Why Did Dragonfly Energy Soar 74.72%?

On August 15, 2025, Dragonfly Energy's stock surged by 74.72% in pre-market trading, marking a significant rise in its share price.

Dragonfly Energy reported a 23% year-over-year increase in net sales for the second quarter of 2025, reaching $16.2 million. This growth was driven by a substantial increase in the original equipment manufacturer (OEM) segment, which saw a year-over-year increase of over 50%. The company's CEO, Denis Phares, highlighted that this marks the third consecutive quarter of year-over-year revenue growth, indicating a strong recovery trend that began in the fourth quarter of the previous year.

Despite the revenue growth, Dragonfly Energy remains unprofitable. The company's financial restructuring and margin improvements have not yet translated into profitability. The company's liquidity stress and significant financing activity have raised concerns about its financial stability, with management disclosing substantial doubt about the company's ability to continue as a going concern.

Analysts have a generally positive outlook on Dragonfly Energy, with 90% of analysts recommending a buy rating. The average share price target is $2.25, representing a potential upside of 765.38% from the current price. However, technical analysis indicators suggest that the stock is currently not in a favorable trading position.