Enovix: Manufacturing Ramping Up Through H2 But Investor Dilution Ahead [Seeking Alpha]
Enovix Corporation (ENVX)
Company Research
Source: Seeking Alpha
Enovix is a pre-profit battery manufacturer trading 30% below its IPO price, focusing on higher energy density silicon-anode cells using their unique patented cell architecture. Wall Street estimates assume the company will achieve roughly 4.6% market share across their $12bn TAM in FY27. Financial forecasts suggest profitability by FY27, but high cash burn and potential dilution pose risks, justifying a 'hold' rating. Despite dilution concerns, Enovix's technological edge and potential for new deals in 2025-2026 offer upside, possibly triggering a short squeeze. The company is focusing on working through the sales funnel speaking with and supplying OEMs with sample batches. Smartphone orders are expected in 2025. JHVEPhoto Background Envoix ( NASDAQ: ENVX ) is pre-profit battery designer and manufacturer valued at $1.8bn who came to market during the SPAC boom in 2021. Enovix trades roughly 30% below its initial floating price of $13.60. The company has a patented
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ENVX
News
- Enovix Set To Meet Q4 Expectations, Eyes Smartphone Battery Breakthrough: JP Morgan [Yahoo! Finance]Yahoo! Finance
- Glancy Prongay & Murray LLP Announces Investigation of Enovix Corporation (ENVX)Business Wire
- Enovix to Release Fourth Quarter and Full Year 2024 Financial Results on February 19, 2025 [Yahoo! Finance]Yahoo! Finance
- Enovix to Release Fourth Quarter and Full Year 2024 Financial Results on February 19, 2025GlobeNewswire
- Most Volatile Position of Massif Capital: Enovix (ENVX) [Yahoo! Finance]Yahoo! Finance
ENVX
Earnings
- 10/29/24 - Beat
ENVX
Sec Filings
- 2/14/25 - Form 4
- 2/14/25 - Form 4
- 2/14/25 - Form 4
- ENVX's page on the SEC website