NCX Nova Chemicals Corp

Wall Street News Alert's "stocks to watch" this morning are: Navajo Wind Energy Corp. (PINKSHEETS: CLBN), Citigroup Inc. (NYSE: C), Ford Motor Company (NYSE: F) and NOVA Chemicals (NYSE: NCX).

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Having announced it has secured a new 200 MW wind site located in Xinjiang, China, Navajo Wind Energy Corp. (formerly Caliber Energy Inc) (PINKSHEETS: CLBN) should have the attention of investors looking to possibly benefit from this clean energy industry. Yesterday after the markets closed, the company, a renewable energy company focused on creating electricity from the power of wind, issued a press release announcing that that it has signed an agreement with Australian industrial technology company, Vector Industrial Designs ("VID"), to participate in the research, development and optimization of various proprietary wind turbine technology designs.

Good news for the company as the press release states that over the next three years, Navajo has agreed to contribute further engineering expertise to VID and allow the implementation of their new turbine technologies at the Company's wind farm sites. Under the terms of the agreement, Navajo will receive the future production benefits of VID supplied turbine equipment operating within the framework of future wind farm facilities. In addition, the Company will have the option to modify or replace its wind turbine equipment to the VID design specifications at cost.

Navajo CEO Barry Doyle commented, "This synergistic alliance with Vector Industrial could be extremely beneficial to Navajo for years to come. We expect to progressively become a lower cost producer of wind generated power using the most advanced technologies, which will also facilitate our growth by broadening the scope of projects that are economically viable in the future."

The company also reported last week it has secured a new 200 MW wind site located in Xinjiang, China. According to the release, the Xinjiang Project is the second announcement of many new acquisitions that Navajo Wind Energy is currently developing as part of the previously announced "China Initiative." This site is situated on 6,200 acres and is in an area with proven, high-energy wind speeds. Previous testing indicates a mean average annual wind speed in excess of 11 meters per second or over 25 miles per hour, capable of generating net operating capacity factors in excess of 50 percent.

Barry Doyle, CEO states, "There was tremendous competition from the largest players in the investment banking and energy industries to acquire this exact piece of property. Navajo Wind's access to proprietary information dating back to the 1990s allowed the Company to seize this opportunity several weeks before our competition. We are extremely proud of this accomplishment."

Navajo Wind Energy is currently conducting environmental studies to complete the permitting process.

The stock closed yesterday at around a Penny a share.

For an in-depth profile of Navajo Wind Energy, visit http://www.wallstreetnewsalert.com/HotStocks/CLBN022309/default.aspx.

Citigroup Inc. (NYSE: C) up 9.7% on 382.8 million shares traded. Citigroup Inc. is one of the leading global financial services company's.

Ford Motor Company (NYSE: F) up 9.4% on 44.4 million shares traded. Ford Motor Company one of the global automotive industry leaders based in Dearborn, Michigan, United States, manufactures or distributes automobiles in 200 markets across six continents.

NOVA Chemicals (NYSE: NCX) up 288.8% on 34.9 million shares traded. NOVA Chemicals produces plastics and chemicals that are essential to everyday life.

Market Commentary:

Oil News: Despite reports that OPEC had cut production, oil prices fell below $39 a barrel Monday as traders shrugged off the news. Benchmark crude for April delivery fell 4 percent, or $1.68, to $38.35 a barrel on the New York Mercantile Exchange.

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