WESTON, FL -- (Marketwire) -- 02/09/10 -- Wall Street News Alert's "stocks to watch" this morning are: Fidelis Energy Inc. (PINKSHEETS: FDEI), Chevron Corporation (NYSE: CVX), Evergreen Solar, Inc. (NASDAQ: ESLR) and GE (NYSE: GE).
Yesterday after the markets closed, Fidelis Energy Inc. (PINKSHEETS: FDEI) issued a press release announcing it received a multi-million dollar investment commitment from a private investment consortium to provide funding to the Company for its future growth and expansion.
After completing several months of due diligence and negotiations, the investors approved the Company's project selection, its innovative business strategy being executed and the effectiveness of our seasoned management's operations. The consortium gave the Company a vote of confidence with the expectation of earning a significant return on the investment. The formalization of the commitment should be finalized within the next several weeks.
The Company's management believes this commitment will allow them to meet the needs of several potential long-term Solar projects, in the 50 to 80 million dollar range, that their new business development team is currently procuring. With the expectation of future markets and conditions, management believes that the estimated gross revenue generated from these new projects could be approximately $200 to $250 million.
The stock closed yesterday at around Two cents a share.
For an in-depth profile of Fidelis Energy, visit http://wallstreetnewsalert.com/view-company-profiles.php?profile=FDEI_020810.
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Chevron Corporation (NYSE: CVX) down 1.4% on 11.5 million shares traded.
Chevron Corporation is one of the world's leading integrated energy companies, with subsidiaries that conduct business across the globe.
Evergreen Solar, Inc. (NASDAQ: ESLR) down 4.2% on 2.3 million shares traded.
Evergreen Solar, Inc. develops, manufactures and markets String Ribbon solar power products using its proprietary, low-cost silicon wafer technology.
GE (NYSE: GE) down 1.2% on 70.4 million shares traded.
General Electric Co. is a diversified global infrastructure, finance and media company that is built to meet essential world needs.
Bond prices mostly fell, pushing their yields slightly higher. The yield on the benchmark 10-year Treasury note rose to 3.59 percent from 3.57 percent late Friday.
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