PRF Technologies (PRFX) Shares Surge Over 186% After Hours: Here's What Is Going On

PRF Technologies Ltd. (NASDAQ:PRFX) shares surged 186.22% to $3.92 after the bell on Thursday after the company issued an update on the advancement of its AI-driven renewable energy revenue optimization platform, DeepSolar Predict. AI-Driven Revenue Optimization DeepSolar Predict combines weather intelligence, storage orchestration and real-time market decision support to help renewable operators manage solar, wind and battery storage assets. PRF noted DeepSolar participates in the NVIDIA Connect Program and has filed a patent covering proprietary plant-level micro-climate modeling methods. Dr. Ehud Geller, Chairman of PRF Technologies, said, “Renewable energy operators are no longer managing only production — they are managing financial exposure in increasingly dynamic power markets.” PRFX is a dual-mandate company focused on pharmaceutical reformulation and AI-driven energy optimization through its DeepSolar platform. In April, PRF’s pharmaceutical arm also recently received Food and Drug Administration clearance for an Investigational New Drug application for OcuRing-K, advancing into a Phase 2 trial targeting pain and inflammation following cataract surgery. Trading Metrics, Technical Analysis The Israel-based diversified innovation company has a market capitalization of $1.19 million, a 52-week high of $17.95 and a 52-week low of $1.28. The stock has a Relative Strength Index (RSI) of 28.65. Over the past 12 months, PRFX has dropped 85.43%. The small-cap stock is currently trading very close to its annual low. Price Action: According to Benzinga Pro data, PRFX closed the regular session at $1.37, up 1.48%. Benzinga’s Edge Stock Rankings indicate that PRFX has a negative price trend across all time frames. Photo Courtesy: Champ008 on Shutterstock.com Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Read Also: Kratos Defense (KTOS) Stock Is Trending As Trump Administration Eyes Equity Stakes In US Drone Makers