- Penny stock DPW Holdings (NYSEMKT:DPW), which is often volatile even in calmer markets, surges 20% after its Coolisys Technologies business gets an initial order of $1.28M from a defense contractor.
- That's not nearly enough, though, for DPW to recover its 66% drop in the past six months.
- Coolisys will provide electrical and electronic systems for powering an onboard radio and other classified instruments installed and operated in customized military multi-mission vehicles.
- The customer has the option to increase the order to~$2M.