Mega Stock Picks, which publishes a free newsletter at www.megastockpicks.com, announced today that it has initiated coverage of Mission NewEnergy Limited (NasdaqGM: MNEL).

The stock market research site reports that MNEL could be one of this year’s big gainers.  Shares of MNEL closed Wednesday at .94.  That closing price is just pennies from its 52-week low while the year high for MNEL is 8.15.

Analysts at Mega Stock Picks report that shares of Mission New Energy Limited (MNEL) are expected to double in the coming weeks.  The short-term target price for MNEL is $3 and the long-term target price is $8.

Mission NewEnergy Limited (MNEL) is a renewable energy company which owns and operates biodiesel refinery plants. The company also engages in the cultivation and supply of Jatropha Curcas, an inedible biofuel feedstock.

The company owns and operates two wind energy turbines. It has operations in Asia, Australia, Europe, and North America. Headquartered in Osborne Park, Australia, Mr. Nathan Mahalingam serves as the Chief Executive Officer.

For further information on Mission NewEnergy Limited (MNEL), visit the company’s web site at www.missionnewenergy.com.

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About: Mega Stock Picks publishes a free e-newsletter which includes stock profiles and advertisements. The company covers all sectors of the market from penny stocks to the NYSE.

Disclaimer: Mega Stock Picks is not a registered investment advisor. Investors are responsible for doing their own research and obtaining professional investment advice.  Investors should read the full disclaimer at megastockpicks.com.

They include Mission NewEnergy Limited (NasdaqGM: MNEL).  Shares of MNEL closed Wednesday at .94 cents, not far off its 52-week low.  The 52-week high, however, is $8.15.

Mega Stock Picks, which publishes a free newsletter at www.megastockpicks.com, reports that MNEL has a short-term target price of $3 per share and a long-term target price of $8 per share.

Mission NewEnergy Limited (MNEL), a biodiesel company, is not the only company on the Mega Stock Picks watch list.

BioSante Pharmaceuticals, Inc. (NasdaqGM: BPAX) closed Wednesday at .84, down .02.  Volume is picking up and the 52-week range is .38 to 4.02.

The AES Corporation (NYSE: AES) is another stock to watch, reports Mega Stock Picks.  The company recently received a rating upgrade.  The stock closed Wednesday at $12.94.

Shares of Sirius XM Radio Inc. (NasdaqGS: SIRI) continues to hold strong above two dollars.  On Wednesday, shares of SIRI closed at $2.19, up .075 on heavy volume.

Dunkin’ Donuts (NasdaqGS: DNKN) is also holding steady.  The stock closed Wednesday at $29.01.  Volume is currently lower but that could change as the company continues expanding.

To receive the Mega Stock Picks newsletter by email, sign up at http://www.megastockpicks.com.

About: Mega Stock Picks publishes a free e-newsletter which includes stock profiles and advertisements. The company covers all sectors of the market from penny stocks to the NYSE.

Disclaimer: Mega Stock Picks is not a registered investment advisor. Investors are responsible for doing their own research and obtaining professional investment advice. Investors should read the full disclaimer at megastockpicks.com.

According to the stock research site and newsletter, one stock building momentum is ARCA biopharma, Inc. (Nasdaq: ABIO.).

Shares of ABIO closed Wednesday at 1.71, up .52 or 44 percent. The price jump followed positive news results from one of its trial medications targeting heart failure.

ARCA biopharma, Inc., a biopharmaceutical company, engages in the development of genetically-targeted therapies for cardiovascular diseases.

Another stock gaining momentum as reported by Mega Stock Picks includes BioFuel Energy Corp. (Nasdaq: BIOF).

Shares of BioF closed at .88, up .03 on volume of 26.5 million.

Positron Corporation (OTC: POSC) is also gaining momentum according to Mega Stock Picks. Shares of POSC closed at .014.

Positron Corporation operates as a molecular imaging company providing nuclear medicine technologies and services that are used in the field of nuclear cardiology.

Xfone, Inc. (AMEX: XFN) shares closed at .50, up .16 or 47 percent on Wednesday.