45.1 F
New York
Saturday, January 16, 2021

Alpine 4 Technologies Ltd (OTCMKTS:ALPP) Hits New High as Market Share Grows

Must read

CytoDyn Inc (OTCMKTS:CYDY) Hits 4-Month High As Covid-19 Fear Grows

The coronavirus pandemic unleashed chaos all over the world and also in the markets, however, some biotech companies working on treatments for...

Grayscale Ethereum Trust (ETH) (OTCMKTS:ETHE) Jumps On Crypto Hype: Is it Sustainable?

The massive rally in the cryptocurrency space has been one of the biggest stories of the year in investment circles.

Tesoro Enterprises, Inc. (OTCMKTS:TSNP) Turns Volatile in Mid-December

Over the course of the past month, many companies have seen their stocks make substantial gains but the gains made by the...

HIVE Blockchain Technologies Ltd (OTCMKTS:HVBTF) Hits New Highs On Crypto Buzz

The current rally in the cryptocurrency space has come as a major boost for companies that are involved in the Blockchain industry...

Monday was not a particularly great time in the markets owing to renewed fears about COVID 19, but there were some stocks that did manage to record eye catching gains. One such stock was that of Alpine 4 Technologies Ltd (OTCMKTS:ALPP).

Big Development

On Monday, the stock rallied strongly after the company’s representative discussed the opportunity that has been presented owing to the DJI affair.

Alpine 4 Technologies Ltd (OTCMKTS:ALPP) stock rallied by as much as 48% on Monday and it is likely going to be on the radars of investors today. In such a situation, investors could do well to take a closer look at the company.

DJI, the Chinese drone manufacturing company, was recently added to the ‘entity list’ by the Department of Commerce. It implies that it is now on the list of Chinese companies that cannot procure advanced American tech.

It is a massive opportunity for American drone manufacturers like Alpine 4 since DJI used to command a market share in the 70% to 80% range.

The Chief Executive Officer of Alpine 4 Kent B Wilson spoke about the opportunity on Monday. He said that although DJI’s products were known for both poor airframes and flight times, it dominated the commercial drone market.

He added that DJI was expected to dominate the space for many years to come. However, the decision from the Department of Commerce has come as a major boost for American commercial drone manufacturers. However, more importantly, Wilson stated that the decision is going to help in opening up a global market opportunity that is going to be worth billions of dollars.

The commercial drone space is expected to grow substantially in the years to come and this particular decision has made it possible for companies like Alpine 4 to compete for more market share. The rally in the Alpine 4 stock did not come as a total surprise and it remains to be seen if it can add to its gains.

Disclosure: We hold no position in ALPP stock.

Latest article

Ozop Energy Solutions Inc (OTCMKTS:OZSC) Remains Volatile: Stock in Focus

Those who are looking to discover stocks that may have made big moves over the course of the past week could consider...

Data Storage Corp (OTCMKTS:DTST) Gets Sudden Attention: What’s The Buzz?

One of the stocks to have made significant gains this week was that of Data Storage Corp (OTCMKTS:DTST). The Data Storage Corporation...

A Closer Looks at American Battery Metals Corp (OTCMKTS:ABML) Developments

American Battery Metals Corp (OTCMKTS:ABML) is one of the stocks to have been in focus among investors over the course of the...

Why is Grayscale Ethereum Trust (ETH) (OTCMKTS:ETHE) In a Bearish Trend?

The Bitcoin rally over the past weeks has taken the crypto space by storm. However, it should not be forgotten that Ethereum,...

Curaleaf Holdings (OTCQX:CURLF) Continues to Hit New Highs: Next Move?

The cannabis sector has had its ups and downs over the last year, but there are certain stocks that are almost always...