Deere Stock Drops 3.16% Amid Energy Storage Expansion

On April 3, 2025, Deere's stock experienced a 3.16% drop in pre-market trading.

Deere's stock has been influenced by recent developments in its business operations. The company's subsidiary, GanSu Deere Energy Storage New Materials Co., Ltd., has announced a new tender project named "GanSu Deere Energy Storage New Materials Co., Ltd. 100,000-ton Molten Salt Project" with a budget of 40,000 yuan. This project is part of Deere's broader strategy to expand its presence in the energy storage sector, which could have implications for its stock performance.

Additionally, Deere's stock has shown a "refueling in the air" pattern, which is a technical indicator suggesting a potential continuation of the stock's upward trend after a brief consolidation period. This pattern is characterized by a temporary pullback followed by a resumption of the upward trend, indicating strong buying pressure. However, investors should be cautious as this pattern is not foolproof and can be influenced by market sentiment and other factors.