Why Dragonfly Energy Shares Are Falling Today
Portfolio Pulse from Nabaparna Bhattacharya
Dragonfly Energy Holdings Corp (NASDAQ:DFLI) launched a new Certified Dealer Program for its Battle Born Batteries brand, aiming to strengthen customer experience with trusted dealers and installers across the U.S. The company recently raised $20 million via a common stock offering.
June 21, 2023 | 1:26 pm
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NEGATIVE IMPACT
Dragonfly Energy's new Certified Dealer Program may improve customer experience, but shares are trading lower by 46.2% to $1.50 in the premarket session.
The launch of the Certified Dealer Program is aimed at improving customer experience and expanding the reach of Dragonfly Energy's Battle Born Batteries brand. However, despite the positive news, the stock is trading lower by 46.2% in the premarket session, indicating a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100