EnovixENVX
ENVX
About: Enovix Corp is engaged in designing, developing, manufacturing, and commercializing Lithium-ion, or Li-ion, battery cells. It uses BreakFlow and Encapsulation technologies to manufacture high capacity and resilient batteries. The company's product portfolio comprises power disc batteries, flexible lithium-ion polymer batteries, superior lithium-ion polymer batteries, active silicon lithium-ion cells, and others. Geographically, the company generates maximum revenue from its customers in South Korea, followed by Switzerland, Norway, the United States, Taiwan, and other regions.
Employees: 570
0
Funds holding %
of 7,419 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
100% more funds holding in top 10
Funds holding in top 10: 1 [Q3] → 2 (+1) [Q4]
93% more call options, than puts
Call options by funds: $261M | Put options by funds: $135M
86% more repeat investments, than reductions
Existing positions increased: 130 | Existing positions reduced: 70
50% more first-time investments, than exits
New positions opened: 54 | Existing positions closed: 36
23% more capital invested
Capital invested by funds: $813M [Q3] → $1B (+$188M) [Q4]
6% more funds holding
Funds holding: 286 [Q3] → 302 (+16) [Q4]
0.32% less ownership
Funds ownership: 49.3% [Q3] → 48.97% (-0.32%) [Q4]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$15
144%
upside
Avg. target
$21
241%
upside
High target
$30
387%
upside
3 analyst ratings
3 positive
100%
0 neutral
0%
0 negative
0%
Benchmark Mickey Legg 43% 1-year accuracy 3 / 7 met price target | 144%upside $15 | Buy Maintained | 15 Apr 2025 |
Craig-Hallum Anthony Stoss 22% 1-year accuracy 8 / 37 met price target | 192%upside $18 | Buy Maintained | 20 Feb 2025 |
Cantor Fitzgerald Derek Soderberg 11% 1-year accuracy 2 / 18 met price target | 387%upside $30 | Overweight Reiterated | 20 Feb 2025 |
Financial journalist opinion
Based on 4 articles about ENVX published over the past 30 days
Neutral
GlobeNewsWire
3 days ago
Enovix Appoints Ryan Benton as Chief Financial Officer
FREMONT, Calif., April 17, 2025 (GLOBE NEWSWIRE) -- Enovix Corporation (Nasdaq: ENVX), a global high-performance battery company, announced the appointment of Ryan Benton as Chief Financial Officer (CFO). Mr. Benton brings over three decades of financial leadership experience. He previously held key roles at ASM International and served as CFO for multiple public companies including Silvaco and Exar Corporation.
Positive
Seeking Alpha
1 week ago
Enovix: The Tariff Dip Could Be A Generational Buying Opportunity
The latest tariffs imposed by the US are likely to have a minimal impact on Enovix, in my opinion. Enovix's pioneer status could help its pricing power, even with the tariffs. Enovix's acquisition of SolarEdge's facility in South Korea will help boost its position in the drone industry, considering the capabilities of Routejade's batteries.
Neutral
GlobeNewsWire
2 weeks ago
Enovix To Acquire Korean Battery Cell Facility to Bolster Manufacturing
Acquisition will support company's efforts to meet growing demand in the defense industry Acquisition will support company's efforts to meet growing demand in the defense industry
Neutral
GlobeNewsWire
2 weeks ago
Enovix Reports Progress on 2025 Smartphone Launch
FREMONT, Calif., March 31, 2025 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (Nasdaq: ENVX), a global high-performance battery company, today announced the completion of its second milestone, triggering a payment for sample battery cells shipped under a development agreement executed in October 2024 with a leading smartphone OEM. The samples were customized to specific requirements of the OEM, including cycle life, fast charge and energy density levels which Enovix believes are superior to any product available on the market today.
Positive
Seeking Alpha
1 month ago
Enovix: 2025 Mass Production Sparks Optimism
I recommend a Buy rating on Enovix due to successful mass production progress and commercialization readiness, positioning it for significant revenue growth. Enovix's Fab2 facility in Malaysia has completed Site Acceptance Testing for High-Volume Manufacturing, indicating readiness for mass production and customer shipments. Enovix is strategically positioned to meet the growing demand for high-capacity batteries in smartphones, IoT, EVs, and defense markets, with major OEMs already engaged.
Neutral
Seeking Alpha
1 month ago
2025 Is Enovix's Inflection Point With First Commercial Production
2025 Is Enovix's Inflection Point With First Commercial Production
Neutral
Seeking Alpha
1 month ago
Enovix: A Worthy Buy For Asymmetric Upside
Enovix Corporation's revenue scale up is progressing slower than expected due to guidance misses and lower-than-expected throughput in its first high-volume manufacturing line. But Enovix is progressing well on smartphone customer engagements, scaling up manufacturing operations, and on battery product R&D milestones, with no delays; a respectable achievement. Valuations remain optically high for this early-stage business, but I think it is difficult to assess it on traditional valuation metrics.
Neutral
Seeking Alpha
1 month ago
Enovix Corporation (ENVX) Q4 2024 Earnings Call Transcript
Enovix Corporation (NASDAQ:ENVX ) Q4 2024 Earnings Conference Call February 19, 2025 5:00 PM ET Company Participants Robert Lahey - Head of Investor Relations Raj Talluri - President and Chief Executive Officer Kristina Truong - Chief Accounting Officer Ajay Marathe - Chief Operating Officer Conference Call Participants Jed Dorsheimer - William Blair Ananda Baruah - Loop Capital Markets Colin Rusch - Oppenheimer William Peterson - JPMorgan George Gianarikas - Canaccord Genuity Derek Soderberg - Cantor Fitzgerald Gus Richard - Northland Capital Markets Sean Milligan - Janney Operator Thank you for standing by and welcome to the Enovix Corporation Fourth Quarter 2024 Earnings Conference Call. Currently, all participants are in a listen-only mode.
Negative
Zacks Investment Research
1 month ago
Enovix Corporation (ENVX) Reports Q4 Loss, Tops Revenue Estimates
Enovix Corporation (ENVX) came out with a quarterly loss of $0.11 per share versus the Zacks Consensus Estimate of a loss of $0.17. This compares to loss of $0.28 per share a year ago.
Negative
Market Watch
1 month ago
Here's how Enovix's soft guidance derailed the battery maker's stock
Softer outlook for battery maker sends its stock down more than 12%.
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