Key Highlights

  • The stock was up 9.45% to USD 1.99 in pre-market trading on November 3, 2026.
  • The implied Monday close was about USD 1.82 (calculated from the screen move).
  • A 1-for-8 Reverse Stock Split took effect on October 12, 2026 to address Nasdaq's minimum bid price rule.
  • Second quarter 2026 net sales were USD 13.2 million, reported on August 6, 2026.
  • No company announcement dated November 2 or November 3, 2026 was identified.

What is lifting the shares before the opening bell (up USD 0.1718, 9.45%)

Dragonfly Energy (NASDAQ:DFLI) was up 9.45% to USD 1.99 in pre-market trading on November 3, 2026. Working back from that figure, the Monday November 2, 2026 close was about USD 1.82 (calculated).

Market data showed a 52-week range of USD 2.34 to USD 109.60 as of the October 23, 2026 close, a span that reflects reverse-split adjustments as well as heavy selling.

Was there a catalyst

Searches of company press releases and regulatory filings dated October 30 to November 3, 2026 did not identify a new announcement explaining the move. The most recent corporate action found was the reverse split, so this article does not attribute the pre-market gain to a specific event.

Low-priced stocks that have recently been consolidated often swing sharply on small volume. A bounce of this size may simply reflect short-term trading after weeks of declines, though that is an inference rather than a confirmed cause.

Business and recent updates

The company makes deep-cycle lithium-ion batteries for recreational vehicles, marine vessels, solar and off-grid homes, and industrial and energy storage uses. It reports two segments, direct-to-consumer and original equipment manufacturers, and also sells related power system components.

On August 6, 2026, the company reported second quarter net sales of USD 13.2 million, with improved adjusted EBITDA attributed to cost actions and initial heavy-duty trucking revenue. Management said softness in the recreational vehicle market persists, while trucking and industrial markets show growth potential.

On July 31, 2026, it announced the Acquisition of Dakota Lithium assets, with accretion to adjusted EBITDA expected to begin in the fourth quarter of 2026.

Balance sheet and risks

For the full year 2025, the company reported Revenue of USD 58.63 million, up 15.77%, alongside a net loss of USD 70.81 million, according to market data. The October 12, 2026 split of 1-for-8 was aimed at lifting the closing bid above USD 1.00 under Nasdaq Listing Rule 5550(a)(2).

At a price below USD 5, this is a penny stock, and such shares carry heightened volatility, thin Liquidity and dilution risk.

What to watch next

Investors will look for the third quarter 2026 results, which should show whether the Dakota Lithium Assets and trucking sales are offsetting weak recreational vehicle demand. Any Nasdaq notice, financing or further Trading halt would also be material.

The regular session on November 3, 2026 will show whether the pre-market gain holds above USD 1.82 or fades.