| 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 |
| 9/20/2022 | $29.00 | Overweight | Piper Sandler |
| 8/22/2022 | $50.00 → $100.00 | Buy | Loop Capital |
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
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
4 - Enovix Corp (0001828318) (Issuer)
4 - Enovix Corp (0001828318) (Issuer)
4 - Enovix Corp (0001828318) (Issuer)
4 - Enovix Corp (0001828318) (Issuer)
4 - Enovix Corp (0001828318) (Issuer)
4 - Enovix Corp (0001828318) (Issuer)
4 - Enovix Corp (0001828318) (Issuer)
4 - Enovix Corp (0001828318) (Issuer)
4 - Enovix Corp (0001828318) (Issuer)
4 - Enovix Corp (0001828318) (Issuer)
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FREMONT, Calif., April 30, 2025 (GLOBE NEWSWIRE) -- Enovix Corporation ("Enovix") (NASDAQ:ENVX), a global high-performance battery company, announced today financial results for the first quarter 2025, which included the summary below from its President and CEO, Dr. Raj Talluri. Fellow Shareholders, In the first quarter of 2025, Enovix advanced across critical milestones with our lead smartphone customer, keeping us on track for a customer product launch later this year. We also strengthened our leadership team, expanded our manufacturing footprint through a strategic acquisition in South Korea, and accelerated progress towards mass production readiness at Fab2 in Malaysia. Recent Highl
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. Enovix CEO Dr. Raj Talluri added, "Ryan's experience and transparent communication style make him an ideal leader for our finance organization and a strong voice in conveying our strategy to investors. As we get closer to achieving our top objective of commencing smartphone bat
FREMONT, Calif., April 03, 2025 (GLOBE NEWSWIRE) -- Enovix Corporation (NASDAQ:ENVX), a global high-performance battery company, today announced the acquisition of battery cell manufacturing assets from SolarEdge, located in South Korea. The acquisition will expand the company's manufacturing footprint and help position Enovix to meet growing demand in the defense industry. The transaction is expected to close in April 2025, subject to the satisfaction of customary closing conditions. Enovix will be acquiring a battery cell manufacturing facility from SolarEdge that is approximately 330,000 square feet, as well as battery cell development and manufacturing equipment. The SolarEdge facilit
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. This development builds on recent achievements, including the completion of an ISO 9001:2015 audit of Fab2 in Malaysia with no major or minor findings. E
FREMONT, Calif., Feb. 19, 2025 (GLOBE NEWSWIRE) -- Enovix Corporation ("Enovix") (NASDAQ:ENVX), a global high-performance battery company, announced today financial results for the fourth quarter and full year 2024, which included the summary below from its President and CEO, Dr. Raj Talluri. Fellow Shareholders, In the fourth quarter of 2024, we achieved key milestones in manufacturing, technology, and sales, setting the stage for a breakout year in 2025. We are focused on launching our first smartphone battery and converting our IoT pipeline into contracted backlog. Customers across multiple industries are acknowledging the readiness of our manufacturing capabilities, which are com
FREMONT, Calif., Jan. 29, 2025 (GLOBE NEWSWIRE) -- Enovix Corporation ("Enovix") (NASDAQ:ENVX), a global high-performance battery company, today announced it will release financial results for the fourth quarter and full year 2024 on Wednesday, February 19, 2025, after the close of the market. Enovix will hold a live video call at 2:00 PM PT / 5:00 PM ET on February 19, 2025, 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-q4-2024.open-exchange.net/. This link will also be available via the Investor Relations section of Enovix's website at https://ir.enovix.com. Inves
FREMONT, Calif., Jan. 07, 2025 (GLOBE NEWSWIRE) -- Enovix Corporation ("Enovix") (NASDAQ:ENVX), a Silicon Valley high-performance battery manufacturing company, today announced it received a sizable pre-paid purchase order from a Silicon Valley-based global technology leader in Artificial Intelligence (AI) and immersive technologies. The order is for a cutting-edge battery solution tailored for next-generation head-worn Mixed Reality (MR) wearables. These batteries will support the revolution of smart glasses, augmented reality devices, and other pioneering products in the MR space. Under the terms of the agreement, Enovix is scheduled to deliver initial shipments by mid-2025, solidifying
FREMONT, Calif., Jan. 06, 2025 (GLOBE NEWSWIRE) -- Enovix Corporation ("Enovix") (NASDAQ:ENVX), a Silicon Valley high-performance battery manufacturing company, today announced the successful completion of Site Acceptance Testing (SAT) for its High Volume Manufacturing (HVM) line at Fab2 in Malaysia. This milestone, achieved in late December, is a critical step toward enabling Fab2 to begin mass production in 2025, supporting the company's strategy to meet growing global demand for high energy density battery solutions. SAT validates the readiness of the manufacturing equipment through comprehensive testing. It follows the Factory Acceptance Testing (FAT) milestone completed earlier in 20
FREMONT, Calif., Dec. 30, 2024 (GLOBE NEWSWIRE) -- Enovix Corporation ("Enovix") (NASDAQ:ENVX), a Silicon Valley high-performance battery manufacturing company, today announced the appointment of Kristina Truong as its first Senior Vice President and Chief Accounting Officer. Kristina will oversee all accounting, controllership and financial reporting, including Sarbanes-Oxley controls. She will also play a key role as part of Enovix's senior leadership team, helping to drive operational excellence and financial transparency as the Company enters its next phase of growth. Enovix CEO Raj Talluri commented, "With Enovix poised for significant growth in 2025 and beyond, and operating in five
FREMONT, Calif., Dec. 20, 2024 (GLOBE NEWSWIRE) -- Enovix Corporation ("Enovix") (NASDAQ:ENVX), a Silicon Valley high-performance battery manufacturing company, today announced the major milestone of shipping second-generation EX-2M samples to customers manufactured in its Malaysian Fab 2 plant. Consistent with its plan, the samples demonstrated an energy density improvement of approximately 10% over EX-1M products scheduled for mass 2025 production in Malaysia. EX-2M is expected to launch in 2026 and assure Enovix's energy density lead in the smartphone industry. As a result of recent manufacturing progress, the Company also announced that it had received its first mobile phone customer