Date | Price Target | Rating | Analyst |
---|---|---|---|
7/22/2024 | $25.00 | Buy | The Benchmark Company |
12/18/2023 | Outperform | William Blair | |
7/21/2023 | $19.00 → $20.00 | Outperform → Market Perform | TD Cowen |
1/11/2023 | $20.00 | Buy | Canaccord Genuity |
12/2/2022 | $19.00 | Buy | B. Riley Securities |
11/4/2022 | $23.00 | Buy | Janney |
9/28/2022 | $25.00 | Overweight | Cantor Fitzgerald |
9/20/2022 | $29.00 | Overweight | Piper Sandler |
8/22/2022 | $50.00 → $100.00 | Buy | Loop Capital |
8/9/2022 | $50.00 | Buy | Loop Capital |
The Benchmark Company initiated coverage of Enovix with a rating of Buy and set a new price target of $25.00
William Blair initiated coverage of Enovix with a rating of Outperform
TD Cowen downgraded Enovix from Outperform to Market Perform and set a new price target of $20.00 from $19.00 previously
Canaccord Genuity initiated coverage of Enovix with a rating of Buy and set a new price target of $20.00
B. Riley Securities initiated coverage of Enovix with a rating of Buy and set a new price target of $19.00
Janney initiated coverage of Enovix with a rating of Buy and set a new price target of $23.00
Cantor Fitzgerald initiated coverage of Enovix with a rating of Overweight and set a new price target of $25.00
Piper Sandler resumed coverage of Enovix with a rating of Overweight and set a new price target of $29.00
Loop Capital reiterated coverage of Enovix with a rating of Buy and set a new price target of $100.00 from $50.00 previously
Loop Capital initiated coverage of Enovix with a rating of Buy and set a new price target of $50.00
FREMONT, Calif., Oct. 02, 2024 (GLOBE NEWSWIRE) -- Enovix Corporation ("Enovix") (NASDAQ:ENVX), a global high-performance battery company, announced today that it commenced shipping EX-1M battery cell samples from its new Agility Line in Malaysia last week. This is an important milestone on the Company's journey to scale which follows shipping initial samples from Fab1 in California, and opening high-volume Fab2 in Malaysia just this summer. Enovix also recently completed internal UN38.3 certification for cells now shipping. UN38.3 is the United Nations standard for safe transportation of Lithium-ion batteries and is only granted to products that meet strict international safety and abuse
FREMONT, Calif., Sept. 10, 2024 (GLOBE NEWSWIRE) -- Enovix Corporation ("Enovix") (NASDAQ:ENVX), a global high-performance battery company, today announced its participation in the following investor event: Fireside Chat with Enovix CEO Dr. Raj Talluri, Hosted by William Blair Date: Thursday, September 12, 2024 Time: 4:30 PM ET Webcast link: Available here Live webcasts can be accessed by selecting Events under the News and Events section of the Enovix website at https://ir.enovix.com. Replays of webcasts will be archived following presentations, also in the Events section. About Enovix Enovix is on a mission to deliver high-performance batteries that unlock the full potential of techn
FREMONT, Calif., July 31, 2024 (GLOBE NEWSWIRE) -- Enovix Corporation ("Enovix") (NASDAQ:ENVX), a global high-performance battery company, announced today financial results for second quarter 2024, which included the summary below from its President and CEO, Dr. Raj Talluri. Fellow Shareholders, In the second quarter of 2024 we began producing our first batteries in Malaysia and demonstrated strong commercial progress with a handful of leading customers. Our recent highlights include: Strong top-line growth: Revenue of $3.8 million in the second quarter of 2024, up from $42,000 in the second quarter of 2023 and above the mid-point of our forecast of $3.0 million to $4.0 million. We exp
FREMONT, Calif., July 31, 2024 (GLOBE NEWSWIRE) -- Enovix Corporation ("Enovix") (NASDAQ:ENVX), a global high-performance battery company, today announced it has signed a collaboration agreement with a Fortune 200 company to provide silicon batteries for a fast-growing IoT product category that already has tens of millions of users globally. Under the terms of the agreement, Enovix will receive milestone payments associated with building and testing prototype batteries for this IoT device along a path toward mass production. "We're excited to collaborate with the clear market leader in a rapidly growing segment of the IoT market," said Samira Naraghi, Senior Vice President, Product,
