SOURCE: Wall Street News Alert

Wall Street News Alert

May 15, 2007 09:46 ET

Wall Street News Alert: OEGY Is Tuesday's Stock to Watch! May 15, 2007

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

WESTON, FL--(Marketwire - May 15, 2007) - Wall Street News Alert's "stocks to watch" this morning are: Open Energy Corp. (OTCBB: OEGY), Dynegy Incorporated (NYSE: DYN), Chesapeake Energy Corporation (NYSE: CHK) and First Solar, Inc. (NASDAQ: FSLR).

Open Energy Corp. (OTCBB: OEGY) is another new stock to put on your radar and watch as Wall Street News Alert initiates coverage of the company. This morning, the company and Suntech Power Holdings Co., one of the world's leading manufacturers of photovoltaic (PV) cells and modules, issued a press release announcing the signing of a letter of intent for broad initiatives targeting the expansion of the Building Integrated Photovoltaic (BIPV) products sales of each company.

This could be great news for the company. Suntech will provide cost effective and high quality production for Open Energy's SolarSave® PV Tiles. The companies will market each other's broad portfolio of BIPV products within the North American market. Suntech will also have the right to acquire up to 5% of the outstanding shares of Open Energy as part of this strategic cooperation.

David Saltman, CEO of Open Energy, stated, "This alliance with Suntech is of major strategic importance to our company. Suntech is a high volume manufacturer of quality solar photovoltaic products and in our meetings with its Chairman and CEO, Dr. Zhengrong Shi and Suntech's production and engineering staff, we were convinced that Suntech is the ideal partner to manufacture SolarSave® tiles in China thus enabling us to enhance our sales volumes and margins. This agreement secures our product supply at competitive pricing, and positions Open Energy as an innovative developer and aggressive marketer of solar solutions in North America. In addition, with its acquisition of MSK in Japan, Suntech now has considerable expertise in architectural PV glass, a product set that is gaining traction among developers here in the States as well as deep design support for BIPV projects. We are additionally excited to welcome Suntech as a future strategic core shareholder."

Wall Street News Alert is placing Aggressive Investors on alert to monitor the progress of Open Energy Corp! Len May, Suntech America's Vice President of Business Development spoke positively about the newly-formed alliance, "This agreement is an important step forward in demonstrating the synergies of our acquisition of MSK Corporation by combining Suntech's manufacturing strength with MSK's strength of high-end and innovative BIPV solutions. We believe that this marketing alliance with Open Energy will accelerate the momentum that we have achieved since we acquired MSK with its BIPV product offerings and development expertise which will enable us to broadly address the performance and project demands of a rapidly growing market for BIPV products here in America as well as in Asia, Europe and other parts of the world. We also intend to engage in joint development with Open Energy of innovative next generation BIPV products. We are also pleased to have warrants to acquire shares in our new partner Open Energy who we think will have a bright future particularly as we together grow our mutual BIPV initiatives."

Continue to watch this company. The transactions contemplated by the letter of intent are subject to the execution of definitive agreements, which are currently contemplated to be completed by the end of June 2007.

Prior to the latest press release, the stock closed Monday at Thirty Nine cents a share.

For Wall Street News Alerts' in-depth profile of Open Energy Corp, visit http://www.WallStreetNewsAlert.com/HotStocks/OEGY051407/default.aspx

In case you are not familiar with the companies: Open Energy Corporation is a renewable energy company focused on the development and commercialization of a portfolio of technologies capable of delivering low-risk, cost-competitive electricity, fresh water and related commodities on a global basis. Open Energy offers building-integrated photovoltaic (PV) roofing materials for commercial, industrial, and residential markets. Marketed under the trade name SolarSave®, the product line includes roofing membranes, roofing tiles, custom architectural PV glass, and balance of systems equipment such as inverters, combiners, and accessories. The Company also holds an exclusive, worldwide license to a solar thermal technology called SunCone™ CSP (Concentrating Solar Power), which is currently being developed to generate potable water and distributed power. The company's mission is to enhance life by harnessing the power of the sun.

Suntech Power Holdings Co., Ltd. is a leading solar energy company in the world as measured by both production output and capacity of solar cells and modules. Suntech provides solar solutions for a green future. Suntech designs, develops, manufactures, and markets a variety of high quality, cost effective and environmentally friendly PV cells and modules for electric power applications in the residential, commercial, industrial, and public utility sectors. Suntech's majority-owned subsidiary, MSK Corporation is one of the top-ranked companies in the building-integrated photovoltaics (BIPV) space. Suntech's customers are located in various markets worldwide, including key markets throughout Europe, Japan, China and the United States. Suntech America, Inc. is a wholly owned subsidiary of Suntech Power Holdings Co., Ltd.

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

Dynegy Inc. (NYSE: DYN) up 2.6% on 9.1 million shares traded. The company's power generation portfolio consists of approximately 20,000 megawatts of baseload, intermediate and peaking power plants fueled by a mix of coal, fuel oil and natural gas.

Chesapeake Energy Corporation (NYSE: CHK) up 0.6% on 10.3 million shares traded. Chesapeake Energy Corporation is the third-largest independent and sixth-largest overall producer of natural gas in the U.S. Headquartered in Oklahoma City, the company's operations are focused on exploratory and developmental drilling and corporate and property acquisitions in the Mid-Continent, Fort Worth Barnett Shale, Fayetteville Shale, Permian Basin, Delaware Basin, South Texas, Texas Gulf Coast, Ark-La-Tex and Appalachian Basin regions of the United States.

First Solar, Inc. (NASDAQ: FSLR) down 3.8% on 1.9 million shares traded. First Solar, Inc. manufactures solar modules with an advanced thin film semiconductor process that significantly lowers solar electricity costs. By enabling clean renewable electricity at affordable prices, First Solar provides an economic alternative to peak conventional electricity and the related fossil fuel dependence, greenhouse gas emissions, and peak time grid constraints.

Market Commentary:

"There was big news in the automotive world as DaimlerChrysler said Monday it will sell 80% of money-losing Chrysler to Cerberus Capital Management LP, a New York private equity firm, for $7.4 billion," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.

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