What To Expect From Alpine 4 Holdings, Inc (OTCMKTS:ALPP) Is In News

Alpine 4 Holdings, Inc (OTCMKTS:ALPP) is trading higher in the mid-session on Monday.

Major Trigger:

Alpine 4 Holdings’ (ALPP) Subsidiary, Morris Sheet Metal, Awarded $2.3M in New Projects Bringing Backlog Production Work to $9.8M

Key Highlights:

• announce that its subsidiary, Morris Sheet Metal (MSM), was awarded $2.3 million in new building projects bringing the company’s backlog production work to $9.8 million.
• MSMs backlog has recently grown thanks to their ability to deliver to their healthcare, food process industry, industrial and educational customers.  Northeast Indiana’s largest healthcare provider recently awarded MSM several projects totaling over $500k in new work. 
• An additional orthopedic healthcare project, in eastern Ohio, has brought in $1.3M.  MSM’s food processing industry work accounts for $450k in new jobs.  A number of MSMs industrial maintenance customers and educational partners have brought various new work combining roughly $100k in new projects.
• Morris Sheet Metal is a full-service HVAC Contractor and custom sheet metal fabricator offering design, fabrication, and installation services to its clients since 1998.

Key Quote

Tom Laubhan, Morris Sheet Metal’s President, had this to say, “We are proving to our customers, employees and competitors that MSM is a top tier contractor.  Our process is eliminating redundancy, maximizing our most efficient assets, increasing purchasing power and strengthening our team.  Construction trades labor is still very scarce, though we are having excellent results with our new apprentices.  MSM has a great culture of “training your replacement.”  This has served us very well and continues to create a path for advancement. I am very proud of our team at MSM for their ability to adapt to the challenges that currently exist in the fabrication and construction industry.  We expect to see a very strong year and are building the foundation for continued growth.”

Market Reaction: Stock Extends Rally

As of 12:19, ALPP stock moved up by 2.43% to $3.37 with more than 191K shares traded hands, compared to its average volume of 1.15 million shares. The stock has moved within a range of $3.2500 – 3.4100 after opening the trade at $3.26.