Someone once said “Ask Switzerland” when asked the question “Where is the stock market headed?” Interesting since Swiss based New Energy Scout GmbH has agreed to the future construction with one of the pink sheets listed penny stocks on our radar, WBRE.PK. The Wild Brush Energy (OTC PINK: WBRE), up 60% to $0.08 yesterday, signed agreement confirms New Energy Scout’s commitment in wind farm development.
Investments into renewable energy programs has grown from $160 billion in 2009 to over $211 billion in 2010. President Obama even included more than $70 billion for clean energy and clean energy programs in 2009, much of which has been invested into wind and solar technologies.
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WBRE traded 302,765 shares in the last trading session, 2X the 5-Day Average Volume and 14X the 3-Month Average Volume. The penny stock has gained 128.57 during the last 5 trading sessions.
WBRE has a Market Capitalization of $1.40 Million with 17.5 Million Shares Outstanding. The 52-Week High on the penny stock was on Oct 27, 2011: $0.12.
The Wind Project for WBRE would optimally be around 120Mw in size which would provide enough clean, green energy to supply over 40,000 homes with electricity. While doing so, it would also be able to offset nearly 260,000 tons of greenhouse gases.
About New Energy Scout GmbH
New Energy Scout GmbH, a engineering and consulting services company that aims to propose a wide range of services in wind energy, solar energy and bio-gas areas. New Energy Scout believes it can deliver Wild Brush Energy crucial skills such as site scouting, project planning, wind analysis, financial structuring, and construction of a large-scale wind project.
About Wild Brush Energy
Wild Brush Energy, Inc. is a diversified energy company focused on identifying and developing clean air energy producing alternatives. WBRE has been exploring green energy producing opportunities such as large scale Commercial Wind Farms, and Solar Energy Paneling prospects, both within North America and abroad.
Bottom Line: WBRE has had some nice percentage gains in the past few days. However, the volume just simply is not there to warrant an investment into the penny stock other than a long-term commitment to both the idea behind WBRE and the possibility of this penny stock becoming the 21st century GE.
Oh yeah, the answer to where the stock market is headed apparently is in Switzerland. Two guys know the answer, they live across the street from each other and they have opinions opposite of each other.