Dragonfly Energy price target lowered to $1 from $3 at Roth Capital

Roth Capital lowered the firm’s price target on Dragonfly Energy (DFLI) to $1 from $3 and keeps a Buy rating on the shares post the Q2 report. The firm believes the challenges in the company’s core market are well known and sees a gradual recovery starting next year. The shares are pricing in little value to Dragonfly’s dry deposition technology, the analyst tells investors in a research note.