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What Has Been Raising Ault Global (DPW) Stock Higher Premarket?

PLAN Stock

PLAN Stock

Ault Global Holdings Inc. shares were up 9.76% to trade at $3.26 in premarket session this morning. An Ault Global stock price of $2.97 closed Wednesday’s session down -9.17%. Over the past year, DPW stock has gained 347.69% but has lost -24.04% over the past week. DPW stock has shed -19.51% over the last three months, while it added 64.92% in the last six months. The pre-hours rise in DPW stock has been driven by a multimillion-dollar order received by its subsidiary.

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What was the purchase order for?

The Ault Global is a global holding company focused on acquiring disruptive technology and undervalued companies with a global impact. DPW provides a range of mission-critical products to a diverse range of industries through its wholly and majority-owned subsidiaries and strategic investments.

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Some of these sectors include defense/aerospace, automotive, telecommunications, industrial, telecommunications, textiles, and medical/biopharma. Additionally, a licensed lending subsidiary of DPW extends credit to select business entrepreneurs.

Coolisys Technologies, one of Ault Global’s power electronics businesses, has received a $10.5 million purchase order for 30,000 7kW home EV charging systems, as announced DPW in a press release today., and its patent firm Origin Micro (collectively, “iNet”) entered into the contract as a part of the buy-and-resell agreement with Coolisys for the residential chargers.

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Where will the charging system be used?

iNet anticipates that Coolisys will sell accessories to the residential charging EV systems in the amount of $1.5 million in conjunction with fulfilling the purchase order. The charger has a 7kW charging capacity and is a wall mount system. The system runs on 208/240 volts and is compatible with the SAE J1772 connector for charging Tesla vehicles by adding an adapter.

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