Enovix

ENVX

Market cap $2.44B

While QuantumScape dazzles with future EV tech, Enovix leads today with production, OEM traction, and industry accolades.

The consensus price target hints at an 81.5% upside potential for Enovix Corporation (ENVX). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

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Enovix's management expects the ongoing qualification of its AI-1 battery with its lead smartphone OEM to conclude this month. Successful testing results could be a prelude for additional purchase orders from Enovix's second smartphone OEM customer and 2 smart glasses customers, in my opinion. China's latest round of export controls could see Enovix emerge as a crucial player in non-China battery supply chains, contingent on successful testing with the lead smartphone OEM.

A common psychological phenomenon among investors is the appeal of the stock with a low price per share—meaning a company with shares that trade at a low cost, not necessarily one in which shares are undervalued.

FREMONT, Calif., Sept. 12, 2025 (GLOBE NEWSWIRE) -- Enovix Corporation (Nasdaq: ENVX) (“Company” or “Enovix”), a leader in advanced silicon battery technology, announced today that Enovix Korea has been honored with the prestigious 2025 Best Workplaces of Korea for Job Creation award by the Ministry of Employment and Labor.

FREMONT, Calif., Sept. 11, 2025 (GLOBE NEWSWIRE) -- Enovix Corporation (Nasdaq: ENVX, ENVXW) (the “Company” or “Enovix”), a leader in advanced silicon battery technology, today announced the pricing of $300.0 million aggregate principal amount of 4.75% Convertible Senior Notes due 2030 (the “Notes”) in a private placement (the “Offering”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”).

Enovix Corp. ENVX shares fell in Wednesday's extended trading after the company announced its intent to offer $300 million aggregate principal amount of convertible senior notes due 2030.

FREMONT, Calif., Sept. 10, 2025 (GLOBE NEWSWIRE) -- Enovix Corporation (the “Company” or “Enovix”) (NASDAQ: ENVX, ENVXW), a leader in advanced silicon battery technology, today announced its intent to offer $300 million aggregate principal amount of Convertible Senior Notes due 2030 (the “Notes”) in a private placement (the “Offering”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”).