‘More than just an investment’
Investors are betting on the power of cleaner energy.
Lithium-ion battery manufacturer Dragonfly Energy’s stock surged nearly 79% in a matter of hours in early October after the company secured a $300,000 grant, showing how even modest funding can spark major investor confidence in cleaner energy companies. In the span of three weeks, the stock’s price went from $0.28 to a high of $1.97 per share before tapering off, down to $0.90 as of press time but still about three times where it had been on Sept. 22.
The funding comes from the Nevada Tech Hub Funding Program, which aims to support renewable-energy manufacturing in the state.
According to Parameter, the grant will allow the company to upgrade its nearly…
