ENOVIX CORPORATION
Enovix Corporation is a global high-performance battery company. The Company designs, develops, manufactures, and commercializes lithium-ion (Li-ion) battery cells that increase the amount of energy density and storage capacity relative to conventional battery cells. In addition to designing its batteries, it also develops the advanced manufacturing processes needed to produce its batteries in high volume. It targets a smaller group of large customers that require custom cells. Its technology roadmap is built around a structured progression of battery nodes, with each new generation, such as the EX-1M, EX-2M, EX-3M and so on. The Company, through Routejade, Inc. (Routejade), supplies batteries for wearables, medical devices, headsets, activity trackers, and industrial equipment. Routejade offers product categories, including PD series, FLPB and ASDB series, and SLPB series. The PD series consists of rechargeable coin cells commonly used in healthcare and IoT applications.
Stock Performance Snapshot
Analyst Rating
Analysts recommend buying Enovix stock with a target price of $29.6, indicating strong growth potential.
Financial Health
Enovix Corporation has modest revenue and cash flow but faces challenges with profitability.
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Baskets Featuring ENVX
Solid-State Battery Enablers
These carefully selected companies are building the foundation for a battery revolution focused on enhanced safety and energy density. Professional analysts have identified these critical suppliers and patent-holders as key beneficiaries of the shift to solid-state technology across the energy storage market.
Published: June 17, 2025
Explore BasketWhy You’ll Want to Watch This Stock
Energy Density Edge
Silicon‑anode design targets higher energy per cell and smaller packages — a potential advantage for compact devices, though technical and scale challenges remain.
Manufacturing Scale-Up
Moving from prototypes to high‑volume production is capital‑intensive and operationally demanding; investors should watch yield, unit costs and production milestones.
Market Applications
Focus areas include wearables and portable electronics with possible expansion to automotive and data centre markets, subject to customer adoption and regulatory requirements.
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