Midday Market Mover Update from SmallCapVoice.com

At midday, the Dow Jones industrials rose 54.04, or 0.6 percent, to 8,551.22. The S&P 500 index rose 5.62, or 0.6 percent, to 916.33, while the Nasdaq composite index slipped 4.55, or 0.3 percent, to 1,802.42.

Today’s midday market movers include a pair of alternative energy stocks in the solar and wind energy sectors, GWS Technologies, Inc. (OTC BB: GWSC) and Green Star Alternative Energy Inc. (Pink Sheets: GSAE)

Yesterday, GWS Technologies announced plans for a new solar farm in the Phoenix area. Today, GWSc announced that it has partnered with Dominion Real Estate Partners, Inc. (DREP) to provide solutions and technology integration on alternative energy projects in Texas and Arizona.

Green Star Alternative Energy's recent notable developments in the wind farm market spurred Beacon Equity to update their rating.

The market reacted strongly to both press release driving both issues significantly higher on strong volume: http://smallcapvoice.com/clientnews/2009/6-09/6-18-09-gwsc-gsae.html

Green Star Alternative Energy Inc. (Pink Sheets: GSAE) is up over 40% on trading volume that exceeds 10X normal

Green Star Alternative Energy Inc. received a Speculative Buy rating with a price target of $5.70 by Beacon Analyst, Victor Sula, Ph.D.

In the report, the analyst notes GSAE’s recent filing with the SEC to become a fully reporting publicly traded entity on Nasdaq’s OTCBB.

The analyst also writes, “GSAE is evaluating various locations across Serbia as commercially viable wind farm sites and evaluating potential acquisitions to build its wind farm portfolio. …the revenue potential of GSAE’s wind energy projects is significant. The Company is pursuing opportunities to develop 300 MW of wind energy and provide clean energy to Serbia and neighboring European countries. During Q2 2009, GSAE began negotiations for a 60 MW wind energy partnership project with Vintim representing $23 million in potential gross revenues annually.”

GWS Technologies, Inc. (OTC BB: GWSC) is up over 30% on trading volume 8X above normal

GWS Technologies, Inc., an alternative energy company developing renewable energy solutions, announced today that it has partnered with Dominion Real Estate Partners, Inc. (DREP) to provide solutions and technology integration on alternative energy projects in Texas and Arizona.

GWS will also supply solar panels and equipment to retrofit commercial buildings operated by DREP and assist the company in applying for certification under the Commercial/Industrial Solar Energy Tax Credit Program. The primary goal of this program is to stimulate the production and use of solar energy in commercial and industrial applications by subsidizing the initial cost of solar energy devices. Tax credits can be used to offset Arizona income tax liability; any unused credit amounts can be carried forward for a five-year period.

“These incentives are continuing to drive the demand for our business,” said Richard Reincke, President of GWS Technologies, Inc. “They are making solar installations economical, and giving businesses a chance to go green with a minimal capital investment.”

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