Wall Street News Alert's "stocks to watch" this morning are: ALL Fuels & Energy Company (OTCBB: AFSE), Flamel Technologies (NASDAQ: FLML), NutriSystem®, Inc. (NASDAQ: NTRI) and Alexion Pharmaceuticals, Inc. (NASDAQ: ALXN).
Investors looking to possibly benefit from the energy sectors should have their eyes on ALL Fuels & Energy Company (OTCBB: AFSE). Thursday after the markets closed, the company, a development-stage ethanol company organized to operate as an ethanol producer, issued a press release announcing that the Iowa Transportation Commission (ITC) has awarded the City of Manchester, IA, up to $306,000 for road improvements for AFSE's proposed 100 million gallon per year ethanol production facility.
Great news for AFSE investors, as the press release states that the ITC's grant is in addition to over $17 Million in infrastructure improvements, tax credits and tax abatements previously obtained by AFSE's Manchester Subsidiary from the City of Manchester and the Iowa Department of Economic Development! "We are pleased that the City of Manchester has received this grant for roadway improvements," said Dean Sukowatey, President, All Fuels & Energy Company. "Our momentum in Manchester remains strong. We continue to work towards finalizing a rail plan for a spur to be built directly into the proposed plant site," added Mr. Sukowatey.
The City of Manchester has agreed to provide the AFSE's Manchester Subsidiary with sewer service to the facility site, roadway improvements in and around the facility site and a 10-year property tax abatement, a total incentive package in excess of $6.6 million. In addition, the Iowa Department of Economic Development has awarded the Manchester Subsidiary a sales and use tax credit in an amount in excess of $10.4 million for High Quality Job Creation.
Wall Street News Alert is placing Aggressive Investors on alert to monitor the progress of ALL Fuels & Energy Company! AFSE recently acquired ALL Energy Company, a development-stage ethanol company organized to operate as an ethanol producer, focusing primarily on the production and sale of ethanol and its co-products. AFSE has adopted the business plan of ALL Energy Company. According to the press release, to date, AFSE has: obtained $2 million in private equity funding; purchased 150 acres on which to build its proposed ethanol production facility in Manchester, Iowa; signed a five-plant engineering and design agreement with Delta-T Corporation (Delta- T is a Virginia-based company with over twenty years of experience in the ethanol industry that management believes possesses superior expertise and superior technologies in the ethanol production space); engaged Natural Resources Group to handle water-related environmental matters relating to the proposed Manchester ethanol production facility; engaged Yaggy-Colby to handle air-related environmental matters relating to the proposed Manchester ethanol production facility; and investigated and become involved in the potential acquisition of one or more existing ethanol production facilities.
Before the news was released, the stock closed Thursday at Eight Three cents a share.
For Wall Street News Alert's in-depth profile of ALL Fuels & Energy Company, visit http://www.WallStreetNewsAlert.com/HotStocks/AFSE102507/default.aspx.
Flamel Technologies (NASDAQ: FLML) up 27.9% on 2.9 million shares traded. Flamel Technologies, S.A. is a biopharmaceutical company principally engaged in the development of two unique polymer-based delivery technologies for medical applications. Micropump® is a controlled release and taste-masking technology for the oral administration of small molecule drugs. Flamel's Medusa® technology is designed to deliver controlled-release formulations of therapeutic proteins.
NutriSystem®, Inc. (NASDAQ: NTRI) up 11% on 5.3 million shares traded. NutriSystem is a leading provider of weight management products and services. The company offers a weight loss program based on portion-controlled, lower Glycemic Index prepared meals. The program has no membership fees and provides free online and telephone counseling.
Alexion Pharmaceuticals, Inc. (NASDAQ: ALXN) up 10.2% on 3.1 million shares traded. Alexion Pharmaceuticals, Inc. is a biopharmaceutical company working to develop and deliver life-changing drug therapies for patients with serious and life-threatening medical conditions. The Company is engaged in the discovery, development and commercialization of therapeutic products aimed at treating patients with a wide array of severe disease states, including hematologic diseases, cancer, and autoimmune disorders.
"The economic data: The Commerce Department said that durable goods orders fell by 1.7% in September, which is not good as economists had predicted a 1.1% rise; not good for the GDP numbers. Also from the Commerce Department new home sales were up by 4.8% in September from 735,000 to 770,000 units, and August numbers were revised upward to 758,000 sales. But none of this information helped the markets by early afternoon trading," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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