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Benzinga
Benzinga
Business
Kaustubh Bagalkote

Dragonfly Energy Sees Over 10% Decline As New Smart Lithium Batteries Launch Amid Black Friday Event

Dragonfly Energy Black Friday (Topic) lithium

Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) saw a significant drop of 10.71% in its stock price on Tuesday, closing at $3.50. After-hours trading showed a further decline of 4.57%.

What Happened: This comes despite the company announcing the release of its new Battle Born smart lithium batteries with Dragonfly IntelLigence technology.

The launch coincides with the Black Friday sales event, offering discounted prices through Cyber Monday. Dragonfly Energy’s batteries feature advanced monitoring capabilities, providing real-time data and alerts for enhanced system performance and compliance with industry standards.

DFLI is down 34.33% year-to-date, according to data from Benzinga Pro.

Read Next:

Image via Shutterstock

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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