Roth Capital reissued their buy rating on shares of Dragonfly Energy (NASDAQ:DFLI – Free Report) in a research report report published on Tuesday, Zacks.com reports. Roth Capital also issued estimates for Dragonfly Energy’s Q1 2024 earnings at ($0.16) EPS, Q2 2024 earnings at ($0.15) EPS, Q3 2024 earnings at ($0.13) EPS, Q4 2024 earnings at ($0.12) EPS, FY2024 earnings at ($0.56) EPS and FY2025 earnings at ($0.44) EPS.
A number of other research analysts also recently weighed in on DFLI. Roth Mkm reiterated a buy rating and issued a $0.90 price objective on shares of Dragonfly Energy in a research report on Tuesday. Chardan Capital reaffirmed a buy rating and set a $3.00 price objective on shares of Dragonfly Energy in a research note on Tuesday.
Check Out Our Latest Report on Dragonfly Energy
Dragonfly Energy Price Performance
Hedge Funds Weigh In On Dragonfly Energy
Several institutional investors and hedge funds have recently bought and sold shares of DFLI. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Dragonfly Energy during the 3rd quarter worth approximately $32,000. Allspring Global Investments Holdings LLC purchased a new position in shares of Dragonfly Energy in the 3rd quarter valued at $34,000. Nuveen Asset Management LLC grew its position in Dragonfly Energy by 68.0% during the 4th quarter. Nuveen Asset Management LLC now owns 64,391 shares of the company’s stock worth $35,000 after purchasing an additional 26,068 shares during the last quarter. UBS Group AG grew its position in Dragonfly Energy by 191.4% during the 3rd quarter. UBS Group AG now owns 25,490 shares of the company’s stock worth $39,000 after purchasing an additional 16,743 shares during the last quarter. Finally, Northern Trust Corp grew its position in Dragonfly Energy by 119.0% during the 2nd quarter. Northern Trust Corp now owns 27,351 shares of the company’s stock worth $40,000 after purchasing an additional 14,864 shares during the last quarter. 8.19% of the stock is currently owned by institutional investors and hedge funds.
About Dragonfly Energy
Dragonfly Energy Holdings Corp. manufactures and supplies deep cycle lithium-ion batteries for recreational vehicles, marine vessels, off-grid installations, and other storage applications. The company also provides lithium power systems, including solar panels, chargers and inverters, system monitoring, alternator regulators, and accessories.
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