Quanta Services Inc. (PWR) recently agreed to acquire privately held Price Gregory Services Inc., a leading natural gas and oil transmission pipeline infrastructure service provider in North America, in a cash and stock transaction valued at about $350 million.

According to the deal Quanta will issue approximately 11.1 million shares of common stock worth $250 million, and will pay nearly $100 million in cash, subject to adjustment, to Price Gregory shareholders.

Price Gregory is a leading energy infrastructure services provider of its kind, specializing in the construction of large diameter transmission pipelines. Building on Quanta’s strength in electric power business, this acquisition strongly positions the company as a leader in the North American energy transmission infrastructure market and will help it to take advantage of the positive long-term outlook for the natural gas industry.

Price Gregory had revenue of more than $1.41 billion and earnings before interest, taxes,

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Green Star Alternative Energy Inc. (Pink Sheets: GSAE) receives updated Speculative Buy rating with a price target of $5.70 by Beacon Analyst, Victor Sula, Ph.D.

The full report is available at http://www.beaconequity.com

Anyone interested in receiving alerts regarding GSAE research should e-mail members@beaconequity.com with “GSAE” in the subject line.

In the report, the analyst notes GSAE’s recent filing with the SEC to become a fully reporting publicly traded entity on Nasdaq’s OTCBB.

The analyst also writes, “GSAE is evaluating various locations across Serbia as commercially viable wind farm sites and evaluating potential acquisitions to build its wind farm portfolio. …the revenue potential of GSAE’s wind energy projects is significant. The Company is pursuing opportunities to develop 300 MW of wind energy and provide clean energy to Serbia and neighboring European countries. During Q2 2009, GSAE began negotiations for a 60 MW wind energy partnership project with Vintim representing $23

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