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DPW’s stock soars after Coolisys EV charger sub sets up fast-food franchisee partner program

Shares of DPW Holdings Inc. DPW, +50.23% soared 40.9% on heavy volume in morning trading Monday, after the investor in disruptive technologies said its Coolisys Technologies Corp. subsidiary established a program to get its electric vehicle (EV) chargers into national fast-food restaurants. Trading volume jumped to 20.2 million shares, compared with the full-day average of about 2.6 million shares. DPW said it expects the program to allow owners of fast-food franchises to install the ACECool EV chargers and share in the revenue from advertising and network usage. Coolisys expects to launch the program in California, Nevada and Canada, with the unveiling of “a national fast-food network” partner, that forms a part of the network with over 1,000 locations. Other partners are expected to be announced in the first quarter of 2021. ” We look forward to the potential changes coming from increased demand for EVs and the recent trends related to government support of the electrification of transport,” said Coolisys Chief Executive Amos Kohn. DPW’s stock has run up 54.6% over the past three months, while shares of rival EV charger company Blink Charging Co. BLNK, +30.26% has rocketed 291.2% and the S&P 500 SPX, +0.58% has gained 5.4%.

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