Post by
Stockholder2008 on Sep 26, 2023 5:49pm
FLUX Flux Power
I have noticed that Flux Power has lost 18% in stock price in each of the last three days. They are in the materials handling battery business along with airport equipment batteries. I started looking around to see why the drop. I read an article that said sales last quarter were less than expected. They also reported a small loss for the year. Now I am wondering if Electrovaya is starting to take some of their expected sales ? It will be interesting to watch as Electrovaya has said they needed to increase their presence on the West coast.
Comment by
Stockholder2008 on Sep 27, 2023 11:45am
More likely though the drop in share price is associated with the $100M mixed shelf that Flux Power filed on Monday.
Comment by
Stockholder2008 on Oct 03, 2023 7:36pm
IF - - FluxPower and Electrovaya are talking to each other, I wonder what about. They are direct competitors. I am curious and want to know! What might be in the works? Not imediately but long term discussions.......
Comment by
Stockholder2008 on Oct 16, 2023 6:34am
Evidently FLUX was seeking a new battery cell, either purchase or lisence. It also appears that that attempt was not successful as they have made an agreement to Joint venture a new cell. https://www.bradfordera.com/news/50m-lithium-ion-battery-factory-proposed-for-philipsburg/article_3b4e33a4-ffe6-11ed-ba4a-dbca17b9cbf4.html