Subscribe free!

Find out why we're the #1 free penny stock alert newsletter


Cleantech Transit Inc. (CLNO) to Enhance Power Plant Portfolio

| |

Cleantech Transit Inc. (OTC: CLNO) stock is currently trading at $0.08, up 36.75 percent from its previous close of $0.06. The stock today opened at $0.06 and reached the high of $0.085. The stock’s lowest intraday price stood at $0.056. Cleantech Transit announced that it is planning to build and operate new power plants. The company is in the process of revamping its business development plans. Cleantech Transit is also looking for new collaborations in the area of biomass technology.

Cleantech Transit is also said to be engaged in the negotiation process for acquiring large 1 MW plants. The company currently has access to several 1MW and 2MW plants via its existing collaborations. The market value of biomass generated electricity is expected to reach $53 billion by 2020. In 2010, the corresponding value stood at $45 billion. Cleantech Transit claims that newer plants will help it in obtaining steady revenue stream.

Cleantech Transit is involved in the business of building environment friendly green assets. The company is also engaged in the business of generating biomass energy. It also converts wood waste into power. Cleantech Transit was earlier known as Patterson Brooke Resources Inc. and changed its name in April 2010. The company is based out of Las Vegas in Nevada.

Posted by on Wednesday, June 6th, 2012. Filed under Internet, Technology. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

This newsletter is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. is a wholly-owned subsidiary of BlueWave Advisors.

While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a real licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.

Leave a Reply