Successful China Test Supports Synthesis Energy Systems, Inc. (NASDAQ:SYMX) Shares

Synthesis Energy Systems, Inc. (NASDAQ:SYMX)

Shares of Synthesis Energy Systems, Inc. (NASDAQ:SYMX) gained over 40% and closed trading at $0.51 per share. The gains come one day after the company released news that the largest capacity industrial synthetic gas facility for the Aluminum Corporation of China Limited (CHALCO) (NYSE:ACH) has successfully completed performance testing – the facility operates four SGT systems. This concludes successful performance testing at all seven SGT systems installed for CHALCO.

$SYMX
1 monthj Daily Candlebar graph for SYMX

DeLome Fair, President and CEO of Synthesis Energy Systems, Inc. (NASDAQ:SYMX), stated “This latest milestone achievement at the largest capacity SGT project to date comes as we are in negotiations for similar and larger clean energy projects around the world. Our proprietary technology’s clean synthesis gas replaces expensive natural gas for numerous energy and chemical uses, including industrial fuel.”

Synthesis Energy Systems, Inc. (NASDAQ:SYMX) technology utilizes unpopular fuel sources including low-rank, low-cost high ash, high moisture coals, which are significantly cheaper than higher grade coals, waste coals, biomass, and municipal solid waste feedstocks. Houston, TX-based Synthesis Energy Systems, Inc. (NASDAQ:SYMX) devotes itself to generating clean, high-value energy from low-cost and low-grade coal, biomass and municipal solid waste through its proprietary technology that transforms these resources into a clean synthesis gas (syngas) and methane. Synthesis Energy Systems, Inc. (NASDAQ:SYMX)’s proprietary technology enables the production of clean, low-cost power, industrial fuel gas, chemicals, fertilizers, transportation fuels, and substitute natural gas, replacing expensive natural gas-based energy. Synthesis Energy Systems, Inc. (NASDAQ:SYMX)’s technology can also produce high-purity hydrogen for cleaner transportation fuels.

Shareholders of Synthesis Energy Systems, Inc. (NASDAQ:SYMX) have not seen rewards for some time. YTD the shares are down 64% and down over 66% for the year. Just this week the company’s shares established a new 52-week low of $0.34 and the analyst’s have a one-year price target of $1.75 which is considerable higher than the stock’s 52-week high of $1.45. Losses have plagued stockholders for the past five years. In 2012, SYMX shareholders had a per share loss of (-$0.39). The following years have seen similar losses and in 2016 the company posted a loss of (-$0.27). Sales have been on a downtrend as well. In 2014 the company posted sales of $17.5 million but for 2016 that figure was only $6 million.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

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About the author: Marc has a degree in economics and a MSc. in Finance. Over his 20-year career, Marc has worked for global investment firms in Europe and the United States as an analyst, fund manager, and consultant.

Gevo, Inc. (NASDAQ:GEVO) Announces New Product

Gevo, Inc. (NASDAQ:GEVO)

Gevo, Inc. (NASDAQ:GEVO) shares were off slightly (-3.4%) after the company jointly announced that Gevo’s proprietary isobutanol technology will now be available for licensing to processors of sugar cane juice and molasses. This announcement came after Praj Industries Ltd’s development work, adapting Gevo, Inc. (NASDAQ:GEVO)’s technology to sugar cane and molasses feedstocks.

Gevo, Inc. (NASDAQ:GEVO)
Two month Daily Candle Graph $GEVO

In the first phase of development, Praj Industries worked with Gevo’s technology using sugar cane and molasses feedstocks, undertaking test-runs to create a commercialized process to juice cane and molasses-based ethanol plants, as licensees of Gevo’s isobutanol technology. Licensing is expected to be focused on Praj plants located in India, South America and South-East Asia, with initial capacity targeted to come on-line between 2019 and 2020.

