Piper Sandler resumed coverage on Enovix with a new price target
$ENVX
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Piper Sandler resumed coverage of Enovix with a rating of Overweight and set a new price target of $29.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/31/2024 | Buy → Neutral | Janney | |
| 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 |
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.
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FREMONT, Calif., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Enovix Corporation ("Enovix") (NASDAQ:ENVX), a global high-performance battery company, announced today its participation in the following upcoming investor events: Oppenheimer Fireside Chat with Enovix CEO Dr. Raj Talluri Date: Monday, November 11, 2024 J.P. Morgan Equity Opportunities Forum Date: Thursday, November 14, 2024 Location: Miami Beach, Florida Portfolio managers and analysts who wish to request a meeting should contact their sales representative at the sponsoring firms. Replays of recorded webcasts, where applicable, can be accessed by selecting Events under the News and Events section of the Enovix website at https://i
FREMONT, Calif., Nov. 05, 2024 (GLOBE NEWSWIRE) -- Enovix Corporation ("Enovix") (NASDAQ:ENVX), a global high-performance battery company, announced today that it completed a secondary equity offering. On Friday November 1, the Company received approximately $96 million dollars net of fees related to the transaction. As a result, the Company now expects to close 2024 with cash levels of approximately $245 million, compared to the prior expectation of $150 million. Enovix's CEO Raj Talluri commented, "As we disclosed on our third quarter earnings call, we have multiple mass production commitments in 2025, and a growing pipeline for 2026. Now we can build on this momentum with a stronger
FREMONT, Calif., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Enovix Corporation ("Enovix") (NASDAQ:ENVX), a global high-performance battery company, today announced the pricing of an underwritten public offering of 10,416,667 shares of its common stock for total gross proceeds of $100 million before deducting underwriting discounts and commissions and estimated offering expenses payable by Enovix. The offering is expected to close on November 1, 2024, subject to satisfaction of customary closing conditions. All of the shares of common stock in the offering will be sold by Enovix. Enovix has granted the underwriter a 30-day option to purchase up to an additional 1,562,500 shares of its common stock
Janney downgraded Enovix from Buy to Neutral
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
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FREMONT, Calif., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Enovix Corporation ("Enovix") (NASDAQ:ENVX), a global high-performance battery company, announced today financial results for third quarter 2024, which included the summary below from its President and CEO, Dr. Raj Talluri. Fellow Shareholders, In the third quarter of 2024, we made significant progress on our journey to scale. The unveiling of Fab2 was a major boost in confidence with multiple customers now indicating a desire to launch products with us starting from late 2025. Other recent highlights include: Revenue growth: Revenues were $4.3 million in the third quarter, above our guidance midpoint and up from $3.8 million i
FREMONT, Calif., Oct. 16, 2024 (GLOBE NEWSWIRE) -- Enovix Corporation ("Enovix") (NASDAQ:ENVX), a global high-performance battery company, today announced it will release financial results for the third quarter of 2024 on Tuesday, October 29, 2024, after the close of the market. Enovix will hold a live video call at 2:00 PM PT / 5:00 PM ET on October 29, 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-q3-2024.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 m
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
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'
4 - Enovix Corp (0001828318) (Issuer)
4 - Enovix Corp (0001828318) (Issuer)
4 - Enovix Corp (0001828318) (Issuer)