Wall Street News Alert: Ahead of the Bell: CLBN -- May 12, 2009

  Wall Street News Alert's "stocks to watch" this
morning are: Navajo Wind Energy Corp. (PINKSHEETS: CLBN), First Solar, Inc.
(NASDAQ: FSLR), Capital One Financial Corporation (NYSE: COF) and Duke
Energy (NYSE: DUK).

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With breaking news just released, Navajo Wind Energy Corp. (formerly Caliber Energy Inc.) (PINKSHEETS: CLBN) should have investors watching closely. Yesterday at the close, the company, a renewable energy company focused on creating electricity from the power of wind, issued a press release announcing that it has received a letter of final approval from the local regional Mayor for the Xinjiang Power Purchase Agreement (PPA).

As per China's Renewable Energy Law, the Power Purchase Agreement with the local utility is mandated by the central Government of China. Through this legislation, the State officially encourages the construction of renewable energy power facilities. China's electricity grid is obligated to purchase all the electricity generated by approved renewable energy facilities located in its service area. The grid's buying price for renewables is set by the National Development and Reform Commission (NDRC), a regulatory department of the State Council. The company awaits final pricing and terms from the NDRC.

Navajo is extremely pleased with this development and is assured that the Company will have this long awaited news from the Province before September, along with a wind farm construction permit.

"We would like to thank everyone involved in this project for all of their hard work in attaining this tremendous accomplishment," says Barry Doyle, President of Navajo Wind Energy Corp. The details of the PPA will be formally announced within the next few weeks with terms, conditions and pricing.

In addition, the Company looks forward to finalizing the current information with the Pink Sheets OTC disclosure and news service.

The stock closed yesterday at around a Penny a share.

For an in-depth profile of Navajo Wind Energy, visit http://wallstreetnewsalert.com/view-company-profiles.php?profile=CLBN_051109.

First Solar, Inc. (NASDAQ: FSLR) up 1.3% on 3.1 million shares traded.

First Solar, Inc. manufactures solar modules with an advanced thin film semiconductor process that significantly lowers solar electricity costs.

Capital One Financial Corporation (NYSE: COF) down 13.5% on 114.5 million shares traded.

Capital One Financial Corporation is a financial holding company whose subsidiaries, which include Capital One N.A., Capital One Bank (USA), N.A., and Chevy Chase Bank, F.S.B., collectively had $121 billion in deposits and $150 billion in managed loans outstanding as of March 31, 2009.

Duke Energy (NYSE: DUK) up 1.1% on 11.7 million shares traded.

Duke Energy is a Fortune 500 company traded on the New York Stock Exchange under the symbol DUK.

Market Commentary:

Benchmark crude for June delivery fell 87 cents to $57.76 a barrel. On Friday, the contract rose $1.92 to settle at $58.63 a barrel, the highest level this year, and about 80 percent above the $32.40 per barrel reached on Dec. 19.

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Wall Street News Alert is a division of Wall Street Capital Funding LLC (WSCF). WSCF also maintains a contractual, working relationship with Stock Market Alerts LLC and its' Wall Street Enews brand. WSCF is not a registered broker/dealer and may not sell, offer to sell or offer to buy any security. WSCF profiles are not a solicitation or recommendation to buy, sell or hold securities. An offer to buy or sell can be made only with accompanying disclosure documents from the company offering or selling securities and only in the states and provinces for which they are approved. The material in this release is intended to be strictly informational. The companies that are discussed in this release have not approved the statements made in this release nor approved the timing of this release. All statements and expressions are the sole opinion of WSCF and are subject to change without notice. Information in this release is derived from a variety of sources including that company's publicly disseminated information, third parties and WSCF research. The accuracy or completeness of the information is not warranted and is only as reliable as the sources from which it was obtained. WSCF disclaims any and all liability as to the completeness or accuracy of the information contained and any omissions of material fact in this release. The release may contain technical inaccuracies or typographical errors. It is strongly recommended that any purchase or sale decision be discussed with a financial adviser, or a broker-dealer, or a member of any financial regulatory bodies. Investment in the securities of the companies' discussed in this release is highly speculative and carries a high degree of risk. WSCF is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment if they make a purchase in WSCF profiled stocks.

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