Roth/MKM Assumes Dragonfly Energy Corp. (DFLI) at Buy

Roth/MKM analyst Chip Moore assumes coverage on Dragonfly Energy Corp. (NASDAQ: DFLI) with a Buy rating and a price target of $0.90.

The analyst comments "Effective with this report, we are transferring coverage of DFLI to Chip Moore with a Buy rating and $0.90 PT. We believe challenges in the company’s core market are appropriately priced here, while anticipating a gradual recovery next year. At the same time, we see attractive opportunities emerging in adjacent niche energy storage areas (auxiliary power for trucks, marine, offgrid, etc.) that could help drive upside. We also believe DFLI’s dry deposition technology is being given little value, representing a source of longer-term upside potential."

For an analyst ratings summary and ratings history on Dragonfly Energy Corp. click here. For more ratings news on Dragonfly Energy Corp. click here.

Shares of Dragonfly Energy Corp. closed at $0.45 yesterday.

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