Dragonfly Energy price target lowered to $3 from $6 at Roth Capital

Roth Capital lowered the firm’s price target on Dragonfly Energy (DFLI) to $3 from $6 and keeps a Buy rating on the shares after its Q1 results. The firm believes that the company’s challenges in the company’s core market are appropriately priced, while anticipating a gradual recovery starting this year, the analyst tells investors in a research note. Roth adds that it sees attractive opportunities for Dragonfly making tangible progress in adjacent niche energy storage areas.