Tritium DCFC (NASDAQ:DCFC) Now Covered by Capital One Financial

Equities researchers at Capital One Financial began coverage on shares of Tritium DCFC (NASDAQ:DCFCGet Rating) in a research note issued to investors on Friday, Briefing.com reports. The brokerage set an “overweight” rating and a $14.00 price target on the stock. Capital One Financial‘s target price would suggest a potential upside of 83.01% from the stock’s current price.

Other analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of Tritium DCFC from a “buy” rating to a “hold” rating in a research report on Tuesday, March 8th. Raymond James raised their price objective on shares of 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 $7.65 on Friday. Tritium DCFC has a 52-week low of $6.42 and a 52-week high of $19.75. The stock’s 50 day moving average price is $8.71.

A number of hedge funds and other institutional investors have recently bought and sold shares of DCFC. Advisor Group Holdings Inc. acquired a new stake in Tritium DCFC in the 1st quarter valued at $30,000. Wolverine Asset Management LLC acquired a new stake in Tritium DCFC in the 1st quarter valued at $132,000. JPMorgan Chase & Co. acquired a new stake in Tritium DCFC in the 1st quarter valued at $189,000. Raymond James & Associates acquired a new stake in Tritium DCFC in the 1st quarter valued at $524,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Tritium DCFC in the 1st quarter valued at $2,668,000. 48.45% of the stock is owned by institutional investors and hedge funds.

About Tritium DCFC (Get Rating)

Tritium DCFC Limited designs, manufactures, and supplies direct current chargers for electric vehicles in the United States, Australia, and the Netherlands. The company provides approximately 3.6 million high-power charging sessions. It also provides CAN ethernet bridge products. The company serves to retail and hospitality, workplaces, and dealerships.

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