DPW Holdings Inc (DPW) is up 122.33% today after it announced it is launching a new product line of electric vehicle chargers. The new design is expected to produce a full charge for a 150 mile EV battery in just a little over 30 minutes. DPW Holdings’ power electronics business, Coolisys Technologies, is responsible for the new product line of EV batteries. Current estimates of the EV charging station market is that it will reach $27.7 billion by 2027 from its estimated $2.5 billion last year. Coolisys already provides connector standards for fast DC chargers that are used in Honda, Nissan, Toyota, Ford, BMW, Jaguar, Volkswagen, Tesla, and other vehicle brands.
DPW stock is down -36.39% over the last 12 months, and the average rating from Wall Street analysts is a Strong Sell. InvestorsObserver’s proprietary scoring system, gives DPW stock a score of 32 out of a possible 100.
That score is influenced by a fundamental score of 0. DPW’s score also includes a short-term technical score of 38. The long-term technical score for DPW is 59.
What’s Happening with DPW Stock Today
DPW Holdings Inc (DPW) stock has risen 122.33% while the S&P 500 has gained 0.13% as of 9:33 AM on Monday, Jul 20. DPW has gained $2.52 from the previous closing price of $2.06 on volume of 12,978,724 shares. Over the past year the S&P 500 is up 8.17% while DPW is down -36.39%. DPW lost -$16.66 per share in the over the last 12 months.