FREMONT, Calif., July 31, 2024 (GLOBE NEWSWIRE) -- Enovix Corporation ("Enovix") (NASDAQ:ENVX), a global high-performance battery company, today announced it has signed a non-binding Memorandum of Understanding ("MOU") with a high-performance, global automotive OEM aimed at scaling the Enovix cell architecture for the EV market. The agreement is focused on cell design and performance validation and optimization at the cell, pack, and vehicle level to take advantage of the unique Enovix cell design to improve performance and customer experience. The Enovix cell's mechanical structure is completely different than traditional cells, pushing the boundaries of battery performance and efficienc
FREMONT, Calif., July 17, 2024 (GLOBE NEWSWIRE) -- Enovix Corporation ("Enovix") (NASDAQ:ENVX), a global high-performance battery company, today announced it will release financial results for the second quarter of 2024 on Wednesday, July 31, 2024, after the close of the market. Enovix will hold a live video call at 2:00 PM PT / 5:00 PM ET on July 31, 2024, to discuss the company's business updates, key milestones, and financial results. To join the call, participants must use the following link to register: https://enovix-q2-2024.open-exchange.net/registration. This link will also be available via the Investor Relations section of Enovix's website at https://ir.enovix.com. Investors may
FREMONT, Calif., July 03, 2024 (GLOBE NEWSWIRE) -- Enovix Corporation ("Enovix") (NASDAQ:ENVX), a global high-performance battery company, today announced it will hold a grand opening of Fab2, its high-volume production facility in Penang, Malaysia, on August 8, 2024. The grand opening will provide key supporters such as customers, investors, business partners, and local officials the opportunity to tour the facility and hear from Enovix executives. "We are excited to welcome distinguished guests to our high-volume factory from which we will produce category-leading silicon batteries based on our own advanced manufacturing process," said Ajay Marathe, COO of Enovix. "Our Malaysia team of
FREMONT, Calif., June 26, 2024 (GLOBE NEWSWIRE) -- Enovix Corporation ("Enovix") (NASDAQ:ENVX), a global high-performance battery company, today announced it has signed a Memorandum of Understanding ("MOU") with Elentec Co., Ltd ("Elentec") (Kosdaq: 054210: KQ), a leading consumer electronic battery pack manufacturing company in Asia serving customers such as Samsung. The agreement provides a framework for a long-term business relationship between the two companies and enables Enovix to lock in a globally trusted battery pack manufacturing partner to support its growth with target customers worldwide. The MOU allows Enovix to fast track and utilize Elentec's battery pack design and high-v
FREMONT, Calif., June 25, 2024 (GLOBE NEWSWIRE) -- Enovix Corporation ("Enovix") (NASDAQ:ENVX), a global high-performance battery company, today announced it has signed an agreement with a leading California-based technology company to provide silicon batteries and packs for a mixed reality headset. Under the terms of the agreement, Enovix will receive an immediate one-time payment for tooling to support battery pack dimensions followed by payments for the delivery of both sample and production quantities. "We are thrilled to sign this agreement with a clear leader in the mixed reality market," said Samira Naraghi, Senior Vice President, Product, Enovix. "Devices in this
FREMONT, Calif., May 13, 2024 (GLOBE NEWSWIRE) -- Enovix Corporation ("Enovix") (NASDAQ:ENVX), a global high-performance battery company, today announced that it has begun customer sampling of its breakthrough EX-1M battery. Initial EX-1M samples were built and tested at the company's facility in Fremont for IoT and smartphone customers. Enovix plans to build a larger number of EX-1M samples from its Agility Line at Fab2 in Malaysia later in the second quarter of 2024. "We set out on an ambitious plan last year to build a battery that would meet the demanding requirements of leading smartphone customers," said Dr. Raj Talluri, President and CEO of Enovix. "With EX-1M now sampling, we are
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Introduces Eight-Member Slate with Deep Experience in Governance, Finance, Legislative and Regulatory Affairs, Strategic Transformations, Transportation and the Railroad Sector Proposes Jim Barber, a Proven Transportation Network Leader and Former Executive at UPS, as CEO and Jamie Boychuk, a Career Railroader and Former Executive at CSX, as COO Introduces "Network of the Future" Strategy Offering Path to Significant Value Creation Releases Presentation Entitled "The Case for Leadership, Safety and Strategy Changes at Norfolk Southern" That is Downloadable at www.MoveNSCForward.com Ohio-based Ancora Holdings Group, LLC, its affiliates and the other participants in its solicitation (
