Revolutionizing Energy Storage: Could This Battery Game-Changer have as much as 1,983% Potential Upside to its 52-Week High After Recently Bouncing Off its 52-Week Low?(1)

See why now may be the best time to start your research on Dragonfly Energy Holdings Corp. (Nasdaq: DFLI)

Dragonfly Energy Holdings Corp. (Nasdaq: DFLI)

Earnings Alert:

Dragonfly Energy CEO Leads the Lithium Battery Technology Conversation at the Move America 2023 Conference

1. Active Chart:

According to Barchart.com, Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) has a 52-week low of $1.38 and 52-week high of $28.75. Since bouncing off its 52-week low on 6/21/2023, shares of (DFLI) have moved as much as 135.51% in just over a month when they reached $3.25 on 7/24/2023. This could suggest a potential upside of over 1,983% considering (DFLI) has a 52-week high of $28.75, according to Barchart.com. (1) A 1,983% move is not certain, but the potential needs to be noted.

2. Strong Analyst Ratings:

Analysts at Canaccord Genuity LLC (US) have initiated coverage on Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) with a bullish rating and a target of $15. This rating reflects their confidence in the company's growth potential and strategic positioning in the energy storage market. DFLI opened at $2.80 on 8/01/2023, indicating a potential upside of over 435% considering the $15 target set by Canaccord Genuity LLC. (2)(1)

3. Low Float and High Insider Ownership:

Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) has less than 9.5 million shares in its float with insiders owning 62.00% of shares according to FinViz.com. (3) This concentrated ownership may suggest confidence in the company's prospects by those with deep knowledge of its operations.

4. Pioneering Technology:

Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) is at the forefront of developing cleaner and more efficient lithium-ion battery manufacturing processes, positioning the company as an innovator in the energy storage industry with its focus on next-generation non-flammable solid-state batteries. (4)

5. Sustainable and Reliable Energy:

Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) is committed to delivering energy storage solutions that enable a sustainable and reliable smart grid, thereby contributing to the global transition to green, renewable energy sources through the deployment of its solid-state cell technology. (4)

Dragonfly Energy Holdings Corp. (Nasdaq: DFLI)

Market Demand Section:

As the energy transition accelerates, the demand for green energy storage solutions is expected to increase exponentially, creating significant growth opportunities for companies in the sector. According to market research, the global energy storage market size is projected to reach USD $435.32 billion by 2030, growing at a compound annual growth rate (CAGR) of 8.4% from 2022 to 2030. (8)

The market presents opportunities for innovation in battery technology, grid integration, distributed energy resources, and microgrids. In addition, the race to secure raw materials for battery production has intensified, with a focus on establishing sustainable and responsible supply chains. (9)

Source 1: https://www.barchart.com/stocks/quotes/DFLI/price-history/historical
Source 2: https://energysectorreport.com/wp-content/uploads/sites/33/2023/03/Black-gold-for-the-green-economy_-initiating-coverage-of-ENVX-BUY-20-PT-and-DFLI-BUY-15-PT-1.pdf
Source 4: https://www.sec.gov/ix?doc=/Archives/edgar/data/1847986/000110465922110688/dfli-20220630xs1.htm
Source 8: https://www.globenewswire.com/en/news-release/2022/04/06/2417212/0/en/Energy-Storage-Systems-Market-Size-to-Surpass-US-435-32-Bn-by-2030.html
Source 9: https://dragonflyenergy.com/the-brand/