Latest news with #Enovix
Yahoo
a day ago
- Business
- Yahoo
Enovix (ENVX) Jumps 20.76% as Lawmakers Rethink Clean Energy Credit Cuts
Enovix Corporation (NASDAQ:ENVX) is one of the . Enovix Corporation (NASDAQ:ENVX) extended its winning streak to a third consecutive day on Thursday, surging 20.76 percent to close at $10.53 apiece following news that Senate lawmakers are planning to implement gentler cuts to clean energy tax credits. While the Senate would still seek to lower credits for clean energy, Senator Kevin Cramer said that the upper chamber's version may ultimately 'be a little more generous' than the House's. The proposed cuts, which form part of the One Big Beautiful Bill Act, sought to claw back funding currently enjoyed under the Inflation Reduction Act (IRA), by ending most credits earlier than originally laid out. Battery manufacturers, such as Enovix Corporation (NASDAQ:ENVX), are benefiting from Section 45x of the IRA, which incentivizes eligible companies in a bid to ramp up domestic production. A close-up of a battery cell being assembled with intricate precision. Enovix Corporation (NASDAQ:ENVX) is engaged in providing electronic components, including advanced silicon-anode lithium-ion battery development and production. While we acknowledge the potential of ENVX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Business Insider
30-04-2025
- Business
- Business Insider
Analysts Have Conflicting Sentiments on These Industrial Goods Companies: JetBlue Airways (JBLU) and Enovix (ENVX)
Companies in the Industrial Goods sector have received a lot of coverage today as analysts weigh in on JetBlue Airways (JBLU – Research Report) and Enovix (ENVX – Research Report). Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. Enovix (ENVX) In a report released yesterday, Anthony Stoss from Craig-Hallum maintained a Buy rating on Enovix. The company's shares closed last Tuesday at $6.77, close to its 52-week low of $5.70. According to Stoss is a 4-star analyst with an average return of 3.0% and a 46.9% success rate. Stoss covers the Technology sector, focusing on stocks such as indie Semiconductor, Skyworks Solutions, and Digi International. Currently, the analyst consensus on Enovix is a Strong Buy with an average price target of $20.43, a 195.7% upside from current levels. In a report issued on April 24, J.P. Morgan also maintained a Buy rating on the stock with a $10.00 price target.
Yahoo
17-04-2025
- Business
- Yahoo
Enovix Appoints Ryan Benton as Chief Financial Officer
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 battery mass production, customer demand is solidifying, and we expect to see an important consumer product launch by the end of the year.' Chairman T.J. Rodgers said, 'Ryan Benton is the best CFO candidate I've interviewed in a couple of years. He understands that investor candor is the best course, even if you have some disappointment to report. For example, he would have said about our recent Korean acquisition: We bought the second half of a well-run Korean company (Routejade) for a great price, and they will make our anode and cathode electrode sheets much cheaper and with higher quality than our current suppliers. With the turmoil in tariffs right now, we have a very competent Korean supplier that is capable of adding millions in profitable revenue — an unexpected bonus.' 'I am thrilled to join Enovix,' said CFO Ryan Benton. 'AI is transforming the consumer electronics industry and putting immense pressure on battery suppliers. Enovix is poised to rise to this challenge with its breakthrough architecture for silicon-anode batteries, semiconductor manufacturing culture and deep customer relationships.' Ryan's first public appearance as Enovix CFO will be during the company's first quarter 2025 earnings call on Wednesday, April 30, after the close of the market. To join the call, participants must use the following link to register: This link will also be available via the Investor Relations section of Enovix's website at Investors may also submit questions on the registration page that they would like addressed on the call by Enovix management. Mr. Benton will also represent Enovix at the J.P. Morgan Global Technology, Media and Communications Conference in Boston on May 14 and the William Blair Growth Stock Conference in Chicago on June 4. About Enovix Enovix is on a mission to deliver high-performance batteries that unlock the full potential of technology products. Everything from IoT, mobile, and computing devices, to vehicles and headsets, needs a better battery. The company has developed an innovative, materials-agnostic approach to building a higher performing battery without compromising safety, and it partners with OEMs worldwide to usher in a new era of user experiences. Enovix is headquartered in Silicon Valley with facilities in India, Korea and Malaysia. For more information visit and follow the Company on LinkedIn. Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of federal securities laws, including but not limited to statements regarding the Company's future performance, market opportunities driven by artificial intelligence, growth strategy, anticipated product launches and customer product commercialization plans, cost and quality improvements from supply chain initiatives, and the impact of executive leadership. These statements are based on current expectations and are subject to risks and uncertainties that could cause actual results to differ materially. Factors that may cause such differences include, among others, those described in our filings with the Securities and Exchange Commission, including our most recent annual and quarterly reports. Enovix undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of this release. Investor Contact:Enovix CorporationRobert LaheyEmail: ir@ Media Contact:Bateman Agency for EnovixKaelyn AttridgeEmail: enovix@
Yahoo
31-03-2025
- Business
- Yahoo
Enovix Reports Progress on 2025 Smartphone Launch