Pramod Chaudhari, Executive Chairman, Praj, stated, “We are excited to offer this technology to our global customers who stand to benefit from an additional revenue stream from isobutanol. Praj has worked on 750 projects for ethanol plants across 75 countries. This isobutanol platform can be offered as ‘bolt-on’ to an existing ethanol plant or as a greenfield plant. This isobutanol technology is the latest addition to Praj’s diverse product portfolio and reinforces our organization’s leadership in the bioenergy space.”

Isobutanol has several direct applications as a gasoline blendstock or as a specialty chemical solvent, or it can be used as Gevo’s alcohol-to-jet fuel (ATJ) and isooctane. In comparison to other renewable jet fuels, Gevo’s ATJ has the potential to offer the optimal solution in terms of operating cost, capital cost, feedstock availability and scalability.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $GEVO and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

Acquisition for GOLDMINING INC COM NPV (OTCMKTS:GLDLF) 

Acquisition for GOLDMINING INC COM NPV (OTCMKTS:GLDLF)

Shares of GOLDMINING INC COM NPV (OTCMKTS:GLDLF) were up by 3.95% in Monday’s trading session to end the day at $1.40 a share. The rally comes days after the company announced plans to grant stock options to certain directors, officers employees, and consultants. The mineral exploration company is also fresh from completing the acquisition of Yellowknife Gold Project and Big Sky Property in Canada.

Yellowknife Gold Project Acquisition

GOLDMINING INC COM NPV (OTCMKTS:GLDLF) is a mineral exploration company focused on the acquisition and development of mining projects. Some of the company’s leading projects include Titiribi and La Mina Gold-Copper Projects located in Antioquia Colombia.

The Yellowknife Gold Project that the company has acquired has been the subject of substantial drilling, underground development and historic gold production. YGP covers over 30km of the Yellowknife Greenstone Belt believed to have produced over 15 million ounces of gold in the past. The property comprises of 19 million leases and 5 mineral claims.

Big Sky Project, on the other hand, represents an early stage exploration property that could strengthen the company’s asset portfolio. GOLDMINING INC COM NPV (OTCMKTS:GLDLF) transaction for Yellowknife Gold Project consisted of 4,000,000 shares of the company subject to customary escrow provisions

“At GoldMining, our overriding focus continues to be the consolidation of multi-million-ounce gold resource assets in favorable mining jurisdictions to maximize gold leverage for our shareholders. We believe that this transaction most certainly fits that description,” said Amir Adnani, GOLDMINING INC COM NPV (OTCMKTS:GLDLF) Chairman.

Yellowknife Gold project comprises of 141 holes of diamond drilling. However, no new drilling or sampling has been completed on the project. GOLDMINING INC COM NPV (OTCMKTS:GLDLF) has commissioned an independent updated resource estimate of the project as it continues to review the extensive geological database. The company also plans to engage an independent consultant to examine the cut-off grade with reference to current metal prices.

Stock Options

Separately, GOLDMINING INC COM NPV (OTCMKTS:GLDLF) board has approved the granting of stock options under the company’s stock option plan. The company is to issue 1,800,000 Options to directors and officers at an exercise price of $1.69 a share. The Options are to vest 25% immediately, 25% on the 6 month anniversary of the grant date, 25% on the 12th months and 25% on the 18th month.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $GLDLF and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

Downgrade Hits Smart Sand Inc (NASDAQ:SND)

Smart Sand Inc (NASDAQ:SND)

Smart Sand Inc (NASDAQ:SND) shares dipped after a Credit Suisse analyst downgraded the shares from an “Outperform” to a “Neutral”. Shares closed on Wednesday at $7.87 and then gapped down to open at $7.06 before hitting the daily low of $6.56. Volumes for shares of the basic materials company were heavy – about three times their daily average.

