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Analyst Initiates Coverage With A Target Indicating 288% in Upside Potential For This Little-Known Energy Storage Player… (25)

With an earnings announcement coming soon, 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)

7 Reasons why Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) Could be Poised for Significant Upside Potential Ahead of 2024.

Analyst Coverage:

Recently, Craig Irwin from Roth MKM initiated coverage on Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) with a target of $4.00, as reported by Benzinga.com. (25) From a 52-week low of $1.03 established on 10/26/2023, this target indicates upside potential of over 288%. (1)

Inclusion in Russell 2000® Index:

Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) celebrated its inclusion in the Russell 2000® Index, further solidifying its presence in the industry. Once a year, the index goes through a process known as reconstitution, where companies are added or removed based on their current market cap, and (DFLI) has officially been included. (22)(24)

High Insider Ownership:

Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) has less than 23 million shares in its float with insiders owning approximately 61.65% of shares as of 10/26/2023. (3) This concentrated ownership may suggest confidence in the company's prospects by those with deep knowledge of its operations.

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)

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)

Robust Intellectual Property:

Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) has developed and filed patent applications on commercially relevant aspects of their business, including chemical composition systems and production processes. To date, they have processed 24 issued patents, with an additional 20 patent applications pending, in the United States, China, Europe, Australia, Canada, and other regions. (4)

Diverse Market Focus:

Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) manufactures and supplies deep-cycle lithium-ion batteries for various applications, including recreational vehicles, marine vessels, and off-grid installations. This diverse market focus provides multiple revenue streams and growth opportunities. (4)

Upside Potential:

According to Barchart.com, Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) has a 52-week low of $2.61 and 52-week high of $28.75.

After bouncing off of its 52-week low of $2.61 on 3/17/2023, could Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) demonstrate the potential for a 1,001.53% move back to its 52-week high of $28.75 while creating a strong research opportunity for readers? A 1,001.53% move is not expected but the potential needs to be noted. (1)

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 $4.10 on 3/27/2023, indicating a potential upside of approximately 265.85% if the stock reaches the target of $15.

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. (3)

This concentrated ownership may suggest confidence in the company's prospects by those with deep knowledge of its operations.

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)

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)

Robust Intellectual Property:

Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) has developed and filed patent applications on commercially relevant aspects of their business, including chemical composition systems and production processes.

To date, they have processed 24 issued patents, with an additional 20 patent applications pending, in the United States, China, Europe, Australia, Canada, and other regions. (4)

Diverse Market Focus:

Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) manufactures and supplies deep-cycle lithium-ion batteries for various applications, including recreational vehicles, marine vessels, and off-grid installations.

This diverse market focus provides multiple revenue streams and growth opportunities. (4)

Addressing Grid Storage Challenges:

Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) is working to revolutionize grid storage with its non-flammable solid-state battery technology,

which is crucial for grid stability and resilience in a world increasingly reliant on renewables. (4)

The Future of Green Energy Storage: Unlocking Growth Opportunities and the Benefits of Discovering Hidden Gems

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The transition to a sustainable and clean energy future is underway, and green energy storage is set to play a pivotal role in this transformation. As the world embraces renewable energy sources like solar and wind power, the need for efficient and reliable energy storage systems is more pronounced than ever before. (7)

 

This report explores the outlook and growth opportunities in the green energy storage sector, the benefits of discovering under-the-radar companies ahead of Wall Street, and introduces Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) as an emerging player in this dynamic industry.

The Outlook for Green Energy Storage

The global green energy storage market is poised for remarkable growth, driven by the increasing adoption of renewable energy, advancements in battery technology, and supportive government policies to combat climate change. Energy storage systems address the intermittency challenges inherent in renewable energy sources, enabling the integration of renewables into the grid and ensuring a stable supply of electricity regardless of weather conditions or time of day. (7)

 

The electrification of transportation and the rapid adoption of electric vehicles (EVs) also contribute to the growing demand for energy storage solutions. Lithium-ion batteries, in particular, have emerged as the leading technology for both stationary storage applications and EVs due to their high energy density, long cycle life, and declining costs. (7)

Growth Opportunity in the Energy Storage Sector

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)

The Benefits of Discovering Little-Known Companies

For those seeking to capitalize on the growth in the green energy storage market, identifying little-known companies ahead of the rest of Wall Street can offer significant advantages. These undiscovered gems may possess innovative technologies, unique business models, and strong growth potential that is not yet reflected in their stock prices. (9)

Introducing Dragonfly Energy Holdings Corp. (Nasdaq: DFLI)

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One such emerging company in the green energy storage space is Dragonfly Energy Holdings Corp. (Nasdaq: DFLI). Headquartered in Reno, Nevada, Dragonfly Energy is a manufacturer and supplier of deep cycle lithium-ion batteries for various applications, including RVs, marine vessels, off-grid installations, and more. (4)

 

The company focuses on delivering sustainable energy storage solutions to enable a smart grid through the deployment of its solid-state cell technology. In addition to manufacturing lithium-ion batteries, Dragonfly Energy is actively engaged in the research and development of next-generation non-flammable solid-state batteries, aiming to address future energy storage needs.


Dragonfly Energy’s commitment to innovation, its robust patent portfolio, and its dedication to cleaner and more efficient battery manufacturing processes make it a compelling choice for readers seeking exposure to the booming green energy storage market. (4)

 

As the world continues on its path to a cleaner and more sustainable future, green energy storage will be a critical enabler of the energy transition. The growth opportunities in this sector are vast, and readers who identify and research these innovative companies ahead of the broader market may reap significant advantages.

 

Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) stands out as a promising company in this space and deserves your immediate attention.

