Alternative Energy Market Gaining Share

Alternative Energy Market Gaining Share

NEW YORK, NY, Sep. 20, 2004 MARKET WIRE

AXcess News (www.axcessnews.com) released a story covering a string of events last week that fueled new interest in alternative energy stocks. Last week saw the creation of an alternative energy stock index, the government supporting the export of nuclear technology to India and the Middle East Policy Council examining the current state of the oil market with uncertainty.

As crude oil prices continue to show no signs of relief in an already nervous energy investment sector, the Middle East Policy Council released a statement Friday saying that future oil market costs were unpredictable.

James Placke of Cambridge Energy Resources was quoted in an AXcess News story Friday as saying, "Saudi Arabia wants the oil price to remain low enough so that consuming nations do not seek alternatives to oil as their principal source of energy."

Friday also ushered in news on WorldWater & Power's (OTC BB: WWAT) 2004 revenue forecast. WWAT forecast revenue in excess of $6 million for the year, a 400% increase over 2003 figures.

Quentin T. Kelly, WorldWater Chairman and CEO said in a statement, "It should be clear to the investment community that WorldWater & Power is a company experiencing extraordinary growth with year-over-year revenue numbers in the triple digits."

Kelly lauded over those figures crediting management for being "highly proactive in aggressively laying the groundwork" for revenue growth in 2005.

WorldWater & Power (OTC BB: WWAT) closed Friday at $.245, up .017 cents or 7.46% on volume of 261,989 shares.

Not all the alternative energy stocks proved to end the week up as strong. Fuelcell Energy closed down 15 cents at $10.62, Plug Power, Inc. closed down 23 cents at $5.96, Ultralife Battery closed down 67 cents at $15.28 and Evergreen Solar, a competitor of WorldWater, closed down .049 cents at $2.73.

More news on the investment horizon for the alternative energy sector can be found at AXcess News: http://www.axcessnews.com . This is an excerpt from the complete story.

About AXcess News:

Dubbed the "Yahoo! of small cap business news" by Gordon Borrell, one of America's leading media and research gurus, AXcess News is fast becoming a known commodity for both the serious investor and people in general looking for informed articles and insightful columns. http://www.axcessnews.com

Media Contact: Eric Stevenson Of AXcess News +1-775-972-7128 eric@axcessnews.com

SOURCE: AXcess News

News Provided By