Smart Sand Inc (NASDAQ:SND) is a producer of Northern White raw frac sand which is used to enhance hydrocarbon recovery rates in the hydraulic fracturing of oil and natural gas wells. Smart Sand Inc (NASDAQ:SND) sells to oil and natural gas exploration and production companies and oilfield service companies. Contracts are usually a combination of long-term take-or-pay contracts and open-market spot sales. Smart Sand owns and operates a raw frac sand mine and related processing facility near Oakdale, Wisconsin. Smart Sand Inc (NASDAQ:SND) also operates a second property in Jackson County, Wisconsin, known as Hixton site.

Before today, most analysts had a price target on SND in the mid-teens. The latest price target from Credit Suisse gives the shares a price target of $8.50. At the end of February, Smart Sand Inc (NASDAQ:SND) traded near $22 but since then the stock has been on a steady slide. Performance reflects the situation as YTD SND shares have lost over 50%. Based on today’s closing, the shares hit a new 52-week low today of $6.82.

Smart Sand Inc (NASDAQ:SND) had sales of $47.7 million in 2015 and that figure increased to $59.2 million for 2016. A similar experience was had by shareholders as the 2015 EPS was $0.34 and that expanded to $0.43 for 2016.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $SND and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

Why Shares of Gevo, Inc. (NASDAQ:GEVO) Rallied

Gevo, Inc. (NASDAQ:GEVO)

Gevo, Inc. (NASDAQ:GEVO) shares rallied by 17.8% after the Chief Executive Officer, Pat Gruber, reaffirmed the company’s growth prospects amidst a changing government landscape and policy initiatives. The executive has also quashed concerns that recent events at the Department of Energy could have a catastrophic impact on the company and the broader BioEconomy.

Gevo, Inc. (NASDAQ:GEVO)
Daily Candle Bar Graph for $GEVO

Luverne Plant Capacity

According to the executive, improving the production capacity of the Luverne plant is a core objective, as focus shifts to targeting the jet fuel, isooctane/renewable gasoline, and isobutanol markets. The CEO expects the efforts to help the company generate a good amount of profit even as the overall industry continues to face uncertainty.

The company is fresh from signing a binding agreement with a 140-year-old Germany company as part of an effort that seeks to strengthen operations on specialty chemicals and fuel products. Gevo, Inc. (NASDAQ:GEVO) is also working on a number of deals to meet the 50% production capacity at the Luverne Plant.

Gevo, Inc. (NASDAQ:GEVO) is a renewable chemical and biofuels company. The company’s core operations revolve around the development and commercialization of alternates to petroleum-based products as a source of energy. The company is currently engaged in the research and development of isobutanol among other biocatalysts.

Gevo, Inc. (NASDAQ:GEVO) is also capable of converting cellulosic sugars into isobutanol, jet fuel, and isooctane

Budget Cuts Impact

The DOE could see its $5 billion budget trimmed by 20% amidst reports the Trump administration is considering a string of budget cuts. The direct impact of the move on Gevo, according to the CEO, is minimal.

“To be very clear the direct impact to Gevo is minimal in those kinds of budget cuts. The potential impact could be more direct on the cellulosic programs which have more exposure to DOE programs,” said Mr. Gruber

Gevo, Inc. (NASDAQ:GEVO) is currently exploring various federal programs with a view of getting loans and grants for financing its operations. Minnesota is one of the states that the company is eyeing for subsidies given that the state has similar programs for chemical products.

In a bid to strengthen its balance sheet, Gevo, Inc. (NASDAQ:GEVO) has restructured its debt structure by exchanging most of its unsecured 2022 converts.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $GEVO and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

Ocean Rig UDW Inc. (NASDAQ:ORIG) Staring At $85 Million Backlog

Ocean Rig UDW Inc. (NASDAQ:ORIG)

Ocean Rig UDW Inc. (NASDAQ:ORIG) shares rallied by 8.26% in Monday’s trading session after Lundin Norway invoked a third option for the extension of an existing contract with Leiv Eriksson. The company has since granted Lundin two additional options for drilling new wells in the future. The stock traded higher as investors reacted to reports the new contracts could lead to revenues of up to $85 million.