Analyst Initiates Coverage with a Target Indicating 288% in Upside Potential For Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) (25)

Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) has demonstrated the potential for significant upside potential with a 52-week range of $1.03 – $28.75. (1) Not that any returns to previous highs are certain, but the potential for a 2,691.23% upside, after hitting a recent 52-week low, suggests a strong reason to begin your research on this company.

In fact, Craig Irwin from Roth MKM recently initiated coverage on Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) with a target of $4.00, as reported by Benzinga.com. (25) The company’s hit a 52-week low of $1.03 on 10/26/2023 indicating an upside potential of over 288% according to price history available at Barchart.com. (1) Moving Averages as of 10/26/2023: (10)

If Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) entering an oversold scenario? (27)  

 

According to Investopedia.com, two of the most common charting indicators of overbought or oversold conditions are the relative strength index (RSI) and stochastics. Developed by J. Welles Wilder Jr. and introduced in the 1978 book New Concepts in Technical Trading Systems, RSI is a measurement of stock price change momentum.

 

RSI is a range-bound oscillator, meaning that its value fluctuates between 0 and 100 depending on the underlying security performance, and is calculated based on prior periods’ average gains versus losses.

When the RSI indicator approaches 100, it suggests that the average gains increasingly exceed the average losses over the established time frame. The higher the RSI, the stronger and more protracted the bullish trend. A long and aggressive downtrend, on the other hand, results in an RSI that progressively moves toward zero.

 

RSI levels of 80 or above are considered overbought, as this indicates an especially long run of successively higher prices. An RSI level of 30 or below is considered oversold. (27)

 

As of 10/26/2023, StockCharts.com is reporting that Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) has a 14-Day RSI of 26.81%. (10) This suggests that shares of (DFLI) are around oversold territory and yet another reason to begin your research on this company. (10)(27)

 

While the company’s stock price has seen fluctuations, it’s important to note that Dragonfly Energy Holdings Corp. (Nasdaq: DFLI)’s focus is on pioneering next-generation solid-state battery technology, robust intellectual property portfolio, and strategic partnerships which could provide a strong foundation for future growth.

Additionally, Dragonfly Energy Holdings Corp. (Nasdaq: DFLI)’s commitment to addressing grid storage challenges and enabling a more sustainable and reliable energy ecosystem is aligned with global efforts to transition to renewable energy sources.

 

Readers should consider Dragonfly Energy Holdings Corp. (Nasdaq: DFLI)’s significant upside potential in the context of the broader industry dynamics, technological advancements, and the company’s strategic initiatives.

One thing to think about is that Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) could still be considered a low-float stock.

 

Low float stocks refer to the securities that remain after a company’s stock has been issued to its controlling investors — meaning there are relatively few shares for the public to buy. (12)

Market participants typically consider a float of 10-to-20 million shares as a low float. Some larger corporations have very high floats in the billions. (12)

Companies with a low float frequently have a large portion of their equity held by controlling investors such as directors and employees, which leaves only a tiny percentage of the stock available for public trading. (12)

That limited supply can cause dramatic valuation swings if demand changes quickly. (12)

According to Finviz.com, Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) has less than 23 million shares in its float with insiders owning approximately 61.65% of shares as of 10/26/2023. (3) This concentrated ownership may suggest confidence in the company’s prospects by those with deep knowledge of its operations.

Which is why things could get very interesting and also why you need to start your research on Dragonfly Energy Holdings Corp. (Nasdaq: DFLI).

Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) to Release Q3 2023 Financials and Operational Milestones on November 13, 2023… (26)

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In a year marked by significant achievements and innovations in the renewable energy sector, Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) continues to be a trailblazer. The company has announced its plans to unveil its financial performance for the second quarter of 2023, as well as discuss operational milestones, on November 13, 2023. This eagerly awaited update follows a string of noteworthy developments that have cemented Dragonfly Energy’s position as a leader in the field of deep-cycle lithium-ion storage batteries. (22)(26)

 

 
Financial Performance Overview (22) 
 

 

In the second quarter of 2023, Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) reported several key financial metrics that provide insight into the company’s performance:

 

Net Sales: Net sales for Q2 2023 amounted to $19.3 million, reflecting a slight decrease from the $21.6 million reported in the same period in 2022. This dip was primarily attributed to shifts in the revenue mix, including a higher percentage of lower-margin Original Equipment Manufacturer (OEM) sales and a reduced percentage of higher-margin direct-to-consumer (DTC) sales.

 

Gross Profit: The gross profit for the second quarter stood at $4.1 million, down from $7.0 million in Q2 2022. This decrease in gross profit was primarily due to changes in the revenue mix, coupled with increased material costs.

 

Operating Expenses: Operating expenses in Q2 2023 amounted to $(12.5) million, marking an increase from $(7.6) million in the same period in 2022. This rise in operating expenses can be attributed to various factors, including higher professional services costs, compliance expenditures, insurance costs, increased personnel costs, severance payments, stock-based compensation, and rising material costs.

 

 

 
Operational Milestones (22)

 


Despite encountering challenges in its core markets, Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) has remained dedicated to innovation and progress. The company achieved several significant operational milestones during the second quarter of 2023:

 

Completion of U.S. Lithium Battery Cell Pilot Program: Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) announced the successful completion of its U.S. lithium battery cell pilot program, a significant step toward full-scale cell production, expected to be concluded by the end of the year.

 

Innovative Battery Pack Assembly Design Patent: The company secured a U.S. patent for an innovative battery pack assembly design. This groundbreaking innovation not only allows for flexible custom installation solutions but also enhances energy density, a critical factor in lithium-ion battery technology.

 

Partnership with nuCamp: Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) forged a strategic partnership with nuCamp, a leading manufacturer of teardrop trailers and small campers. This collaboration involves providing full lithium power systems as standard equipment on nuCamp’s 2024 model-year products.

