Digital Power Corporation (NYSEAMERICAN: DPW) is having an overwhelmingly positive start to the trading session this morning after the company announced that it will be giving a presentation relatively soon. Today, we’ll talk about the presentation, how the stock is reacting to the news, and what we’ll be watching for with regard to DPW ahead.
DPW Announces Presentation
As mentioned above, Digital Power Corporation announced that it will be a featured presenter at the 10th annual LD Micro Main Event investor conference. The conference will take place on Thursday, December 7th at 10:30 AM PST. The event will be held at the Luxe Sunset Boulevard Hotel in Los Angeles, CA.
This is incredible news for DPW, as being involved in the LD Micro conference will likely open doors to new investors in the company. During the event, members of DPW executive management will be offering a presentation on behalf of the company. Also, senior management will be available for one-on-one meetings, which will help the company to establish new relationships with investors and associates that have decided to attend the event.
The company also informed investors that it will be issuing an investor update on the morning of December 7th. The topics will include revenue guidance for the quarter and the next year as well as a progress report on the cryptocurrency initiative by Coolisys Technologies and advances made on the MTIX $50 million purchase order.
How The Stock Reacted To The News
As is almost always the case when positive news is released surrounding a publicly-traded company, Digital Power Corporation is having an overwhelmingly strong day in the market today. However, the stock’s gains are better gauged in multiples than percentages. Of course, our partners at Trade Ideas were the first to alert us to the gains. At the moment (9:34), DPW is trading at $3.15 per share after a gain of $2.34 per share (288.89%) thus far today.
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What We’ll Be Watching For Ahead
Moving forward, the CNA Finance team will continue to watch DPW incredibly closely. First and foremost, we’re interested in following the LD Micro event and excited to see whether or not the company brings on some strong investors in the process. We’re also interested in following the company’s ongoing work in the cryptocurrency space, considering the overwhelming success of cryptocurrencies throughout this year and expectations of continued success ahead. We’re also interested in the update the company will be providing with regard to the MTIX purchase order. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!
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