Dragonfly Energy price target raised to $1.50 from $1 at Roth Capital

Roth Capital raised the firm’s price target on Dragonfly Energy (DFLI) to $1.50 from $1 and keeps a Buy rating on the shares. The company’s recent capital fundraising and debt restructuring provide a path to profitability, the analyst tells investors in a research note. The firm believes development of Dragonfly’s dry electrode technology is being underappreciated by investors.