Dragonfly Energy assumed with a Buy at Roth MKM

Roth MKM analyst Chip Moore assumed coverage of Dragonfly Energy with a Buy rating and 90c price target. The challenges in the company’s core market are appropriately priced here, and the firm is anticipating a gradual recovery next year, the analyst tells investors in a research note. Roth MKM adds that it sees attractive opportunities emerging in Dragonfly’s adjacent niche energy storage areas – auxiliary power for trucks, marine, off-grid, etc. – that could help drive upside for the company.