Dragonfly Energy price target lowered to $5 from $15 at Roth Capital

Roth Capital lowered the firm’s price target on Dragonfly Energy (DFLI) to $5 from $15 and keeps a Buy rating on the shares. Model updates reflect ongoing demand softness, though recent capital raises, debt restructuring, and cost actions provide runway toward profitability through gradual recovery in core RV demand and expansion in C&I markets, the analyst tells investors in a research note. Future development of the company’s dry electrode technology, viewed as underappreciated by investors, remains a key source of longer-term upside, Roth says.