Lundin Contract Extension

The Lundin contract extension paves way for the rig to be in operation until September pending further extensions. Lundin exercising its seven one-well options could see the rig deployed until the first quarter of 2019. Ocean Rig UDW stands to generate up to $85 million if all optional wells are exercised.

“We are grateful for the support of our major customer in Norway and subject to the successful restructuring look forward to extending this relationship in the long-term,” said, George Economou, Ocean Rig UDW Inc. (NASDAQ:ORIG) CEO.

Ocean Rig UDW Inc. (NASDAQ:ORIG) is an international contractor in the offshore deep-water drilling business. The company provides oilfield services for offshore oil and gas explorations as well as development and production drilling services. Early this year, the company filed for bankruptcy protection under Chapter 15 as part of an effort that seeks to erase up to $3.7 billion in debt.

Bankruptcy Proceedings

Bankruptcy protection came on the heels of the company being hit by cancellations from major oil producing customers. Falling oil prices has made it impossible for companies to pursue deep water projects leaving most of the company’s drilling units idle. The Cayman holdings company expects low oil prices to weigh in on client demand heading into the end of the year.

Immediate court filings indicate that Highland Capital Management will not pursue objections to recognitions of Ocean Rig UDW Inc. (NASDAQ:ORIG)’s Cayman proceedings in U.S Bankruptcy court. The firm which holds 7.5% of senior notes is, however, seeking to impose Chapter 7 or Chapter 11 on Ocean Rig.

The firm also continues to push for an involuntary petition against Ocean Rig UDW Inc. (NASDAQ:ORIG). The company fears that under the current structure it may never get a chance to go after the drilling company for alleged fraudulent conveyance.

The firm in a statement has said it will not take a position on whether the court should recognize debtor’s provisional liquidation and scheme of arrangement under the Cayman Island Companies Law.

Ocean Rig UDW Inc. (NASDAQ:ORIG) has already told the court that the Cayman’s holdings are at its Center of main Interests (COMI) even though it moved there from Marshall Island in Apr.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $ORIG and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Marc has a degree in economics and a MSc. in Finance. Marc worked for global investment firms in Europe and the United States as an analyst, fund manager, and consultant.

Westport Fuel Systems Inc. (USA) (NASDAQ:WPRT) Tanks On Public Offering and Revenue Guidance

Westport Fuel Systems Inc. (USA) (NASDAQ:WPRT)

Shares of Westport Fuel Systems Inc. (USA) (NASDAQ:WPRT) traded lower in Friday’s trading session after the company announced a dilutive public offering of its shares. The company also issued revenue guidance and a Pro Forma cash summary for the quarter ended June 30, 2017. The stock plunged 15.46% to end the week at $1.64 a share.

Westport Fuel Systems Inc. (USA) (NASDAQ:WPRT)

Public Offering

Westport Fuel Systems Inc. (USA) (NASDAQ:WPRT) systems is a transportation technology company that provides low emission engine and fuel systems technologies. The company operates in the automotive, Industrial, corporate, and technology fuel sectors. The company serves customers in more than 70 countries by developing and distributing delivering fuel efficiency and environmental benefits.

As part of the public offering, the company is offering 16.7 million shares at a price of $1.50 a share. Underwriters have been granted an option to purchase an additional 2.5 million shares. Gross proceeds are expected to be around $25 million before deduction of discounts and expenses.

Some directors and executive officers have also made requests to purchase the company’s common shares, pursuant to a non-brokered private placement. The private offering does not form part of the announced public offering but expected to take place concurrently. However, shares offered will be subject to a statutory holding period.

The offering should close on July 19, 2017, subject to fulfillment of customary closing conditions. Oppenheimer & Co is acting as the sole book running manager. In addition to the public offering, Westport Fuel Systems Inc. (USA) (NASDAQ:WPRT) has announced it expects revenues between $57 million and $59 million for the quarter ended June 30, 2017. The company also expects to be cash positive in early 2018.