 

Inclusion in Russell 2000® Index: Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) celebrated its inclusion in the Russell 2000® Index, further solidifying its presence in the industry.

 

 


Outlook for Q3 2023 (22)

 


As Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) continues to navigate challenges in its core markets, including the RV industry, the company remains resilient and adaptable. For the third quarter of 2023, the company has outlined its expectations:

 

Net Sales: Anticipated net sales are expected to range between $16.0 million and $20.0 million, reflecting softer demand from the RV market due to industry-wide declines.

 

Gross Margin: A modest improvement in gross margin is expected on a sequential basis.

 

Operating Expenses: Operating expenses are projected to fall within the range of $(10.0) million to $(13.0) million.

 

Other Income (Expense): The company foresees other income (expense) in the range of $(4.0) million to $(4.5) million.

 

Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) continues to advance in the energy storage sector, with a focus on lithium-ion battery technology. Despite short-term market challenges, the company’s commitment to innovation, strategic partnerships, and adaptation to changing market dynamics position it for future growth and success. As it proceeds with its plans for full-scale cell production and diversification of its market presence, Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) remains a noteworthy player in the pursuit of sustainable energy solutions.

Dragonfly Energy Holdings Corp. (Nasdaq: DFLI): At the Forefront of Lithium-Ion Technology for Renewable Energy Storage. (13)

Harnessing the power of the sun, utilizing the strength of the wind, and turning the movement of water into power—renewable energy is all around us. But what happens if the water dries up, when the sun sets, and when the wind dies down? We lose power. But what if we didn’t have to? What if we could ensure that we use every ounce of that energy, whether it’s intermittent or not? The solution is storage. (13)

Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) has been at the forefront of integrating lithium-ion technology to deliver environmentally impactful solutions for energy storage. Their batteries have powered RVs, marine vessels, industrial applications, and off-grid properties for years, and now is the time for a bigger, brighter future. As our world makes the shift, living off green energy is possible, no matter how intermittent that source is. Through manufacturing and advanced research and development, Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) is putting Americans to work and developing technology for our future.
 
Powering life on the water, on the road, at home, or at work, Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) is here to harness the unlimited potential of renewable energy. They’re increasing the adoption of energy sources, reducing emissions, and furthering the energy transition from being tied to the grid to being free and sustainable. As the industry leader in green energy storage, Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) is powering lives with products that are safe, reliable, and powerful—products that are revolutionary. (13)

Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) —solving intermittency today for smarter energy storage tomorrow, and developing a cleaner, brighter future for generations to come.(13)

Dragonfly Energy Holdings Corp. (Nasdaq: DFLI): What's Next in Grid-Level Storage & Harnessing Renewable Energy (14)

The transition to renewable energy storage represents a pivotal and essential shift towards a brighter, more sustainable future. At the forefront of this transformation is Dragonfly Energy Holdings Corp. (Nasdaq: DFLI), a company that is revolutionizing how we store power and paving the way for innovative energy solutions.

 

Dragonfly Energy Holdings Corp. (Nasdaq: DFLI)’s role extends far beyond that of a typical battery company. In fact, it is a trailblazer in the field of technology and innovation. The company’s primary focus is on developing and enhancing battery technology, including the creation of new battery packs, innovative battery cell manufacturing processes, and related products. Dragonfly Energy’s mission is to address and solve key challenges in energy and electricity production, both in the United States and around the world.

 

The critical challenge facing renewable energy is not cost, but rather intermittency—the fluctuating availability of sources like sunlight and wind. This is where Dragonfly Energy’s expertise in battery technology becomes vital. As a cutting-edge technology company, Dragonfly Energy is dedicated to developing energy storage solutions that allow renewable sources like wind and solar to effectively compete with traditional energy sources such as coal, oil, and gas. The company empowers individuals and communities to enjoy extended periods of independence from the grid—a capability that has become increasingly crucial.

 

With traditional lead acid batteries having remained relatively unchanged for 150 years, Dragonfly Energy, along with its consumer brand Battle Born Batteries, has introduced game-changing solutions. The company provides ideal replacements for conventional lead acid batteries, leading to a transformative shift in how recreational vehicles (RVs), marine vessels, and off-grid customers power their lifestyles.

 

Dragonfly Energy Holdings Corp. (Nasdaq: DFLI)’s approach involves the assembly and marketing of battery packs to consumers and original equipment manufacturers (OEMs) for a range of applications. This is done through both the Battle Born Batteries and Dragonfly brands. In addition to batteries, Dragonfly Energy offers complete energy systems, including inverters, solar charge controllers, and solar panels. By offering these comprehensive solutions, the company gains valuable insights into the evolving energy industry, enabling it to drive conversations and innovations in larger-scale applications such as emergency backup power and industrial power.

 

For those at Dragonfly Energy with a scientific background, the opportunity to deploy and develop cutting-edge technology for solving real-world problems is a driving passion. The company is committed to making a positive and lasting impact on the world through its research and development efforts.

 

Dragonfly Energy Holdings Corp. (Nasdaq: DFLI)’s pioneering work extends to the realm of solid-state battery technology—a field in which the company is introducing unprecedented innovations. While many other companies in the solid-state technology space are primarily focused on the electric vehicle market, Dragonfly Energy has chosen to concentrate on the energy storage market—an area with vast potential and unique challenges.

 

Dragonfly Energy Holdings Corp. (Nasdaq: DFLI)’s solid-state battery technology is distinctive and groundbreaking. It addresses critical concerns, such as the flammability of liquid electrolytes, by using solid electrolytes that are inherently safe. The company’s solid-state batteries will be manufactured in the United States, offering cost-effective and non-flammable solutions that can be safely deployed in a wide range of settings, from individual buildings to entire communities.