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. Enovix received formal ISO certification last week. 'I am pleased that our team continues to progress our most advanced smartphone agreement in-line with our aim for mass production late 2025,' said Enovix CEO Raj Talluri. 'Passing the ISO audit and receiving the certification was also a significant milestone, reflecting our deep commitment to quality in manufacturing operations.' About Enovix Enovix is on a mission to deliver high-performance batteries that unlock the full potential of technology products. Everything from IoT, mobile, and computing devices, to vehicles and headsets, needs a better battery. The company has developed an innovative, materials-agnostic approach to building a higher performing battery without compromising safety, and it partners with OEMs worldwide to usher in a new era of user experiences. Enovix is headquartered in Silicon Valley with facilities in India, Korea and Malaysia. For more information visit and follow the company on LinkedIn. Investor Contact: Enovix Corporation Robert Lahey Email: ir@ Media Contact: Bateman Agency for Enovix Kaelyn Attridge Email: enovix@
Yahoo
24-03-2025
- Business
- Yahoo
Insider Picks For High Growth Companies In March 2025
As the U.S. stock market experiences a rebound with the S&P 500 and Nasdaq snapping their four-week losing streaks, investors are keenly observing how big tech influences these indices amidst ongoing economic uncertainties. In this environment, growth companies with high insider ownership can present intriguing opportunities, as insider stakes often signal confidence in a company's long-term potential despite short-term market fluctuations. Name Insider Ownership Earnings Growth Atour Lifestyle Holdings (NasdaqGS:ATAT) 25.5% 25.7% Super Micro Computer (NasdaqGS:SMCI) 14.2% 30.4% Duolingo (NasdaqGS:DUOL) 14.4% 37.1% Hims & Hers Health (NYSE:HIMS) 13.2% 21.8% Corcept Therapeutics (NasdaqCM:CORT) 11.7% 36.7% Coastal Financial (NasdaqGS:CCB) 14.5% 46.3% Astera Labs (NasdaqGS:ALAB) 15.9% 61.3% BBB Foods (NYSE:TBBB) 16.2% 41.1% Upstart Holdings (NasdaqGS:UPST) 12.7% 100.1% Credit Acceptance (NasdaqGS:CACC) 14.4% 33.6% Click here to see the full list of 205 stocks from our Fast Growing US Companies With High Insider Ownership screener. Underneath we present a selection of stocks filtered out by our screen. Simply Wall St Growth Rating: ★★★★★★ Overview: Enovix Corporation designs, develops, and manufactures lithium-ion battery cells both in the United States and internationally, with a market cap of approximately $1.62 billion. Operations: The company's revenue is primarily derived from its Batteries / Battery Systems segment, which generated $23.07 million. Insider Ownership: 12.2% Return On Equity Forecast: 36% (2027 estimate) Enovix is positioned for substantial growth, with forecasted revenue expansion of 45% annually, outpacing the US market. Despite recent losses, its innovative battery solutions and new manufacturing capabilities in Malaysia indicate potential profitability within three years. The company's recent partnerships and pre-paid orders from major tech firms underscore its strategic positioning in emerging markets like Mixed Reality. However, the stock has experienced high volatility recently, which may concern some investors. Take a closer look at Enovix's potential here in our earnings growth report. The valuation report we've compiled suggests that Enovix's current price could be inflated. Simply Wall St Growth Rating: ★★★★★★ Overview: Super Micro Computer, Inc. develops and sells high-performance server and storage solutions based on modular and open architecture globally, with a market cap of approximately $25.02 billion. Operations: The company's revenue primarily comes from its high-performance server solutions, generating approximately $20.82 billion. Insider Ownership: 14.2% Return On Equity Forecast: 30% (2027 estimate) Super Micro Computer is experiencing significant growth, with earnings expected to rise 30.44% annually, surpassing US market averages. The company recently announced innovative AI and storage solutions in collaboration with NVIDIA and WEKA, enhancing its position in high-performance computing markets. Despite recent insider selling and share price volatility, Super Micro trades at a substantial discount to its estimated fair value. Its robust product pipeline and strategic partnerships suggest strong potential for future expansion in AI-driven sectors. Delve into the full analysis future growth report here for a deeper understanding of Super Micro Computer. The valuation report we've compiled suggests that Super Micro Computer's current price could be quite moderate. Simply Wall St Growth Rating: ★★★★★★ Overview: BBB Foods Inc. operates a chain of grocery retail stores in Mexico and has a market cap of $2.95 billion. Operations: The company's revenue is primarily derived from the sale, acquisition, and distribution of all types of products and consumer goods, totaling MX$53.41 billion. Insider Ownership: 16.2% Return On Equity Forecast: 22% (2027 estimate) BBB Foods is poised for robust growth, with earnings projected to increase 41.1% annually, outpacing the US market. Recent financial guidance indicates revenue growth of over 30% for 2024, supported by a $593.25 million equity offering that strengthens its capital base. Despite trading at a significant discount to fair value and no recent insider trading activity, BBB Foods' high forecasted return on equity and profitability underscore its potential in the competitive food industry landscape. Dive into the specifics of BBB Foods here with our thorough growth forecast report. Our valuation report unveils the possibility BBB Foods' shares may be trading at a discount. Explore the 205 names from our Fast Growing US Companies With High Insider Ownership screener here. Already own these companies? Bring clarity to your investment decisions by linking up your portfolio with Simply Wall St, where you can monitor all the vital signs of your stocks effortlessly. Invest smarter with the free Simply Wall St app providing detailed insights into every stock market around the globe. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks analysis only considers stock directly held by insiders. It does not include indirectly owned stock through other vehicles such as corporate and/or trust entities. All forecast revenue and earnings growth rates quoted are in terms of annualised (per annum) growth rates over 1-3 years. Companies discussed in this article include NasdaqGS:ENVX NasdaqGS:SMCI and NYSE:TBBB. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
