Wall Street News Alert: 4 Stocks You Need to Know for Thursday! December 4, 2008

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.

• Press Release
• Source: Wall Street News Alert
• On 10:17 am EST, Thursday December 4, 2008

WESTON, FL--(MARKET WIRE)--Dec 4, 2008 -- Wall Street News Alert's "stocks to watch" this morning are: Welwind Energy International Corp. (OTC BB:WWEI.OB - News), First Solar, Inc. (NasdaqGS:FSLR - News), CIT Group Inc. (NYSE:CIT - News) and Regent Communications, Inc. (NasdaqGM:RGCI - News).

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Welwind Energy International Corp. (OTC BB:WWEI.OB - News) continues to have a great week of positive news, and investors should be watching this one closely! Early this morning, the company, a developer and operator of wind farm projects in China and Canada, issued a press release announcing that Ludlow Energy Ventures, Inc. upgrades its research rating on Welwind Energy International Corp. with a 'speculative' A- rating, and price target of $0.60 to $0.70 per share.

More good news! Welwind Energy's recent announcement of final approval from the local regional Mayor for their power purchase agreement (PPA) for the Zhanjiang wind farm project now positions the Company for the expansion and streamlining for future wind project PPAs in China. The details of the PPA terms are expected to be announced sometime in the next few weeks. According to the release, Ludlow Energy anticipates the first PPA could be valued around $90 million, and with around 190 million shares issued and outstanding, this would give WWEI a valuation of around $90 million, or around $0.40 to $0.50 per share.

Aside form the Zhanjiang wind farm project, investors should also take notice of their Ningxia Tianjing Helanshan and A La Shan Zuo Qi' wind farm projects, which currently hold exsisting power purchase agreements (PPA) with the Chinese government. The press release goes on to state, that these two projects are much further along and with $90 million value per 49 MW, and currently four 49 MW projects ongoing in different stages, that equates to $360 million in current wind farm projects on the burner in China alone. The Company currently holds plans for a total of 2,000 MW for their wind farm projects in China.

Aside from China, the Company is taking steps to expand their portfolio into North America as they have announced they have secured 6080 acres for their 100 MW Peace Region Project in British Columbia, Canada. The Company also announced joint venture plans with their partner Windcor Power Systems to develop another 200 MW wind farm project located in Southern Alberta. The company may also be well positioned to benefit from potential US projects through the Obama Administration's 'New Energy Plan for America,' which plans to invest $150 billion into clean and renewable energy projects in the United States.

Also according to the press release, the Company has secured financing commitments for their Chinese and Canadian wind farm projects through Global Financial & Capital Corp. and Acterra Group, which should be structured as debt or 'bond' stakes within the wind projects, and thus should not produce any undue dilution to the Company common stock.

Overall, with the projects the Company is developing in their portfolio, Ludlow Energy Ventures is upgrading its rating on Welwind Energy International Corp. from a 'speculative' B+ to A-, and maintaining its price target of $0.60-$0.70 per share.

For a link to the full investment opinion, and risks associated with this company visit -- http://www.ludlowenergy.com/reports/wwei.html.

Investors are urged to continue to monitor the progress of the company!

The stock closed yesterday at around Ten cents a share.

In case you are not familiar with the company: Welwind Energy International Corp. is committed to providing the best resource option available for renewable energy, protecting our environment, empowering communities, bolstering local economies and respecting the rights of future generations.

Welwind Energy International was founded to build, own and operate wind farms on an international scale. The company's goal is to become a leading provider of clean energy products for the residential, business and governmental consumer.

First Solar, Inc. (NasdaqGS:FSLR - News) up 17.6% on 6 million shares traded.

First Solar, Inc. manufactures solar modules with an advanced thin film semiconductor technology and provides comprehensive photovoltaic (PV) solutions that significantly reduce solar electricity costs.

CIT Group Inc. (NYSE:CIT - News) up 0.8% on 17.2 million shares traded.

CIT is a global commercial finance company that provides financial products and advisory services to more than one million customers in over 50 countries across 30 industries.

Regent Communications, Inc. (NasdaqGM:RGCI - News) up 0.02% on 1.1 million shares traded.

Regent Communications, Inc. is a radio broadcasting company focused on acquiring, developing and operating radio stations in mid-sized markets. Regent owns and operates 62 stations located in 13 markets.

Market Commentary:

"Oil prices hovered near three year lows as light, sweet crude for January delivery fell 17 cents to settle at $46.79 a barrel on the New York Mercantile Exchange. Crude dipped to $46.26, the lowest level since May 20, 2005, when it traded at $46.20," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.

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