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Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) Brings You Battle Born Batteries: Powerful, Reliable Lithium-Ion Batteries (15)

The growth of Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) can largely be attributed to the company’s ability to deliver a product that met the pressing needs of a wide range of consumers. In particular, Dragonfly Energy made its mark in the recreational vehicle (RV) industry by addressing the shortcomings of traditional lead acid batteries, which were widely disliked by RV owners. (15)

By combining a high-quality product with a rapidly growing industry like the RV market, Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) set itself on a trajectory of remarkable success.

What set Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) apart from its competitors was the company’s strategy of identifying a problem in the market and then developing a solution that was not only powerful but also safe and reliable. Through forming relationships with influential customers, industry-leading OEMs, and grassroots campaigns, Dragonfly Energy was able to raise awareness about the dangers and limitations of lead-acid batteries, thereby revolutionizing the industry.

Since 2018, Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) has sold over 175,000 of the most popular deep-cycle lithium-ion batteries on the market, leading to rapid growth of both the Dragonfly Energy and Battle Born Batteries brands. The company’s products have been well received, not only for their superior quality but also for the exceptional customer service and support provided by the company. (15)

Dragonfly Energy’s Battle Born Batteries brand was an early mover in the transition from lead acid to lithium-ion batteries in the RV industry. These new batteries were non-toxic, lighter weight, longer-lasting, and safer than their lead-acid counterparts. As a result, they not only improved customer experiences but also enhanced and powered their lifestyles.

The company’s commitment to understanding its customers’ needs and designing products to meet those needs has been a driving factor in its success. Dragonfly Energy started small, selling just one or two batteries per day, but it now sells thousands per month. This growth has been fueled by the company’s unwavering dedication to its customers.

Dragonfly Energy Holdings Corp. (Nasdaq: DFLI)’s impact extends beyond the RV industry. Customers from various verticals and markets have sought out the company’s products to power their lives and activities. The ability to provide solutions to an increasingly diverse range of applications is a testament to Dragonfly Energy’s expertise and innovation. (15)

For years, the RV industry was limited by outdated and dangerous technology. However, Dragonfly Energy’s introduction of lithium-ion batteries has been a game-changer, offering customers the freedom to power their lives in new and exciting ways. The company’s unique position as a battery technology company, rather than just a battery importer, allows it to take customer feedback and turn it into meaningful product development. (15)

Dragonfly Energy’s approach to the RV industry was carefully planned. The company sought to educate early adopters about the benefits of its technology and drive business back to dealerships while simultaneously educating OEMs. This dual branding strategy positioned Dragonfly Energy on both sides of the market, resulting in widespread success and full market penetration.

As the market leader in RV batteries, Dragonfly Energy has no intention of resting on its laurels. The company plans to continue expanding, automating, and advancing its technology. This includes capturing adjacent markets and becoming a leader in the lead acid battery replacement market, which represents an enormous opportunity.(15)

Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) Revolutionizing the Energy Storage Market Through Innovative Lithium-Ion Technology and Strategic OEM Partnerships (16)

Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) has built a reputation for trust and reliability with DIY enthusiasts, sailing enthusiasts, and on- and off-road adventurers. This track record in the aftermarket has opened the door to partnerships with leading original equipment manufacturers (OEMs) in the industry. Through strategic OEM partnerships, Dragonfly Energy and its Battle Born Batteries brand have made their products widely available to consumers across the country via dealerships and as factory-standard and installed equipment. (16)

The Battle Born brand played a significant role in rejuvenating the industry by focusing on the aftermarket and introducing lithium-ion batteries to recreational vehicles (RVs). This move caught the attention of OEMs, who realized that customers wanted lithium-ion batteries installed directly from the factory. As the company’s customer base embraced the benefits of lithium-ion technology over traditional lead acid batteries, Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) attracted the attention of major OEMs.

One such OEM partnership was with Airstream, the iconic RV brand. Dragonfly Energy Holdings Corp. (Nasdaq: DFLI)’s success with Airstream led to other notable partnerships, including Keystone RV and Tiffin Motorhomes, which contributed to the company’s growing footprint in the OEM market.

Innovation and industry leadership characterized Dragonfly Energy Holdings Corp. (Nasdaq: DFLI)’s partnership with Keystone RV. Keystone RV became the first company to put batteries on the assembly line and ship RVs to dealerships with batteries already installed. This groundbreaking move, which utilized Dragonfly Energy batteries, challenged preconceived notions in the industry and positioned Keystone RV as a leader in innovation.(16)

The collaboration with Keystone RV has grown substantially, with Dragonfly Energy now serving as Keystone RV’s exclusive lithium battery supplier. This partnership not only speaks to the quality of Dragonfly Energy’s products but also to the company’s ability to meet high demand. (16)

While Dragonfly Energy Holdings Corp. (Nasdaq: DFLI)’s OEM business is crucial for credibility and growth, the company continues to pursue other verticals, including material handling, the rail market, and the marine market. In essence, any application where a lead acid deep cycle battery is used today presents an opportunity for Dragonfly Energy’s lithium-ion batteries.