FREMONT, Calif., Nov. 15, 2023 (GLOBE NEWSWIRE) -- Enovix Corporation ("Enovix") (NASDAQ:ENVX), an advanced silicon battery company, today announced that Samira Naraghi, Enovix's Vice President of Product Strategy, has been appointed to the 2024 Consumer Technology Association (CTA)® Board of Industry Leaders. CTA is the trade association representing the $505 billion U.S. consumer technology industry, which supports more than 18 million U.S. jobs. Its Board of Industry Leaders comprises of executives who are experienced leaders from CTA's member companies and who have broad experience in the consumer technology sector and represent the industry's interests. Naraghi, who has served as Vi
FREMONT, Calif., June 29, 2023 (GLOBE NEWSWIRE) -- Enovix Corporation ("Enovix") (NASDAQ:ENVX), an advanced silicon battery company, today announced the appointment of Farhan Ahmad as Chief Financial Officer, replacing Steffen Pietzke, who is stepping down effective July 9, 2023. Pietzke will stay on as a consultant for up to six months to ensure a smooth transition. "Steffen has been instrumental through major financial events including taking Enovix public and we are thankful for his service," said Dr. Raj Talluri, President and CEO at Enovix. "I am pleased Farhan will join the company. He brings financial leadership expertise, most recently at Micron, where he helped shape the company'
FREMONT, Calif., June 26, 2023 (GLOBE NEWSWIRE) -- Enovix Corporation ("Enovix") (NASDAQ:ENVX), an advanced silicon battery company, today announced the appointment of Joseph Malchow, founding partner at HNVR Technology Investment Management and board member at Enphase Energy, Inc., and Bernard Gutmann, a 40-year semiconductor industry veteran and former CFO at On Semiconductor, to its Board of Directors (the "Board") effective June 22, 2023. These appointments expand the Board to eight directors, six of whom are independent. "I am committed to the operational success of Enovix and the addition of Joe and Bernard enhances our Board's skillset and demonstrates our commitment to drive long-
FREMONT, Calif., Dec. 29, 2022 (GLOBE NEWSWIRE) -- Enovix Corporation ("Enovix") (NASDAQ:ENVX), the leader in the design and manufacture of next generation 3D Silicon™ Lithium-ion batteries, today announced the appointment of Dr. Raj Talluri as President and Chief Executive Officer, effective January 18, 2023. Talluri is also expected to be appointed to the Enovix board of directors on a later date. Talluri replaces CEO and Co-Founder Harrold Rust, who is retiring from his position and the board but will serve in an advisory capacity to support the leadership transition. Talluri brings a strong track record of leading successful high-volume and highly profitable semiconductor franchises w
FREMONT, Calif., Nov. 10, 2022 (GLOBE NEWSWIRE) -- Enovix Corporation ("Enovix") (NASDAQ:ENVX), the leader in the design and manufacture of next generation 3D Silicon™ Lithium-ion batteries, today announced the appointment of Ajay Marathe as COO reporting to CEO Harold Rust. Marathe's 38-year career includes stints as COO, CIO and foreign-subsidiary CEO of major technology companies including Western Digital Corporation, Lumileds LLC and Advanced Micro Devices, where he served for 23 years first as Thailand Plant Manager responsible for assembly and test of six million units per week, and then VP of Operations of the 2,500-employee Computation Products group, and then VP of Operations for
FREMONT, Calif., Nov. 01, 2022 (GLOBE NEWSWIRE) -- Enovix Corporation ("Enovix") (NASDAQ:ENVX), the leader in the design and manufacture of next generation 3D Silicon™ Lithium-ion batteries, today announced two major developments related to its laser program: a non-binding Memorandum of Understanding (MOU) with IPG Photonics Corporation (NASDAQ:IPGP), the leader in high-power fiber laser technology, to collaborate to develop cutting edge, next-generation laser tooling and methods to optimize battery cell manufacturing processes and productivity, and the appointment of Manuel Leonardo, an expert in the field of laser photonics, as Senior Staff Laser Engineer. Enovix believes these two devel
