"When we show customers the benefits of lithium-ion as an economically viable advanced form of energy, there is a strong demand to replace lead acid batteries," Dutt said. However, we still have steady demand for lithium-ion energy storage solutions that continue to grow among our customers, and we continue to build relationships and add new, large-company customers." In response to Davis' consideration of which industries are making an energy transition away from lead acid batteries, Dutt said equipment handling, notably in airport equipment, continues to primarily rely on lead acid batteries. "Our customers are seeing supply chain shortages and increased prices for shipping and steel abate, which may have impacted their ability to replace material handling equipment. "Our business has continued unabated due to the strong demand in migration from lead acid to lithium-ion," said Dutt. Its growth, providing sustainable energy products to replace the lead acid battery packs used to power industrial and commercial equipment, has sustained through market uncertainty, with the Company in the last quarter alone adding two new large fleet customers. The Company has led in the design, manufacture, and sales of lithium battery packs for forklifts, airport equipment and more since 2009. Flux CEO Ron Dutt joined Stock Day host Kevin Davis for an overview of the trends and issues behind a Company achieving 19 consecutive quarters of year-over-year growth providing cleaner energy solutions to power some of the largest fleets of material handling, airport ground support equipment, and stationary energy storage. (NASDAQ: FLUX) ("the Company"), a company that could see revenues swell towards $70 million as more Fortune 500 customers integrate its lithium-ion energy storage solutions for electrification across a range of industrial commercial applications. May 31, 2023) - The Stock Day Podcast welcomed Flux Power Holdings, Inc. Discusses Significant Revenue, Customer Growth with The Stock Day Podcast Note: The Weighted Alpha is limited in the amount it may change from one day to the next, thus eliminating large price jumps from the calculation.Flux Power Holdings, Inc. A stock whose price has not changed in the period will have a small Weighted Alpha and a stock whose price has dropped over the period will have a negative Weighted Alpha. Thus the weighted alpha is a measure of one year growth with an emphasis on the most recent price activity.Ī stock whose price has risen over the one-year period will have a positive Weighted Alpha. The original research was restricted to large cap stocks, so the corresponding rise in the S&P 500 index was subtracted however, as there are a number of interesting stocks that do not fit well into any category, and others that fit into more than one category, the results are presented without subtracting any index.ī takes this Alpha (measure of how much a stock has changed in the one-year period) and weights this, assigning more weight to recent activity, and less (0.5 factor) to activity at the beginning of the period. Weighted Alpha is a measure of how much a stock has risen or fallen over a one-year period. In the table, you'll find all the components (individual stock symbols) found in that sector, ranking them by their Weighted Alpha (a rating of growth patterns in a one-year period). The Competitors page allows you to view information for other symbols found in the same sector.
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