The company’s success in cultivating strong OEM partnerships has not gone unnoticed. Thor Industries, the parent company of Keystone RV and Airstream, recognized Dragonfly Energy’s potential to change the industry and the course of the planet. As a result, Thor Industries made a $15 million investment in Dragonfly Energy, further solidifying the relationship and expressing confidence in the company’s future. (16)

Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) Disrupts Energy Storage: Lead Acid Batteries Out, Advanced Lithium-Ion Technology In (17)

For decades, lead acid batteries have served as the primary technology for energy storage across various industries. Despite their widespread use, technological advancements have been limited, causing industries to struggle with the need for safe, efficient, and cost-effective energy storage. Enter Dragonfly Energy Holdings Corp. (Nasdaq: DFLI), the company that’s already elevating energy storage technology to new heights. (17)

 

The market is dominated by lead acid batteries, which are currently the go-to technology for deep-cycle storage. However, Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) aims to disrupt this status quo by targeting a wide range of markets including data centers, railroads, forklifts, emergency vehicles, and more. The company’s mission is to replace lead acid batteries with its advanced lithium-ion technology, opening up a potential market worth tens of billions of dollars.

 

Dragonfly Energy’s ETL-Listed lithium-ion batteries address the limitations of lead-acid batteries, which suffer from poor shelf life and toxicity. For example, in material handling and forklift industries, lead-acid batteries have traditionally been installed after the manufacturing process due to these deficiencies. However, lithium-ion batteries enable original equipment manufacturers (OEMs) to install the batteries directly during manufacturing, eliminating post-production hassles.

 

Security and industrial solar applications also stand to benefit from Dragonfly Energy’s lithium-ion technology. Whether it’s powering cameras in the sky or solar panels for license plate readers and radar detectors, lithium-ion batteries offer an improved return on investment and performance. Dragonfly Energy’s engineering team is innovating and developing custom solutions for OEMs, enabling them to shine in a variety of applications. (17)

 

The possibilities for Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) are limitless, and the future looks bright for this trailblazing company. With its advanced technology, Dragonfly Energy is poised to enter new markets and revolutionize energy storage. From powering lives to changing the way energy storage is perceived, Dragonfly Energy is at the forefront of industry innovation. (17)

 

The company’s rapid growth and success to date have laid the groundwork for further expansion. As Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) continues to displace lead-acid batteries in various markets, it is also setting its sights on revolutionizing the energy grid—a monumental opportunity. Ultimately, Dragonfly Energy envisions its batteries being present in every home, marking a transformative shift in the energy storage landscape. (17)

Long-Haul Trucks Are Getting An Electric Upgrade With Dragonfly Energy Holdings Corp. (Nasdaq: DFLI)’s Latest Initiative! (28)

The trucking industry, a vital part of the global economy, has long been a significant contributor to carbon emissions and air pollution. Unfortunately, the vast majority of trucks on the road still rely on diesel fuel, emitting harmful greenhouse gasses and pollutants into the atmosphere. According to the Environmental Protection Agency (EPA), while heavy-duty trucks make up only 4% of registered vehicles, they are responsible for approximately 23% of the transportation sector’s greenhouse gas emissions. Addressing this environmental challenge is a pressing concern, and one company is stepping up to the plate with an innovative solution.

 

 


The Electric Truck Challenge (28)

 

The development of electric trucks is a promising solution to the trucking industry’s environmental impact. However, electrifying this massive and complex industry is no small feat. One of the primary obstacles lies in the limited range and charging time of electric trucks. Current technology allows heavy-duty electric trucks to travel approximately 125 miles before needing a recharge. In contrast, diesel trucks can refuel in just 20 minutes and cover significantly greater distances. This presents a substantial challenge for long-haul truck drivers who need to cover an average of 500 miles per day to make a living. Frequent stops and longer charging times result in unproductive downtime, affecting the efficiency and profitability of trucking operations.

 

Additionally, the infrastructure required to support widespread electric truck adoption is still in its infancy. Unlike diesel trucks that can refuel simultaneously at multiple fueling stations, charging stations for heavy-duty electric trucks require significantly more time to recharge each vehicle. This limitation poses challenges in terms of scalability and efficiency, with a typical truck stop equipped with 10 diesel refueling stations only able to charge around 240 heavy-duty electric trucks per day using direct-current fast chargers.

 

 


Dragonfly Energy’s Innovative Solution (28)

 

While the timeline for the widespread adoption of electric trucks and the implementation of necessary infrastructure remains a few years away, Dragonfly Energy Corp. (NASDAQ: DFLI) is working on a solution that could help electrify heavy-duty vehicles in the interim.

 

 


The Electric APU (Auxiliary Power Unit) (28)

 

Dragonfly Energy Corp. (NASDAQ: DFLI) offers a unique solution to the challenges of electrifying trucks without directly electrifying the engine. Their innovative technology, known as the Electric Auxiliary Power Unit (APU), focuses on transitioning the power supply for a truck’s sleeper cabin, often referred to as “Hotel Power,” to lithium batteries.

 

The Electric APU by Dragonfly Energy Corp. (NASDAQ: DFLI) provides significant benefits and eliminates the need for drivers to idle their vehicles solely for power. By replacing traditional power sources with lithium batteries, truck drivers can conveniently access power for essential needs, such as air conditioning, refrigeration, and other cabin appliances. This not only saves fuel costs but also reduces emissions and environmental impact significantly. The Electric APU offers efficient and reliable power, aligning with the industry’s focus on reducing carbon emissions and improving sustainability.

 

 


A Step Toward a Sustainable Future (28)

 

Dragonfly Energy Corp. (NASDAQ: DFLI)’s Electric APU offers a practical and environmentally friendly solution to the trucking industry’s sustainability challenges. While the electrification of long-haul truck engines remains a colossal undertaking, adopting alternative power sources for sleeper cabins represents a feasible step toward a more sustainable future. By reducing unnecessary idling, Dragonfly Energy Corp. (NASDAQ: DFLI)’s initiative not only helps trucking fleets become more environmentally responsible but also aligns with global efforts to combat climate change.

