In recent weeks Alternet Systems Inc (OTCMKTS:ALYI) has been on the radars of many investors and the trend seemed to continue last week as well, as the company’s stock recorded gains of as much as 8% over the course of the week.
The rally in the stock may have been triggered by a major announcement from Alternet on August 25. The company announced on the day that it believes that would exceed the first million in terms of revenues before the end of 2021. The revenues are going to be brought in by the ambitious electric vehicle ecosystem that Alternet has been building over the course of the past few years.
However, that is not all. Alternet System has also been working on electric motorcycle and believes that the revenues from the pilot project including these motorcycles in Kenya are also going to be added. On the other hand, the company also expects that the waiting list with regards to its electric motorcycles is also going to be turned into actual orders by the end of 2021.
Hence, it is clear to see that the company is looking to record promising growth this year and the excitement around its stock is hence, understandable.