FREMONT, Calif., March 03, 2022 (GLOBE NEWSWIRE) -- Enovix Corporation ("Enovix") (NASDAQ:ENVX), the leader in the design and manufacture of next generation 3D Silicon™ Lithium-ion batteries, today announced the appointment of Patrick Donnelly as Vice President, Strategic Business Development, focused on Electric Vehicles (EVs). In his role, Donnelly will lead commercialization and partnership efforts for Enovix in the dynamic EV market. Donnelly joins Enovix with extensive experience leading commercial teams at tier one automotive and lithium-ion battery suppliers. He joins Enovix from Samsung SDI, where he led a commercial team that secured several multibillion-dollar contracts with cus
FREMONT, Calif., Nov. 08, 2021 (GLOBE NEWSWIRE) -- Enovix Corporation ("Enovix") (NASDAQ:ENVX, ENVXW))), the leader in the design and manufacture of next generation 3D Silicon™ Lithium-ion batteries, today announced the appointment of Pegah Ebrahimi to its Board of Directors. Ebrahimi is a seasoned technology executive and go-to-market leader, who has been at the center of major trends over the past decade from mobile and cloud to AI. She brings unique insight to Enovix on how the company's batteries can enable the next generation of disruptive technologies and industries. "Pegah has been counseling companies in Silicon Valley for the last ten years and has first-hand knowledge of how our
FREMONT, Calif., July 31, 2024 (GLOBE NEWSWIRE) -- Enovix Corporation ("Enovix") (NASDAQ:ENVX), a global high-performance battery company, announced today financial results for second quarter 2024, which included the summary below from its President and CEO, Dr. Raj Talluri. Fellow Shareholders, In the second quarter of 2024 we began producing our first batteries in Malaysia and demonstrated strong commercial progress with a handful of leading customers. Our recent highlights include: Strong top-line growth: Revenue of $3.8 million in the second quarter of 2024, up from $42,000 in the second quarter of 2023 and above the mid-point of our forecast of $3.0 million to $4.0 million. We exp
FREMONT, Calif., July 17, 2024 (GLOBE NEWSWIRE) -- Enovix Corporation ("Enovix") (NASDAQ:ENVX), a global high-performance battery company, today announced it will release financial results for the second quarter of 2024 on Wednesday, July 31, 2024, after the close of the market. Enovix will hold a live video call at 2:00 PM PT / 5:00 PM ET on July 31, 2024, to discuss the company's business updates, key milestones, and financial results. To join the call, participants must use the following link to register: https://enovix-q2-2024.open-exchange.net/registration. This link will also be available via the Investor Relations section of Enovix's website at https://ir.enovix.com. Investors may
FREMONT, Calif., May 01, 2024 (GLOBE NEWSWIRE) -- Enovix Corporation ("Enovix") (NASDAQ:ENVX), a global high-performance battery company, announced today financial results for first quarter 2024, which included the summary below from its President and CEO, Dr. Raj Talluri. Fellow Shareholders, In the first quarter of 2024 we made tremendous progress toward readying Fab2 in Malaysia to begin production while closely collaborating with leading customers ahead of shipping first samples of our breakthrough EX-1M battery. Our recent highlights include: Strong top-line growth: Revenue of $5.3 million in the first quarter of 2024, up from $21,000 in the first quarter of 2023 and above our fore
FREMONT, Calif., April 17, 2024 (GLOBE NEWSWIRE) -- Enovix Corporation ("Enovix") (NASDAQ:ENVX), a global high-performance battery company, today announced it will release financial results for the first quarter of 2024 on Wednesday, May 1, 2024, after the close of the market. Enovix will hold a live video call at 2:00 PM PT / 5:00 PM ET on May 1, 2024, to discuss the company's business updates, key milestones, and financial results. To join the call, participants must use the following link to register: https://enovix-q12024.open-exchange.net/. This link will also be available via the Investor Relations section of Enovix's website at https://ir.enovix.com. An archived version of the call
FREMONT, Calif., Feb. 20, 2024 (GLOBE NEWSWIRE) -- Enovix Corporation ("Enovix") (NASDAQ:ENVX), an advanced silicon battery company, announced today financial results for fourth quarter and full year 2023, which included the summary below from its President and CEO, Dr. Raj Talluri. Fellow Shareholders, In the fourth quarter of 2023 we completed our acquisition of Routejade and positioned the company to scale with high-volume manufacturing in Malaysia. Our highlights for the quarter include: Record top-line performance: Revenue of $7.4 million in the fourth quarter of 2023, up from $1.1 million in the fourth quarter of 2022 and $0.2 million in the third quarter of 2023. Revenue strength