 

Dragonfly Energy Corp. (NASDAQ: DFLI) is actively contributing to the transformation of the trucking industry, providing innovative solutions that reduce emissions, save costs, and increase efficiency. Their Electric APU technology represents a significant step forward in the quest for a more sustainable and eco-friendly future for long-haul trucks, ultimately benefiting not only the industry but also the planet as a whole.

Nevada-Based Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) Leads the Way in US-Made Solid-State Batteries for a Sustainable Future (18)

For years, electric vehicles have been the primary driver behind the development of solid-state batteries. However, Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) is charting a different path by focusing on energy storage. The company’s unique solid-state technology is centered on safety and longevity, with the goal of producing a non-flammable battery that can last thousands of cycles, making renewable energy storage more cost-effective. (18)


The energy storage market is dominated by applications dependent on lead-acid batteries, a technology that has struggled to keep up with modern advancements. Dragonfly Energy is addressing this challenge by targeting various markets, including data centers, railroads, forklifts, emergency vehicles, and more. They aim to replace traditional lead acid batteries with their cutting-edge lithium-ion technology, opening up a massive potential market worth tens of billions of dollars.


Dragonfly Energy Holdings Corp. (Nasdaq: DFLI)’s solid-state technology is uniquely positioned to solve the problem of intermittency in renewable energy. The company envisions a resilient energy grid that relies on distributed energy storage at homes, businesses, and buildings. Lithium-ion batteries enable this vision by offering safety, cost-effectiveness, and long-lasting performance. By enhancing energy storage capabilities, Dragonfly Energy is allowing for greater integration of solar and wind power into the grid.


To achieve this vision, Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) is in the process of building a pilot production line for solid-state batteries at its headquarters in Reno, Nevada. The pilot line is a critical step in scaling up the manufacturing process and producing saleable battery cells. The company has assembled a team of automation and robotics experts to develop the necessary equipment for the pilot line. They are also focused on producing cost-effective products through low-yield, low-operating-cost, and low-capital-equipment-cost methods. (18)


Notably, Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) is committed to onshoring lithium-ion battery cell production to the United States, with a goal of vertical integration within the state of Nevada. The company is partnering with mining companies and has signed an MOU with ioneer to secure a lithium source for cell production. By harnessing Nevada’s rich lithium resources, Dragonfly Energy is creating jobs, lowering costs, and contributing to a more sustainable world.


Ultimately, Dragonfly Energy Holdings Corp. (Nasdaq: DFLI)’s mission is to revolutionize the energy storage industry by delivering non-flammable, US-made solid-state batteries. As the company moves closer to achieving this goal through its public market debut, it is poised to make a lasting impact on the way renewable energy is stored and used.


The potential of this technology is vast, and Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) is at the forefront of innovation and sustainability in the energy storage market. (18)

Dragonfly Energy Holdings Corp. (Nasdaq: DFLI)’s Vision for a Resilient Grid: Distributed Energy Storage to Stabilize Renewables (19)

Power is all around us—be it from the sun, wind, or water—and Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) is on a mission to ensure that using this renewable power is possible, even long after it has stopped producing. With a vision of a bright and sustainable future, Dragonfly Energy is working to revolutionize the energy grid by harnessing the power of renewables. (19)

 

As part of its strategy, Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) is investing in new infrastructure and tools to advance its mission. The company is building new labs and bringing prototype and pilot lines online to develop safe, high-energy-density storage solutions. These solutions are designed to open up new possibilities for cleaner energy production and level out the energy grid, addressing longstanding energy challenges.

 

Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) envisions a future with a distributed network of energy storage across the country and the world, helping to stabilize the grid. By providing reliable and safe storage solutions, the company can bridge the gap during times when solar and wind energy are less available, ensuring that power remains accessible.

 

Dragonfly Energy Holdings Corp. (Nasdaq: DFLI)’s approach goes beyond just designing and assembling batteries; the company aims to be fully vertically integrated. This commitment to innovation is part of Dragonfly Energy’s larger goal of displacing lead-acid batteries and replacing coal as an energy source.

 

The future at Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) is powerful, and the company is poised to make a significant impact on climate change. With a dedicated team focused on making a difference, Dragonfly Energy has the potential to change the course of the planet and usher in a new era of clean, renewable energy. (19)

Meet the Visionary Leaders: Introducing the Management Team Behind Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) (5)

Dr. Denis Phares

Dr. Denis Phares leads with a passion for making the planet more sustainable. As the President and Chief Executive Officer of Dragonfly Energy Corp., he focuses on developing revolutionary technologies that will change the way we store and harness renewable energy. As a visionary leader, Phares has helped grow Dragonfly Energy and its consumer brand, Battle Born Batteries, into one of the leading Li-Ion products on the market while also leading a world class R&D team in the advancement of groundbreaking technologies and manufacturing processes. After establishing himself as a tenured professor of Aerospace & Mechanical Engineering at the University of Southern California, Phares left academia to found Dragonfly Energy in 2012. With three decades of extensive experience in the fields of Energy, Nanotechnology, Fluid Mechanics, and Powder Processing, Phares has positioned himself as a leading expert in Green Energy Storage and has spent the last 15 years focused on advancing lithium-ion battery technology. He holds a number of patents, some of which are key in fundamental battery cell manufacturing. Phares received a B.S. in Physics from Villanova University, an M.S. and Ph.D. in Environmental Engineering Science from California Institute of Technology, and an MBA from the University of Nevada, Reno.

