DPW Holdings stock soars as Coolisys’s EV charger can now be preordered on Amazon

/ / News

Shares of DPW Holdings Inc. rocketed 47% in very active premarket trading Thursday, after the diversified holding company said its Coolisys Technologies Corp. business has started accepting pre-orders on Amazon.com for its ACECool residential electric vehicle charger. Trading volume swelled to 12.5 million shares, compared with the full-day average of about 7 million shares. The Coolisys wall-mount charging system is compatible with all electric vehicles utilizing the SAE J1772 connector, including Tesla Inc. vehicles with SAE J1772 adapters. “We believe our EV charger product line is well positioned to address the expected rapid expansion of infrastructure required to support broad adoption of electric vehicles globally,” said Coolisys Chief Executive Amos Kohn. DPW shares have soared 88.7% over the past three months through Wednesday, while the S&P 500 has gained 9.2%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.