Tuesday, October 20, 2009

Buy rating and Target price of $0.40 affirmed!

The recent announcement by AlumiFuel Power AFPW.OB that it is entering the multi-million Dollar Sports and MRE (meals ready to eat) Market prompted Senior Analyst Robert Goldman to affirm the 'Speculative Buy' rating and Target price of $0.40.


Mr. Goldman has cited that the Alternative Energy market is a one of the World's fastest growing industry. AlumiFuel has recently signed a MOU with a Dow 30 and Fortune 50 company.


Alternative Energy space is enjoying broad governmental, military and commercial support. AFPW.OB could become a leader in the U.S Hydrogen market which is estimated to be a $5 Billion Dollar market in just three years.


Read the full Report

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