Enovix Corp. engages in the design and development of silicon-anode lithium-ion batteries. The company is headquartered in Fremont, California and currently employs 570 full-time employees. The company went IPO on 2020-12-04. The firm 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. The company 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.
Follow-Up Questions
Who is the CEO of Enovix Corp?
Dr. Raj Talluri is the President of Enovix Corp, joining the firm since 2023.
What is the price performance of ENVX stock?
The current price of ENVX is $11.21, it has increased 0.92% in the last trading day.
What are the primary business themes or industries for Enovix Corp?
Enovix Corp belongs to Electrical Equipment industry and the sector is Industrials
What is Enovix Corp market cap?
Enovix Corp's current market cap is $2.2B
Is Enovix Corp a buy, sell, or hold?
According to wall street analysts, 12 analysts have made analyst ratings for Enovix Corp, including 4 strong buy, 10 buy, 4 hold, 0 sell, and 4 strong sell
