRA) and Rambus Inc. (NASDAQ: RMBS).

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As the demand for alternative energy continues to climb, Solargy Systems Inc. (PINKSHEETS: SLGS) should have the attention of investors looking to possibly benefit from this explosive industry. Yesterday after the markets closed, the company, a systems integrator of alternative energy technologies, issued a press release announcing that they have received a signed letter of intent from Barron Properties to develop and install a solar farm utility site for the production of electricity via Solargy's branded solar panels.

This is good news for the company. The site will be located in Wellington and the energy produced shall be sold pursuant to a power purchase agreement to Florida Power and Light for the term of no less than twenty years. The solar farm will consist of approximately 14,000 solar panels on the property and the interconnection of the solar units to the FP&L grid. According to the release, the signed letter of intent for the solar panel installation is for $15,000,000. This project is in addition to a previously announced solar farm project in Chiefland, Florida.

"Since we have refocused on the alternative energy industry, we have been aggressively pursuing contracts for projects whilst simultaneously looking for factory space to manufacture panels and the capital to start manufacturing. We have identified a building here in Miami and we have also identified a funding source who is interested in participating in the $100,000,000 manufacturing operation, subject to certain conditions," stated C.E.O. (MD) Carl Nurse.

Mr. Nurse also added, "We are working on funding for our plant. We have also cleared some final issues with our proposed waste to energy facility and we expect executed documents and a bank guarantee very shortly. In the coming weeks we will release details of each project as we get executed documents. These projects have a total value of $180,000,000. As soon as we get a commitment from a lender for the funding for the manufacturing plant we will publish the details, but we have expressions of interest from a few entities and we are working to meet the conditions imposed."

The stock closed yesterday at Three cents a share.

For an in-depth profile of Solargy Systems, visit

Apple Inc. (NASDAQ: AAPL) up 3.8% on 26.9 million shares traded.

Apple ignited the personal computer revolution in the 1970s with the Apple II and reinvented the personal computer in the 1980s with the Macintosh.

SunPower Corp. (NASDAQ: SPWRA) up 10.6% on 2.1 million shares traded.

SunPower Corp. designs, manufactures and delivers high-performance solar electric systems worldwide for residential, commercial and utility-scale power plant customers.

Rambus Inc. (NASDAQ: RMBS) up 40% on 14.2 million shares traded.

Rambus is one of the world's premier technology licensing companies specializing in the invention and design of high-speed memory architectures.

Market Commentary:

Prices of U.S. single-family homes plunged 18.5 percent in December from a year earlier as the monthly pace accelerated, according to a Standard & Poor's/Case-Shiller home price index on Tuesday.

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