Dragonfly Energy Stock Soars 76% on Nevada Funding, RV Deal
State tech hub funding and an expanded partnership with Ember Recreational Vehicles fuel investor optimism in the battery manufacturer.
Shares of Dragonfly Energy (DFLI) skyrocketed over 76% in recent trading on exceptionally high volume, driven by a pair of strategic announcements that bolstered investor confidence in the battery technology firm.
The rally was ignited after the company revealed it was , a state initiative designed to strengthen the domestic lithium battery supply chain. The award, expected to be approximately $300,000, is earmarked for modernizing Dragonfly’s manufacturing capabilities and supporting workforce development. The company plans to use the funds to pursue ISO 9001 certification and upgrade its battery production lines, which is anticipated to boost efficiency and create new high-skilled jobs in Nevada’s clean energy sector.
Adding to the positive momentum, Dragonfly announced an expanded partnership with Ember Recreational Vehicles. The company’s Battle Born Batteries will now be included as a standard feature in Ember's 2026 Overland Series, a significant step in and securing a stronger foothold in the growing recreational vehicle market.
Despite the positive catalysts, Dragonfly Energy has faced financial headwinds, including negative profit margins and liquidity constraints. However, the market's enthusiastic response to the recent news suggests a strong belief that the strategic funding and key partnerships could pave the way for improved profitability and operational efficiency. The developments highlight a pivotal moment for the company as it leverages state support and industry alliances to scale its operations. , the investment is aimed at long-term sustainable growth within the U.S. battery manufacturing landscape.