Alternet Systems Inc (OTCMKTS:ALYI) Remains A Buy After 300% Spike - Insider Financial
Alternet Systems
Momentum & Growth

Alternet Systems Inc (OTCMKTS:ALYI) Remains A Buy After 300% Spike

A potential $1 million order is the latest catalysts strengthening Alternet Systems Inc (OTCMKTS:ALYI) sentiments in the market. The announcement that the company has curved out a niche in the $10 billion industrial hemp market is another development that continues to strengthen investor confidence in the stock.

Alternet Systems Price Analysis

The string of positive developments have helped shore up the stock’s activity in the market depicted by a high turnover in traded shares. A 300% spike in share price attests to renewed investor interest in the stock as people continue to take note of the company’s long-term prospects.

The stock has since skyrocketed to one-year highs as the upward momentum continues to gather pace. Price action activity indicates that the stock could continue to power high as the market reacts to improving fundamentals as well as operational efficiencies.

A rally followed by a close above the $0.04 mark should bring to an end one of the longest sell-off that had plunged the stock to all-time lows. Above the $0.04 mark, the stock would be flirting with four-year highs.

ALYI Daily Chart

In the meantime, the stock looks set to continue trading in a tight trading range as has been the case for the better part of the past four years. The stock’s share price activity has remained restricted in the $0.01 to $0.03 trading range. However, if recent developments is anything to go by then the stock could be about to power out, of the tight trading range.

About AlterNet Systems

Alternet Systems is a diversified engineering company that offers a variety of environmentally sustainable energy storage solutions for targeted markets. The company’s products are for use in consumer electric vehicles as well as for military applications.

$1 Million Sale Order

Alternet Systems is the subject of renewed investor interest on announcing a pilot test for its ReVolt Electric Motorcycles. The company has inked a $1 million fleet order with a motorcycle ride client in Nairobi Kenya.

The management remains optimistic of succeeding in the pilot test expected to lead to a 100-motorcycle order. Successful trials should lead to two additional client pilot tests expected to trigger an additional order of $500,000 orders.

Hemp-based Energy Storage Project

In addition to the electric motorcycle milestone, Alternet Systems new endeavor is the subject of attention in the energy storage space. Last year the company embarked on an ambitious hemp, energy storage project.

Under the project, the company is developing hemp-based technologies for storage as it eyes opportunities in the $10 billion hemp industry. The company has already engaged the services of David Mitlin a leading expert in electrochemistry at Clarkson University. The company’s efforts have already attracted interest from the Forbes magazine

“Hemp could prove to revolutionize battery life by aiding in the development of faster, smaller and cheaper super capacitors. A supercapacitor is an energy storage device that can discharge powerful infusions of energy, needed only in small bursts. Such powerful discharges are used in braking systems of electric vehicles, the powering on of computers and new technologies such as rapid phone charging or cordless tools.,” Forbes in a post.

Buy Rating

Recent developments also appear to have elicited interest from equity research firms. Goldman Small Cap Research has initiated coverage of the stock with a buy rating, the firm also remains optimistic of the stock surging to the $0.09 mark, buoyed by the evolution of the company from research and development firm to a revenue-generating firm.

“ALYI recently received its first order for its ReVolt Electric Motorcycle a 100-unit rider valued at $1 million to support a new inner-city shared ride initiative in Africa, We believe this deal will result in follow-on orders and new sales to other channels and geographies,” Goldman Small Cap Research in a statement.

Bottom Line

Alternet surging in the market does not come as a surprise given the market opportunity up for grabs with as its ReVolt Electric Motorcycle hit the market. The announcement of a $1 million order that could be followed by an additional $500,000 order underscores the market opportunity up for grabs going forward.

In addition, the company has also moved to pursue an opportunity in the hemp industry having unveiled a new hemp based energy storage system. Alternet stock looks set to trade at a significantly higher price given its varied approach as well evolution from an R&D firm to a revenue-generating firm.

We will be updating our subscribers as soon as we know more. For the latest updates on ALYI, sign up below!

Disclosure: We have no position in ALYI and have not been compensated for this article.

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Alternet Systems Inc (OTCMKTS:ALYI) Remains A Buy After 300% Spike
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