Why Is Battery Company Enovix Stock Jumping On Wednesday? [Yahoo! Finance]
Enovix Corporation (ENVX)
Company Research
Source: Yahoo! Finance
This milestone follows the initial shipment of samples from Fab1 in California and the opening of the high-volume Fab2 in Malaysia this summer. The company has completed internal UN38.3 certification for the shipping cells, which ensures compliance with the United Nations standard for safely transporting lithium-ion batteries, adhering to stringent international safety and abuse tolerance requirements. Following the shipment of samples in the third quarter of 2024, the company plans to begin high-volume production in 2025. Ajay Marathe, COO of Enovix, stated, “This success with the Agility line is an encouraging early indicator as we prepare for the high-volume line, which is on track for Site Acceptance Testing (SAT) completion.” In August, Enovix announced that it signed a collaboration agreement with a Fortune 200 company to provide silicon batteries for the IoT product category The company also disclosed in July that it signed a Memorandum of Understanding (MOU) with a
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ENVX
News
- Enovix Corporation (ENVX): This Small-Cap Stock Is Ready To Explode [Yahoo! Finance]Yahoo! Finance
- Enovix to Participate in Upcoming Investor EventsGlobeNewswire
- Enovix Completes $100 Million Equity OfferingGlobeNewswire
- Enovix Corporation (NASDAQ:ENVX) Analysts Are Cutting Their Estimates: Here's What You Need To Know [Yahoo! Finance]Yahoo! Finance
- Here's Why Enovix Corporation (ENVX) Is a Great 'Buy the Bottom' Stock Now [Yahoo! Finance]Yahoo! Finance
ENVX
Earnings
- 10/29/24 - Beat
ENVX
Sec Filings
- 11/19/24 - Form 4
- 11/15/24 - Form 4
- 11/12/24 - Form 4
- ENVX's page on the SEC website