FREMONT, Calif., Jan. 30, 2024 (GLOBE NEWSWIRE) -- Enovix Corporation ("Enovix") (NASDAQ:ENVX), an advanced silicon battery company, today announced it will release financial results for the fourth quarter and full year 2023 on Tuesday, February 20, 2024, after the close of the market. Enovix will hold a live video call at 2:00 PM PT / 5:00 PM ET on February 20, 2024, to discuss the company's business updates, key milestones, and financial results. To join the call, participants must use the following link to register: https://enovix-q42023.open-exchange.net/. This link will also be available via the Investor Relations section of Enovix's website at https://ir.enovix.com. Investors may al
FREMONT, Calif., Nov. 07, 2023 (GLOBE NEWSWIRE) -- Enovix Corporation ("Enovix") (NASDAQ:ENVX), an advanced silicon battery company, announced today financial results for the third quarter of 2023, which included the summary below from its President and CEO, Dr. Raj Talluri. Fellow Shareholders, In the third quarter of 2023 we made meaningful strategic and go-to-market decisions while achieving important milestones on our journey to scale: Factory Acceptance Testing ("FAT") of Gen2 manufacturing equipment: Commenced on schedule in August and we have completed FAT for one zone of the full production line. We continue to expect to complete FAT for all four zones by January 2024.Fab
FREMONT, Calif., Nov. 01, 2023 (GLOBE NEWSWIRE) -- Enovix Corporation ("Enovix") (NASDAQ:ENVX), an advanced silicon battery company, today announced that it has completed the acquisition of privately-held Routejade, an established Korean battery manufacturer. The acquisition provides Enovix with vertical integration of electrode coating and battery pack manufacturing, while adding an established lithium-ion battery business with two factories in Korea, along with complementary products, customers, and suppliers. With coating now vertically integrated, Enovix intends to realize significant cost savings while speeding up battery development cycles as modern materials are quickly incorporate
FREMONT, Calif., Oct. 12, 2023 (GLOBE NEWSWIRE) -- Enovix Corporation ("Enovix") (NASDAQ:ENVX), an advanced silicon battery company, today announced it will release financial results for the third quarter of 2023 on Tuesday, November 7, 2023, after the close of the market. Enovix will issue a press release shortly after 1:00 PM PT / 4:00 PM ET on Tuesday, November 7, 2023, announcing that it has posted its Letter to Shareholders with financial results and management commentary on its investor relations website at https://ir.enovix.com. Enovix will hold a live video call at 2:00 PM PT / 5:00 PM ET on November 7, 2023, to discuss the company's business updates, key milestones, and financia
Buying existing coating supplier speeds product development, manufacturing efficiency, access to leading battery materials, path to strong margins, and supports manufacturing scale-up by reducing future capital expenditure need by approximately $35 million for coating capacity.Establishes presence in Korea, strategically near key customers, equipment suppliers, and raw materials suppliers. Adds immediately accretive battery business focused on Military and IoT end markets with growth potential and opportunity to cross-sell Enovix silicon cells. FREMONT, Calif., Sept. 20, 2023 (GLOBE NEWSWIRE) -- Enovix Corporation ("Enovix") (NASDAQ:ENVX), an advanced silicon battery company, today anno
As the Q2 earnings season approaches, clean tech stocks like Enovix Corp (NASDAQ:ENVX) and ChargePoint Holdings Inc (NYSE:CHPT) are catching the spotlight, navigating a landscape fraught with both opportunities and challenges. According to JPMorgan analyst Bill Peterson, the sentiment among institutional investors is notably cautious, with “elevated short interest pervasive across our coverage universe.” This ambivalence is driven by concerns about company execution and balance sheets, keeping investors on the sidelines until clearer signals emerge. Clean Tech’s Recent Rally: A Temporary Surge? Despite the overall uncertainty, Clean Tech stocks have experienced a notable upswing ov
Benchmark analyst Michael Legg initiates coverage on Enovix (NASDAQ:ENVX) with a Buy rating and announces Price Target of $25.
