Alternet Systems Inc (OTCMKTS: ALYI) Surging After Minor Correction
April 09 2019 - 8:30AM
InvestorsHub NewsWire
Alternet Systems Inc (OTCMKTS:
ALYI) Surging After Minor Correction
April 9, 2019 -- InvestorsHub NewsWire -- By Jim Bloom -- A
$20 million order for the supply of electric motorcycles is one of
the reasons why Alternet Systems
Inc (OTCMKTS:
ALYI) is surging. The company’s ReVolt Electric
Motorcycles continues to elicit strong demand, a development that
has helped strengthened investors sentiments in the stock.
ALYI CATALYSTS AND SHARE PRICE ANALYSIS
Shares of Alternet Internet Systems have taken off after a long
period of consolidation at all-time lows. After a significant
correction from 52-week highs of $0.695, the stock has once again
started surging in continuation of the emerging uptrend.
The $0.02 mark has emerged as a strong support level from where
the stock is trying to make a comeback as it continues to edge
higher. A breach of the $0.04 resistance level has opened the door
for the stock to power through, back to 52-week highs.
Above the $0.04 technical level, Alternet Internet Systems is a
buy’ and should continue to climb the ladder. Conversely, a
violation of the crucial support level could open the door for
short sellers to come back, and push the stock to the $0.02
Handle.
However, as it stands, the stock remains well positioned to
continue powering high as the upward momentum continues to gather
pace.
ABOUT ALTERNET INTERNET SYSTEMS
Alternet Internet Systems is a company focused on the
development of environmentally sustainable and energy storage
solutions. The company is currently involved in the development of
electric vehicles and motorcycles. It has also expanded its
footprint into the hemp industry, as it continues to work on energy
storage solutions for the sector.
ELECTRIC MOTORCYCLE OPPORTUNITY
Shares of Alternet Internet Systems are exploding on investors
reacting to the tremendous opportunity at stake as the company
embarks on an aggressive commercialization drive of its electric
motorcycles. Africa is one of the markets that the company has set
sights on given the vast demand for motorcycles.
The company announced that it has received a prospective order
for 2,000 ReVolt Electric Motorcycles has the market talking. The
order is poised to generate as much as $20 million in sales for the
company.
With the company having secured $1.5 million worth of firm
orders, 2019 is slowly turning out to be a breakthrough year when
it comes to revenue generation. Buoyed by the strong demand,
the company intends to set up a manufacturing facility in Kenya
that will produce ReVolt Electric Motorcycles to target the market
better.
“ALYI’s initial sales success for its electric motorcycles
has been with metropolitan shared ride providers. Extending upon
that success, ALYI plans to partner with shared dwelling
organizations around the world in the design of its electric
bicycle with the idea of providing fleet electric bicycle’s for
shared use,” Alternate Systems in a statement.
M&A STRATEGY
In addition to setting camp in Africa, Alternet Systems is also
eyeing acquisitions as part of its growth strategy. The Company is
currently pursuing the acquisition of a shuttered car plant
facility that it plans to use to strengthen its manufacturing
operations.
The company’s merger and acquisition strategy seek to enhance
energy storage reach as well as electric vehicle production
capacity.
In addition to pursuing opportunities in the $24 billion
electric vehicle marketplace, Alternet Systems has also set sights
on the hemp industry. The energy solution firm has secure a
license in New York where it plans to carry out research works on
its hemp energy storage solutions.
The company has already brought Clarkson University professor
David Mitlin onboard to spearhead research efforts of its new
energy storage solution. Alternet Systems intends to use the
new solution to target a market poised to double six times to $103
billion over the next ten years.
BOTTOM LINE
Alternet Systems is firing on all angles if recent developments
and milestone are anything to go by. The company expanding its
Electric Vehicle into Africa attest to the growing demand for its
ReVolt Electric Motorcycles.
The company working on energy solutions for targeting
opportunities in the multi-billion-dollar hemp industry is another
development that underscores growth prospects.
Goldman Small Cap Research initiating coverage of the stock with
a speculative buy rating and a share price target of $0.09, points
to a bright future.
As it stands, Alternet Systems remains well positioned to
continue surging in the market as a bounce-back play and on
improved fundamentals.
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.
RELATED ITEMS:ALTERNET SYSTEMS INC., ALTERNET SYSTEMS INC. (OTCMKTS:ALYI), OTCMKTS:ALYI
Original Source: https://insiderfinancial.com/alternet-systems-inc-otcmktsalyi-surging-minor-correction
SOURCE: Jim Bloom
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