GKIT Has A Record Year In Revenue Growth at a Whopping 500%. It's Time to Profit.
You don't need to search far to continue finding monster runners.
My new pick is a big one on the fundamentals and technical side. Sometimes traders like the fundamentals of a stock, but not the technical setup, or vice versa.
Well, I believe both types of traders and investors will be pleased with my new pick which looks just as promising as my last two.
Greenkraft, Inc. (OTCQB: GKIT)
As you know, my alert from Friday delivered in a major way, dropping over 990% in intraday gains.
That’s solid going of course, but how did my alert from Monday work out?
Well, like Friday’s rocket, Monday’s alert actually did pretty well. The play opened at 1.85 and rallied to a high of 1.95. That was more than good enough for up to 5% intraday gains. Not quite like Friday’s monster but it did something pretty sweet today. After opening at 1.88, it rallied to a high of 2.02 to bring a two-day return of more than 11%. The play is also trading with strong volatility so there could be EVEN more left in the tank.
What do you say to three in a row? That’s my plan with my newest trade idea, GKIT.
GKIT makes alternative fuel trucks and alternative fuel systems and just 18 days ago the company announced a whopping 500% increase in revenues. To things in perspective, GKIT reported revenues of $2.4M in 2014 so the current $12.3M haul is a significant step in the right direction.
GKIT also recently boosted its news profile with news that it is now making trucks compatible with transmissions from Allison Transmission Holdings, Inc. The new addition means that GKIT now provides full automatic transmissions for its clients. This has got to count positively against potentially increase sales so I expect eyeballs flock to the play.
GKIT is trading under 20 cents at the time of writing but it’s reached as high as 0.55 in the last 12 months. From what I can see looking at the charts, much of the blockbuster news is yet to be priced in.
GKIT is also up +49% since July 5 so I am calling ‘momentum’ on it right now. Volatility levels have also rocketed in recent sessions so my advice is: move on it ASAP.
Check out the chart…
Here’s a link to the chart: http://www.barchart.com/interactive_charts/stocks/GKIT
GKIT (Greenkraft Inc.) is a manufacturer of alternative fuel automotive products. Greenkraft Inc. was created to introduce clean, green, efficient, automotive products that run on alternative fuels. Greenkraft offers alternative commercial forward cabin trucks and alternative fuel systems for various vehicles. Greenkraft's commercial trucks are powered by alternative fuels such CNG and LPG in classes 3,4,5,6, and 7.
US Consumers Increase Demand For Cleaner Fuels In 2015
US consumers used a record of nearly 2.1B gallons of biodiesel in 2015, reducing America’s carbon emissions by at least 18.2M metric tons, according to new EPA data released as the industry kicks off its 2016 Biodiesel Conference and Expo.
Biodiesel industry leaders said the year-end figures demonstrate biodiesel’s rising popularity and its continued success as America’s first and only EPA-designated Advanced Biofuel to reach commercial-scale production nationwide.
“We’re seeing it take hold across the country. Consumers are seeking out cleaner alternatives to fossil fuels and they see biodiesel as a high-performing, cost-competitive alternative to petroleum diesel,” said Joe Jobe, CEO of the National Biodiesel Board (NBB), the industry’s US trade association. “These numbers also show without question that the Renewable Fuel Standard is delivering significant volumes of Advanced Biofuel to the American people. They prove that the RFS is absolutely working.”
“Biodiesel is still a young industry, but it is becoming a mainstream American fuel that’s having a real impact in helping us cut pollution, create jobs and diversify the fuels market.”
Made from an increasingly diverse mix of resources such as recycled cooking oil, soybean oil and animal fats, biodiesel is a renewable, clean-burning diesel replacement used in existing diesel engines. It is the first and only commercial-scale fuel produced across the US to meet the EPA’s definition as an Advanced Biofuel - meaning the EPA has determined that it reduces greenhouse gas emissions by more than 50 percent when compared with petroleum diesel.
According to the data, fuel companies reported producing 2.09B gallons of biodiesel in 2015, up from about 1.97B gallons in 2014.
Greenkraft, Inc. (OTCQB: GKIT) Now Offering an Allison Transmission for Their Alternative Fuel Trucks
GKIT recently announced that the Company is now manufacturing trucks designed to run with a package from Allison Transmission Holdings, Inc. Greenkraft trucks are used in a variety of industries and are considered to be among the best performing in the heavy-duty market. The first line of trucks with Allison are available in classes from 19,500 LBS to 26,000 LBS GVWR, as well as other versions Greenkraft has in development for up to 33,000 LBS GVWR. These new trucks are game-changers not only for the Company but for the entire alternative energy vehicle industry as a whole.
The Allison package will provide a fully automatic transmission for Greenkraft's clients. When factoring all of the life cycle costs, including the price of the vehicle, fuel and preventive maintenance -- along with increased driver retention -- an Allison Automatic-equipped vehicle costs less to operate than a competitively-equipped vehicle of lessor quality. Additionally, due to their ease of use, Allison fully automatic transmissions expand the size of the driver pool. Even experienced drivers benefit from more precise, safer handling and improved comfort. Fully automatic shifting reduces driver fatigue and keeps a driver's attention on the road.
Based on the availability of the Allison package, Greenkraft is pleased to further enhance its offering of alternative fuel truck solutions for businesses across the United States.
To learn more about GKIT please visit their website: http://greenkraftinc.com/
500% increase in revenue is HUGE so expect GKIT to mount a potentially strong rally.
Start your research right now because when 9:30AM EST rolls around you definitely don't want to be playing catch-up.