DFE Headshot - John Marchetti

John Marchetti

John Marchetti is the Chief Financial Officer of Dragonfly Energy Corp. and leads the corporate finance and investor relations of the company. Bringing over 20 years of experience in the technology and financial services industries, John Marchetti serves as a key member of the leadership team of Dragonfly Energy. Prior to joining Dragonfly Energy, Marchetti was most recently a Managing Director and senior research analyst at Stifel, focused on applied technologies, including advanced battery technologies. He previously served as the Chief Strategy Officer of Fabrinet, where Marchetti enabled growth and diversification through innovative go-to-market strategies and developed effective investor relations, as well as also served as a Senior Equity Analyst at Cowen & Co. and Morgan Stanley. As CFO of Dragonfly Energy, Marchetti focuses on the data and financials that will ultimately lead the company into future successful markets and opportunities.

DFE Headshot - Wade Seaburg

Wade Seaburg

As the Chief Revenue Officer, Wade Seaburg leads Dragonfly Energy’s sales, business development and revenue growth & diversification efforts. Wade’s career and long-term success in business progression and B2B sales originated from his education at Purdue University where he earned a B.S. in Industrial Engineering and then through Eaton Corporation (ETN) where Seaburg completed their distinguished Technical Sales Training Program. Following 12 years as a Senior Account Representative within the WESCO (WCC) Distribution Manufactured Structures Division, Wade began his 5-year career as Founder and President at Structure Sales, a company focused on representing industry-leading suppliers to OEMs in the RV and Marine markets. Working as both a lead and co-inventor, Wade acquired three patents with the company. Wade began contract work with Dragonfly Energy in 2018 prior to fully joining the company as a Director of Outside Sales and Business Development in 2021, and now serving as Chief Revenue Officer of the company. During his time with Dragonfly Energy, Seaburg has helped grow the company’s OEM business and relationships exponentially, including being instrumental in successfully getting the company recognized as a "Five Rivet Supplier" with the iconic brand - Airstream RV. His work and strong B2B relationships also propelled the growth of the partnership between Dragonfly Energy and Keystone RV—where the two companies transformed the way an entire industry looked at battery power for RVs. Wade continues to prove Dragonfly’s ability to successfully serve high-volume OEM in various markets. Seaburg’s diverse skillset has led him to continually gain clear understanding of needs across industries and then to reach productive resolutions for all parties involved, including valued customers and stakeholders. As a valued leader, Wade has built a talented and experienced team around him at Dragonfly Energy as he continues to develop integral business relationships and new opportunities.

DFE Headshot - Nicole Harvey

Nicole Harvey

Ms. Harvey serves as Dragonfly’s Chief Legal Officer, Compliance Officer and Corporate Secretary. In those roles she oversees corporate law, corporate governance, government relations, intellectual property, risk management, and regulatory compliance for the organization. Ms. Harvey crafted her practice as an associate at Jones Vargas, and then as the principle and managing attorney of Harvey Law Firm, a Nevada boutique. She served as senior counsel for Corix Group of Companies as well as regulatory compliance manager for Harley-Davidson Financial Services. Nicole earned a bachelor’s degree in economics from the University of Nevada, Reno, and her Juris Doctorate at Arizona State University Sandra Day O’Connor College of Law (Order of Barristers) and is licensed to practice in Nevada. She is a Certified Regulatory Compliance Manager through the American Bankers Association. Ms. Harvey is involved in her local community, having served as acting facilitator for 3 Degrees Networking, director of Disability Resources, program director of Nevada Council of the Society for Human Resources Management, committee member of Nevada System of Higher Education Chancellor’s Diversity Roundtable, and chair of Northern Nevada Human Resources Association for the Carson area. Ms. Harvey is a frequent speaker on numerous topics, including human resources and employment law, regulatory compliance, and constitutional law. She is the author of “I Hope You Die Laughing: A Beginner’s Guide to Estate Planning” and is the fourth generation of her family to call northern Nevada home. She enjoys the outdoors, the history and culture of Nevada.

DFE Headshot - Tyler Bourns

Tyler Bourns

Chief Marketing Officer, Tyler Bourns, leads the creative charge at Dragonfly Energy. With over 15 years spent producing story-rich, award-winning content for global brands, Tyler has received much recognition throughout his career. Today, he draws on his deep reserves of hands-on knowledge to push the envelope of strategic marketing at Dragonfly Energy. Tyler’s segue into full-time marketing is preceded by outstanding work in content creation with a strong focus on powerful storytelling and authenticity. His experience in video production and marketing extends over 12 years with the ownership and operation of the successful and award-winning video production company Bourns Productions Inc. In 2018 he was awarded the AAF Reno Ad Person of the Year alongside the region’s most respected advertising leaders. A three-time Emmy Award Winner, he has produced and filmed thought-leading content for Panasonic, GE Energy and Terrasmart, among many others. Tyler is no stranger to an international audience; he went on to produce an extensive library of video and photo content for the legendary rock band Whitesnake. In addition, he produced, wrote and directed an internationally distributed feature film, “Desert Shadows,” starring Mitch Pillegi (X-Files, Sons of Anarchy) and produced several worldwide acclaimed short films, two of which screened at the prestigious Cannes Film Festival. His role as Director of Photography on many of these film projects has helped develop his bold and thorough eye for big ideas and strong narratives. Community service has always been important to Tyler. He served on the Under30CEO Board of Directors in Reno for two years, encouraging, collaborating and training young business leaders in the community. Tyler has also served on the Board of Directors for the Cordillera International Film Festival since its inception in 2018. This festival secured its status as a FilmFreeway Top 100 Film Festival, a rare achievement for a festival less than five years old at the time. For over 6 years, through his video production company, Bourns Productions, Tyler helped Dragonfly Energy’s Battle Born Batteries brand grow to be one of the most respected and popular Deep Cycle Lithium-ion products on the market today. In 2021, Tyler joined Dragonfly Energy full time. Drawing on his hard-earned wealth of on-the-ground insight in production, Tyler strives to apply the same narrative-driven approach to marketing that brought him both recognition and fulfillment in the world of content creation. Steered by a strategy of creative authenticity, he brings a dynamic, experience-informed leadership style to Dragonfly Energy.

