NOVONIX shares rise 14.45% after-hours as institutional position change and technical breakout drive rally.

NOVONIX surged 14.45% in after-hours trading following a combination of institutional investor activity and operational progress. The stock’s rally was primarily driven by a reported institutional position change, which triggered a 15-million-share trading volume spike—triple the prior week’s average—and a technical breakout above key resistance levels. Concurrently, the company announced achieving critical milestones in its U.S. anode material production, signaling a pathway to profitability and attracting renewed sector interest. These developments, coupled with broader market optimism for battery material firms with operational traction in North America, reinforced the upward momentum. The surge aligns with recent news of a $30 million investment agreement with LG Energy Solution and a joint venture to expand into the MENA region, though those events occurred earlier in the year.