Board Appointment

Separately, Westport Fuel Systems Inc. (USA) (NASDAQ:WPRT) has confirmed the appointment of Daniel M. Hancock into the board of directors effective July 7, 2017. Hancock was previously a member of the advisory board. He joins the board of directors with more than 43 years of service in General Motors Company (NYSE:GM) powertrain engineering.

“Dan’s knowledge and extensive experience in the automotive sector, combined with his familiarity with Westport Fuel Systems as a former Advisory Board member, will provide strategic acumen to further strengthen our Board during this transformative time in the Company,” said Brenda Eprile, Westport Fuel Systems Inc. (USA) (NASDAQ:WPRT) Chairman of the Board.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $WPRT and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

Zion Oil & Gas, Inc. (NASDAQ:ZN) Rallies

Zion Oil & Gas, Inc. (NASDAQ:ZN)

Zion Oil & Gas, Inc. (NASDAQ:ZN) stock was up by 9.3% after the company issued an operational update at its Megiddo-Jezreel well in Israel. Since last month’s update, the company says it has reached a depth of 3,280 feet in a well proposed for a 15,000 foot depth.

Megiddo-Jezreel Operation Update

The ongoing drill works are expected to go through at least four different geologic strata, below which Zion Oil & Gas, Inc. (NASDAQ:ZN) remain confident of hitting oil and gas deposits. To be able to drill the 3,280 ft. the company has had to navigate through a string of obstacles. Chief executive officer, Victor G Carrillo, says they remain confident of oil and gas commercial production this year.

“We are extremely proud of the work that has been done and looks forward to a successful well. We are thankful to our shareholders and supporters for their faithfulness to stand with us during these last few years,” said Chief Operating Officer, Dustin Guinn

Zion Oil & Gas, Inc. (NASDAQ:ZN) has contracted the likes of Halliburton Company (NYSE:HAL), Baker Hughes a Ge Company LLC (NYSE:BHI), and Weatherford International Plc. (NYSE:WFT) to provide world-class drilling services. The rig has a 3,000HP capacity draw work, capable of drilling up to 7,000 meters.

Subject to adequate cash and positive exploratory results, Zion Oil & Gas, Inc. (NASDAQ:ZN) plans to drill multiple wells as various geologic targets can be accessed using different directional trajectories. A 2015 study conducted concluded that the Levante basin could have as much as 6.6 billion barrels of oil. The Megiddo-Jezreel License area is within the Levante area and well positioned to have geologic ingredients of an active petroleum system.

The oil and gas exploration company holds an exploration license for approximately 99,000 acres in Megiddo-Jezreel area. The company has already drilled four exploration wells.

DSPP Program Update

Separately, Zion Oil & Gas, Inc. (NASDAQ:ZN) confirmed it will not extend the $250 unit program under its Dividend Reinvestment and Common Stock Purchase Plan DSPP beyond July 12, 2017. The program is designed to provide investors a simple way of investing in Zion stock directly from the company. However, the program is not intended to provide short-term profits through rapid turnover of shares acquired at a discount.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $ZN and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Steve Clark is a 23-year Wall St professional with stints in M&A, risk management, and algorithm trading. Steve keeps his head in the game by looking for, and writing about, small companies that often get overlooked by the big investment firms.

No Explanation for Rise of Rentech, Inc. (NASDAQ:RTK)

Rentech, Inc. (NASDAQ:RTK)

Rentech, Inc. (NASDAQ:RTK) shares are up over 20% in early trading, and on heavy volumes, despite a lack of any public news that could account for such a strong move. RTK shares closed yesterday at $0.55 and opened at the same price. However the shares quickly took off and hit their inter-day high, as of 11:15 AM EST, within 30 minutes. Volumes followed the same trajectory. Rentech, Inc. (NASDAQ:RTK) has a 30-day, daily volume figure of just under 250,000 but by 11:15 AM EST over 5.7 million shares have traded hands.

