Shares of Expion360, Inc. (ticker: $XPON) have surged by 65.3% in premarket trading following positive developments regarding its business operations. The company has announced a new battery Letter of Intent (LOI) that aligns with its existing dealership network across the United States. Additionally, Expion360 is set to begin shipping its e360 Home Energy Storage Solutions to integration partner Wellspring Solar. Analysts note that the stock has shown strong momentum, with support identified at $2.30 and a recent breakout above a key resistance level of $2.71. Recent projections indicate that new relationships could contribute incremental revenue for the fourth quarter of 2024, with an estimated revenue increase of $5 million. The stock has been characterized as a low float play, which has attracted attention from traders looking for significant price movements.