DALLAS, Feb. 21, 2019 /PRNewswire/ -- Alternet Systems, Inc. (USOTC: ALYI) today announced that Goldman Small Cap Research issued an updated research report on the Company. The report includes a 'speculative-buy' rating with a target price-per-share of $0.09. The report provides an in-depth overview and analysis of Alternet's new strategy, new orders, and upcoming milestones. To view the report, along with disclosures and disclaimers, visit https://www.GoldmanResearch.com.
Alternet Systems Goldman Small Cap Research Report Highlights
Alternet Systems, Inc. is focused on offering varied, environmentally sustainable, energy storage solutions for targeted markets, including consumer electric vehicles and military applications. The first product category is lithium battery-powered motorcycles, to be followed by motorbikes. These products are released through its newly launched ReVolt Electric Motorbikes subsidiary.
The EV battery market is expected to reach the $93 billion mark by 2026. Moreover, e-bikes, ReVolt's flagship product segment, is expected to account for as much as nearly 25% of the entire fuel cell vehicle market -- yet it is not as crowded as the traditional electric vehicle market, which serves as a major advantage for the Company. Separately, the Company is working on an innovative hemp-based storage initiative which offers considerable promise.
In the Opportunity Research update, analyst Rob Goldman discusses the Company's compelling positioning and exciting opportunities.
Goldman noted, "ALYI has been a huge winner over the past 9 months and we believe that these shares could double from current levels this spring. Buoyed by $1.5M in orders, meaningful progress on the hemp storage business and new business development on the horizon, ALYI has evolved into an emerging environmentally sustainable, energy storage solutions provider capable of growth in multiple markets. Thus, we reiterate our $0.09 price target."
ALYI Is No One Trick Pony
"Not that a $1.5M initial order for its electric motorcycle isn't a great start for any early-stage firm; still, its progress on the hemp energy storage illustrates its unique capabilities and growth opportunities in two, large, fast-growing markets. Progress on either front serve as a major driver for these shares."
Management Setting Stage for New Pivot
"ALYI has demonstrated a knack for shrewd business development moves in its target markets. We anticipate next-stage initiatives to include new revenue streams, technology license opportunities, and/or partnerships to foster product development and deployment."
Hemp Initiative is Step Ahead of Industry
"In our view, the notion of hemp energy storage is an application well ahead of pure play energy storage and hemp providers alike. As a result, the value of this application has not yet been fully reflected in the stock. With a series of news on the R&D front in the offing, ALYI is primed to reach new highs later this year," concluded Goldman.
About Goldman Small Cap Research: Founded in 2009 by former Piper Jaffray analyst and mutual fund manager Rob Goldman, Goldman Small Cap Research produces sponsored and non-sponsored small cap and microcap stock research reports, articles, stock market blogs, and popular investment newsletters.
Goldman Small Cap Research is not in any way affiliated with Goldman Sachs & Co.
This press release contains excerpts of our most recently published sponsored company research report on Alternet Systems, Inc. which carries a rating and a price target. The information used and statements of fact made have been obtained from sources considered reliable but we neither guarantee nor represent the completeness or accuracy. Goldman Small Cap Research relied solely upon information derived from Alternet Systems, Inc. ("the Company") authorized press releases or legal disclosures made in its filings with the U.S. Securities and Exchange Commission https://www.sec.gov.
Separate from the factual content of our report about the Company, we may from time to time include our own opinions about the Company, its business, markets and opportunities. Any opinions we may offer about the Company are solely our own, and are made in reliance upon our rights under the First Amendment to the U.S. Constitution, and are provided solely for the general opinionated discussion of our readers. Our opinions should not be considered to be complete, precise, accurate, or current investment advice. Statements herein may contain forward-looking statements and are subject to significant risks and uncertainties affecting results.
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About Alternet Systems, Inc.: Alternet Systems, Inc. (OTC - ALYI) is focused on offering varied, environmentally sustainable, energy storage solutions for targeted markets, including consumer electric vehicles and military applications. The first product category is lithium battery-powered motorcycles, to be followed by motorbikes. These products are released through its newly launched ReVolt Electric Motorbikes subsidiary.
For more information, please visit: www.alternetsystemsinc.com
Goldman Small Cap Research
Rob Goldman, Analyst
Alternet Systems, Inc. Contact:
SOURCE Alternet Systems, Inc.