Alpine 4 Holdings (ALPP) Stock Moves in a Range: A Bullish Sign?

Well-known small business owner and operator Alpine 4 Holdings (OTCMKTS:ALPP) has caught the attention of many investors this morning and jumped by 3%.

The company announced this morning that Thermal Dynamics International Inc, its subsidiary company, has managed to bag new production orders which have now grown its total backlog to more than $14.6 million. It has been revealed that over the course of the next year, Thermal Dynamics is expected to deliver many of these orders to its clients.

Those clients include such illustrious names as the United States Department of State and a range of companies all over the globe. The company is known as a multinational engineering and project management services operator. In addition to that Department of States, the United States Department of Defense is also one of its clients. The developments are a major boost for Alpine 4 Holdings and it is going to be interesting to see if the stock can maintain this momentum.