Chardan Capital reissued their buy rating on shares of Dragonfly Energy (NASDAQ:DFLI – Free Report) in a report issued on Tuesday morning, Benzinga reports. Chardan Capital currently has a $3.00 target price on the stock.
Separately, Roth Mkm reissued a buy rating and issued a $0.90 price target on shares of Dragonfly Energy in a research note on Tuesday.
Read Our Latest Research Report on DFLI
Dragonfly Energy Price Performance
Institutional Trading of Dragonfly Energy
A number of hedge funds and other institutional investors have recently modified their holdings of DFLI. BlackRock Inc. increased its position in shares of Dragonfly Energy by 805.7% in the second quarter. BlackRock Inc. now owns 893,648 shares of the company’s stock valued at $1,323,000 after acquiring an additional 794,975 shares during the last quarter. KFG Wealth Management LLC increased its position in Dragonfly Energy by 174.3% during the first quarter. KFG Wealth Management LLC now owns 308,830 shares of the company’s stock worth $167,000 after buying an additional 196,230 shares during the last quarter. Geode Capital Management LLC increased its position in Dragonfly Energy by 233.4% during the second quarter. Geode Capital Management LLC now owns 255,710 shares of the company’s stock worth $378,000 after buying an additional 179,013 shares during the last quarter. Northern Trust Corp increased its position in Dragonfly Energy by 611.9% during the third quarter. Northern Trust Corp now owns 194,703 shares of the company’s stock worth $300,000 after buying an additional 167,352 shares during the last quarter. Finally, State Street Corp increased its position in Dragonfly Energy by 398.1% during the second quarter. State Street Corp now owns 181,817 shares of the company’s stock worth $269,000 after buying an additional 145,317 shares during the last quarter. Institutional investors and hedge funds own 8.19% of the company’s stock.
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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