Rentech, Inc. (NASDAQ:RTK)
15 minute bar graph $RTK July 6

Rentech, Inc. (NASDAQ:RTK) is a Canadian-based company that owns and operates wood fiber and wood pellet processing businesses. Rentechs’ New England subsidiary produces bagged wood pellets for the U.S. heating market. The President, CEO, and Board Member of Rentech, Inc. (NASDAQ:RTK) is Mr. Keith Forman. Mr. Forman has a background in master limited partnerships (MLPs). He has worked with MLPs in a variety of roles including as a banker, a senior executive and a director since the inception of MLPs in the 1980s. He previously served as chief financial officer of Crestwood Midstream Partners L.P., a private investment partnership focused on making equity investments in the midstream energy market.

Recently insiders have increased their aggregate stock position in Rentech, Inc. (NASDAQ:RTK) by over 250% while institutional investors have been divesting themselves of the stock. Another metric that stands out is the amount of cash per share of RTK. Latest reports put that figure at $0.98 which is about 1/3 more than what the shares are trading for. While Rentech, Inc. (NASDAQ:RTK) is down over 77% YTD, the shares are up over 25% for the past month. That upward move has given RTK shares a Relative Strength Index reading of over 79 which most observers believe is firmly entering “overbought” territory even though Rentech, Inc. (NASDAQ:RTK) is well off its 52-week high of $3.97. Of concern is the company’s inability to turn revenues into profits. In 2013, RTK shareholders had a per share profit of $0.22. However the next year shareholders experienced a loss of (-$1.85) and that per share loss expanded in 2016 to (-$6.18)

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $RTK and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

Digital Power Corporation (NYSEMKT:DPW) Explodes On $65 Million Customer Order Backlog

Digital Power Corporation (NYSEMKT:DPW)

Digital Power Corporation (NYSEMKT:DPW) was up by 49.81% in Friday’s trading session as investors reacted to news that the company had regained NYSE compliance. The rally also came after an announcement that the company’s customer order backlog had soared to over $65 million, an increase of $8 Million from a May 17, 2017, forecast.

Order Backlog Growth

Digital Power Corporation (NYSEMKT:DPW) bills itself as a designer, developer, and manufacturer of power system solutions. The company targets customers in the medical, military, telecom, and industrial markets with a wide range of power system solutions.

The growth of Digital Power’s customer order backlog supports the company’s growth strategy that focuses on both acquisitions and organic growth. The company attributes the robust growth to new and current customers as well as the consolidation of financial reporting to include Microphase Corporation.

“We continue to see strength in our custom power supply business as our order book grows. With the purchase of Microphase Corporation, we will also see strong cost savings which will increase our gross and net margins,” said CEO, Amos Kohn.

In the first quarter, Digital Power Corporation (NYSEMKT:DPW) received a 3-year $50 million purchase order from its customer MTIX Ltd headquartered in Huddersfield U.K. The order is for the manufacturing, installation, and servicing of a textile treatment system that utilizes MTIX’s proprietary system.

Shareholder Value on MTIX’s System

Digital Power Corporation (NYSEMKT:DPW) works on the restyle treatment system are set to begin and a $1.5 million deposit has been made. The company expects the remaining payments to be made in the coming weeks as production ramps up.

Digital Power Corporation (NYSEMKT:DPW) expects production of the MTIX’s systems to positively impact gross and net profitability heading into the year end.

“The added value to shareholders is yet to be understood. Over the coming years, this contract and relationship we believe will provide massive value to our shareholders,” said Mr. Kohn.

Separately, Digital Power Corporation (NYSEMKT:DPW) has regained compliance with the NYSE listing standards on filling of an 8-k report with the Securities and Exchange Commission. The report indicates that the company’s stockholder’s equity was about $6,409,000 on a pro forma basis as of June 19, 2017.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $DPW and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.