AwesomeStocks Donât want emails from us anymore? Click [here]( to unsubscribe. Hello! New Alert: Dragonfly Energy Holdings Corp. (NASDAQ: DFLI) DFLI is our new NASDAQ high volatility alert. DFLI experienced a remarkable rally since April, rallying from 0.45 to a high of 1.46, gains of 224%. Since this break out, the company has consolidated some of those gains, closing yesterday at 1.06. In the event that DFLI holds above its 200 day moving average of 0.94, there exists potential for a bounce higher. This breakout has attracted lots of interest and could present further opportunity if the momentum continues. In addition, the company announced multiple accomplishments recently. DFLI is a NASDAQ listed âcomprehensive lithium battery technology companyâ. DFLI specializes in âcell manufacturing, battery pack assembly, and full system integrationâ. Through its ârenowned Battle Born Batteries® brand, Dragonfly Energy has established itself as a frontrunner in the lithium battery industry, with hundreds of thousands of reliable battery packs deployed in the field through top-tier OEMs and a diverse retail customer baseâ. Here is a recent headline from Bloomberg: âGlobal Energy Storage Market Records Biggest Jump Yetâ - âThe global energy storage market almost tripled in 2023, the largest year-on-year gain on record.â As the company further explains: âAt the forefront of domestic lithium battery cell production, Dragonfly Energyâs patented dry electrode manufacturing process can deliver chemistry-agnostic power solutions for a broad spectrum of applications, including energy storage systems, electric vehicles, and consumer electronics.â The company's overarching âmission is the future deployment of its proprietary, nonflammable, all-solid-state battery cellsâ. DFLI has â90+ Granted, Filed & Pending Patentsâ. The companyâs âBattle Born Batteries® have established a significant presence in the market, particularly within the RV industry.â âMarket Penetration: With over 11 million RV-owning households in the U.S. (2), this equates to approximately 1 in every 10 American households owning an RV; providing significant exposure to the Battle Born Batteries® brand.â In addition, the company is âRapidly Expanding Into New Marketsâ. Over the past few months, the company has announced multiple accomplishments. In April, the company announced: âDragonfly Energyâs Domestic Battery Manufacturing Validated for Cost Effectiveness and Sustainabilityâ Here are the highlights from this press release: - âResults of a Cost & Sustainability Assessment, conducted by Sphere Energy, concludes Dragonfly Energyâs patented dry electrode battery manufacturing process is easily scalable, more cost-effective, and more sustainable than the state-of-the-art technology currently available in the market.â
- âThe assessment of Dragonfly Energyâs patented battery manufacturing process highlights significant improvements compared to conventional manufacturing methods:â
- âNo toxic NMP solvent requiredâ
- â22% smaller factory area requirementsâ
- â25% less energy intense production processâ
- â9% reduced carbon footprint for total cell manufacturingâ
- â~5% savings on process-related costsâ - âDragonfly Energyâs battery manufacturing process is chemistry agnostic, enabling the Company to provide batteries across a variety of chemistries and provide cost-effective battery solutions for electric vehicles, consumer electronics, energy storage, and other markets.â Here are some of the companyâs comments from this press release: âThe findings from the Sphere Energy Cost & Sustainability Assessment support expectations that our innovative dry electrode process results in significant energy and cost efficiencies while promoting environmental sustainability,â Dr. Denis Phares, Chief Executive Officer of Dragonfly Energy, said. "Through extensive research and development, we believe Dragonfly Energy is positioned to deliver a transformative cell manufacturing technology, which has the potential to fundamentally reshape the lithium-ion battery industry's approach to viable energy storage solutions. We believe this focus on domestic innovation is paramount for the US to achieve self-sufficiency in battery production. A scalable, cost-competitive, and environmentally responsible energy storage solution is critical, and the Sphere Energy data reinforces and validates our progress towards this critical goal of North American battery cell manufacturing independence." In addition, the company also announced: âDragonfly Energy Reports Fourth Quarter 2023 and Full Year Financial Resultsâ Here are the highlights from this press release: - âSuccessful diversification of revenue underway, with launch in Q4 2023 of all-electric auxiliary power units (âAPUâ) to the trucking industry; Enables compliance with increasing anti-idling regulations, reduction in fuel costs, increased uptime and payloads, and the reduction of harmful emissionsâ
- âIn Q4 2023, achieved successful deposition of cathode electrodes, and double-sided dry deposition of both anode and cathode electrodes, at scale, using the Companyâs patented dry electrode battery manufacturing processâ
- âContinued expansion of recreational vehicle market share, with OGV Luxury Coach, a division of Forest River Inc., to provide Battle Born lithium batteries as standard equipment on all OGV unitsâ Two weeks ago, the company announced: âDragonfly Energy Named Business of the Year at Nevada Business Awardsâ Here are some of the companyâs comments from this press release: âItâs an honor to receive this award and be named among the standout Nevada businesses that have come before us,â Dr. Denis Phares, Dragonfly Energy CEO, said. âWe founded Dragonfly Energy in Nevada for many practical reasons, but also because we saw a welcoming and supportive business community here that has been essential to our success and growth. We look forward to the ongoing collaboration with Nevada leaders and businesses and to continuing to foster the growth of the lithium economy in Nevada and the U.S.â In addition, the company also announced: âDragonfly Energy Announces Breakthrough in Lithium Battery Production: Eliminating Harmful âForever Chemicalsââ Here are the highlights from this press release: - âConcerned about âForever Chemicals,â also known as PFAS (per- and polyfluoroalkyl substances), due to their environmental persistence and potential health risks, the European Union (EU) and US Environmental Protection Agency (EPA) are proposing restrictions on their use. This will greatly impact the lithium battery industry, as PFAS are commonly used in electrode production.â
- âUsing their proprietary dry electrode battery manufacturing process, Dragonfly Energy has successfully produced lithium battery cells with PFAS-free electrodes. This positions the Company well to capitalize on market shifts towards sustainable alternatives, as regulations potentially come into effect.â
- âDragonfly Energy's scalable cell manufacturing process is available for global licensing and joint development opportunities, positioning them for international partnerships.â Most recently, last week, the company announced: âDragonfly Energy Reports First Quarter 2024 Financial and Operational Resultsâ Here are some of the highlights from this press release: - âDragonfly Energy has continued its expansion into the trucking industry, taking new orders for both its Battle Born® All-Electric APUs and Battle Born® Liftgate Power Systems from fleet operators since the beginning of 2024.â
- âThe Company is announcing certification of its energy storage products for use in oil & gas operations in North America, and identification of first customer within the sector.â
- âThe Company anticipates a continuing recovery in the RV market throughout 2024, which is expected to benefit the OEM business line, particularly with ongoing market share growth.â Make sure to do your own due diligence. Sources: [Bloomberg]( [Presentation]( [PR1]( [PR2]( [PR3]( [PR4]( [PR5]( [PR6]( [Website]( [Chart]( Happy Trading! AwesomeStocks Note: We encourage all traders and investors to develop personal trading rules that you can follow and that work for you. Always protect your downside and note that we alert extremely volatile short-term opportunities. Before investing in securities, you should always consult with your financial, tax and legal advisor and never invest money you cannot afford to lose. DISCLAIMER You should read and understand this disclaimer in its entirety before joining the website or email/blog list of AwesomeStocks.com (the âPublisherâ). 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