Transitioning From Old To New: How Dragonfly Energy's Next-Gen Battery Production Could Benefit From Government Subsidies
Portfolio Pulse from Shivani Kumaresan
Chardan Research analyst Brian Dobson reiterated a Buy rating on Dragonfly Energy Holdings Corp (NASDAQ:DFLI) with a price target of $10. Dragonfly Energy has completed the pilot phase of a domestic production line for lithium-ion batteries, capable of producing 150 MWh of LiFePO4 battery cells per annum at 70 percent efficiency. The company's flexibility to construct solidstate batteries in the future and eligibility for government grants and subsidies are seen as positives. The company's technology is expected to disrupt legacy RV, maritime, and off-the-grid markets.
July 20, 2023 | 6:08 pm
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Dragonfly Energy's successful completion of a pilot phase for a lithium-ion battery production line and its potential to disrupt legacy markets could positively impact its stock. However, the stock is currently trading lower.
Dragonfly Energy's successful completion of a pilot phase for a lithium-ion battery production line and its potential to disrupt legacy markets are positive developments that could boost its stock. However, despite these developments, the stock is currently trading lower, which suggests that other factors may be influencing its price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100