Tritium DCFC (NASDAQ:DCFC) Receives New Coverage from Analysts at B. Riley

Posted by on Jun 17th, 2022

Analysts at B. Riley initiated coverage on shares of Tritium DCFC (NASDAQ:DCFC – Get Rating) in a research report issued on Friday, The Fly reports. The firm set a “buy” rating and a $12.00 price target on the stock. B. Riley’s price target would suggest a potential upside of 107.97% from the stock’s previous close.

DCFC has been the subject of a number of other research reports. Capital One Financial initiated coverage on Tritium DCFC in a research report on Friday, May 13th. They set an “overweight” rating and a $14.00 price objective for the company. Raymond James lifted their price objective on Tritium DCFC from $10.00 to $11.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 5th.

Tritium DCFC stock opened at $5.77 on Friday. The stock’s 50-day moving average is $8.39. Tritium DCFC has a 52 week low of $5.72 and a 52 week high of $19.75.

Large investors have recently modified their holdings of the business. Advisor Group Holdings Inc. acquired a new position in shares of Tritium DCFC in the 1st quarter valued at about $30,000. Penserra Capital Management LLC acquired a new position in shares of Tritium DCFC in the 1st quarter valued at about $89,000. Wolverine Asset Management LLC acquired a new position in shares of Tritium DCFC in the 1st quarter valued at about $132,000. JPMorgan Chase & Co. acquired a new position in shares of Tritium DCFC in the 1st quarter valued at about $189,000. Finally, Clear Sky Advisers LLC acquired a new position in shares of Tritium DCFC in the 1st quarter valued at about $211,000. 48.45% of the stock is currently owned by hedge funds and other institutional investors.

Tritium DCFC Company Profile (Get Rating)

Tritium DCFC Limited designs, manufactures, and supplies direct current chargers for electric vehicles in the United States, North America, Europe, the Middle East, and the Asia Pacific. The company's charging station hardware portfolio includes various standalone chargers, such as 50, 75, 175, and 350-kilowatt chargers.

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