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. Below are some instances of options activity happening in the Industrials sector: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume ACHR CALL SWEEP BEARISH 10/18/24 $6.00 $164.8K 1.6K 15.3K HON PUT TRADE NEUTRAL 09/20
Enovix's (NYSE:ENVX) short percent of float has fallen 4.15% since its last report. The company recently reported that it has 42.00 million shares sold short, which is 35.57% of all regular shares that are available for trading. Based on its trading volume, it would take traders 7.94 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is i
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. Below are some instances of options activity happening in the Industrials sector: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume AAL PUT TRADE BEARISH 03/21/25 $9.00 $477.0K 7.5K 9.0K EOSE CALL SWEEP BULLISH 12/20/
These mid-cap stocks were the best performers in the last week. Are they in your portfolio? Tempus AI, Inc. (NASDAQ:TEM) shares jumped 30.43% after the company announced it received U.S. FDA 510(k) clearance for its Tempus ECG-AF device, which uses AI to help identify patients who may be at increased risk of atrial fibrillation/flutter. Enovix Corporation (NASDAQ:ENVX) shares jumped 29.70% after it signed a Memorandum of Understanding (MOU) with Elentec Co, a consumer electronic battery pack manufacturing company in Asia. Grindr Inc. (NYSE:GRND) stock escalated 27.50% after the company raised its full-year revenue guidance ahead of its first investor day. Trump Media & Tech
Canaccord Genuity analyst George Gianarikas maintains Enovix (NASDAQ:ENVX) with a Buy and maintains $17 price target.
Enovix Corp (NASDAQ:ENVX) shares are volatile Wednesday after rising 35% on Tuesday. Here’s a look at what’s going on. What Happened: Enovix on Wednesday announced it signed a Memorandum of Understanding (MOU) with Elentec Co, a consumer electronic battery pack manufacturing company in Asia serving customers such as Samsung. Enovix said the agreement enables the company to lock in a globally trusted battery pack manufacturing partner to support its growth with target customers worldwide. The MOU also allows Enovix to fast track and utilize Elentec’s battery pack design and high-volume manufacturing capability. “Our teams will collaborate closely to design battery packs meeting pre
Enovix Corporation ("Enovix") (NASDAQ:ENVX), a global high-performance battery company, today announced it has signed a Memorandum of Understanding ("MOU") with Elentec Co., Ltd ("Elentec") (Kosdaq: 054210: KQ), a leading consumer electronic battery pack manufacturing company in Asia serving customers such as Samsung. The agreement provides a framework for a long-term business relationship between the two companies and enables Enovix to lock in a globally trusted battery pack manufacturing partner to support its growth with target customers worldwide. The MOU allows Enovix to fast track and utilize Elentec's battery pack design and high-volume manufacturing capability, while setting up the
RGS: 164% | Regis shares are trading higher after the company announced that it entered into a new senior secured credit facility with TCW Asset Management to refinance its existing debt. ENVX: 24% | Enovix shares are trading higher after the company signed a deal to supply silicon batteries for mixed reality headsets. SEDG: -19% | SolarEdge Technologies shares are trading lower after the company announced a private offering of $300 million convertible notes due 2029.