Analyst Initiates Coverage with a Target Indicating 288% in Upside Potential For This Little-Known Energy Storage Player… (25)

With an earnings announcement coming soon, 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)

7 Reasons why Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) Could be Poised for Significant Upside Potential Ahead of 2024.

Upside Potential:

According to Barchart.com, Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) has a 52-week low of $2.61 and 52-week high of $28.75.

After bouncing off of its 52-week low of $2.61 on 3/17/2023, could Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) demonstrate the potential for a 1,001.53% move back to its 52-week high of $28.75 while creating a strong research opportunity for readers? A 1,001.53% move is not expected but the potential needs to be noted. (1)

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 $4.10 on 3/27/2023, indicating a potential upside of approximately 265.85% if the stock reaches the target of $15.

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. (3)

This concentrated ownership may suggest confidence in the company's prospects by those with deep knowledge of its operations.

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)

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)

Robust Intellectual Property:

Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) has developed and filed patent applications on commercially relevant aspects of their business, including chemical composition systems and production processes.

To date, they have processed 24 issued patents, with an additional 20 patent applications pending, in the United States, China, Europe, Australia, Canada, and other regions. (4)

Diverse Market Focus:

Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) manufactures and supplies deep-cycle lithium-ion batteries for various applications, including recreational vehicles, marine vessels, and off-grid installations.

This diverse market focus provides multiple revenue streams and growth opportunities. (4)

Addressing Grid Storage Challenges:

Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) is working to revolutionize grid storage with its non-flammable solid-state battery technology,

which is crucial for grid stability and resilience in a world increasingly reliant on renewables. (4)

Analyst Coverage:

Recently, Craig Irwin from Roth MKM initiated coverage on Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) with a target of $4.00, as reported by Benzinga.com. (25) From a 52-week low of $1.03 established on 10/26/2023, this target indicates upside potential of over 288%. (1)

Inclusion in Russell 2000® Index:

Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) celebrated its inclusion in the Russell 2000® Index, further solidifying its presence in the industry. Once a year, the index goes through a process known as reconstitution, where companies are added or removed based on their current market cap, and (DFLI) has officially been included. (22)(24)

High Insider Ownership:

Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) has less than 23 million shares in its float with insiders owning approximately 61.65% of shares as of 10/26/2023. (3) This concentrated ownership may suggest confidence in the company's prospects by those with deep knowledge of its operations.

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)

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)

Robust Intellectual Property:

Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) has developed and filed patent applications on commercially relevant aspects of their business, including chemical composition systems and production processes. To date, they have processed 24 issued patents, with an additional 20 patent applications pending, in the United States, China, Europe, Australia, Canada, and other regions. (4)

Diverse Market Focus:

Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) manufactures and supplies deep-cycle lithium-ion batteries for various applications, including recreational vehicles, marine vessels, and off-grid installations. This diverse market focus provides multiple revenue streams and growth opportunities. (4)

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 3: https://finviz.com/quote.ashx?t=DFLI&p=d
Source 4: https://www.sec.gov/ix?doc=/Archives/edgar/data/1847986/000110465922110688/dfli-20220630xs1.htm
Source 5: https://dragonflyenergy.com/about-us/#team
Source 6: https://waya.media/wp-content/uploads/sites/3/2023/01/UAE-1.jpg
Source 7: https://www.powermag.com/new-technologies-new-sites-supporting-growth-of-energy-storage/
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/
Source 10: https://schrts.co/aeyDZtKASource 11: https://www.benzinga.com/news/22/11/29782274/chardan-capital-initiates-coverage-on-dragonfly-energy-hldgs-with-buy-rating-announces-price-target
Source 12: https://www.sofi.com/learn/content/understanding-low-float-stocks/
Source 13: https://www.youtube.com/watch?v=0IyGdITtMqE
Source 14: https://www.youtube.com/watch?v=-NfiWXMAEeA&t=129s
Source 15: https://www.youtube.com/watch?v=TLrufQ_2vL0&t=232s
Source 16: https://www.youtube.com/watch?v=QHndyhbAqtQ
Source 17: https://www.youtube.com/watch?v=V3t7HXDzHYI
Source 18: https://www.youtube.com/watch?v=6LELAR2vVQQ
Source 19: https://www.youtube.com/watch?v=goO1tWFhmDE
Source 20: https://energysectorreport.com/wp-content/uploads/sites/33/2023/03/2022.11.17_Stifel_Initiating-coverage-of-Dragonfly-Energy-with-a-Buy-rating-and-12-target-price-1.pdf
Source 21: https://www.mining.com/value-of-battery-metals-in-newly-sold-evs-tripled-on-rampant-lithium-nickel-prices/
Source 22: https://finance.yahoo.com/news/dragonfly-energy-reports-second-quarter-201000647.html
Source 23: https://dragonflyenergy.com/wp-content/uploads/2023/04/Dragonfly_RD_Lab_PulledStills_April2022-3545.jpg
Source 24: https://www.bankrate.com/investing/what-is-russell-2000/

Source 25: https://www.benzinga.com/analyst-stock-ratings/analyst/5909e5c2290fa700012c0331/craig-irwin

Source 26: https://finance.yahoo.com/news/dragonfly-energy-report-third-quarter-113000373.html

Source 27: https://www.investopedia.com/ask/answers/121214/what-are-best-indicators-identify-overbought-and-oversold-stocks.asp

Source 28: https://finance.yahoo.com/news/long-haul-trucks-getting-electric-130000730.html

Source 29: https://rmi.org/wp-content/uploads/2022/08/electric-truck-charging-iStock-1343828231.jpg

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