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Altair Technologies (ALTI) Makes Strong Turn Upwards

How Far Will ALTI Rebound?

2010-05-05 11:56:49

 

ALTI1

Some of the best penny stock investments can be made in companies that are not accustomed to being penny stocks. Since larger companies are well versed in forms and fillings and have proven professionalism, if they should fall into the penny stock range they will keep many of their good habits, and make for far more transparent penny stocks.ALTI3 An example of such comes from the clean energy company Altair Technologies (ALTI) who is in the midst of what looks like a strong upturn.

 

Altair has hit what seems to be the bottom of a bearish trend recently, coming up around 20% so far from last week. This new trend was initiated by several sources, the most important of which has been the announcement of a large new contract. ALTI has had success with one of their previous customers last August, and has received a similar order to immediately fill end customer requirements concerning electric and hybrid electric busses. The total of these two orders tops $1.6 million.

 

Tomorrow, May 6, Altair will be holding a conference call for their first quarter results. Expectations are high and if it proves to be good news expect the stock to shoot up even further.ALTI2 Another notable event this month for Altair will be on May 11th, concerning MDB Capital Group 1st Annual Bright Lights Conference, which showcases 50 of the most innovative publicly traded companies, ALTI included, in technological leadership. ALTI's CEO, Terry Copeland, PhD, will be present and a webcast of the presentation, including audio and presentation slides will be accessible HERE the day of the presentation, and be archived for future retrieval.

 

This event was populated by the top companies out of over 1,600 small caps, ranked based on different scores, strengths and breath of patents held. This is a boon for ALTI, with obvious recognition and a chance to show off their highly acclaimed technology they may be seeing more contracts in the near future. Be sure to stay up to date on the conference call and next week's showcase of ALTI, it may bode very well for investors.

 

For more information about ALTI, Skymark Research has initiated coverage of Altair. They are offering free subscriptions so anyone may view their reports.

 

For more on ALTI and their methods, here is a video by them highlighting some of their technology.

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