Enovix Corporation (ENVX)

Enovix Corp.'s stock price has experienced significant volatility and a general decline over the past six months. As of January 9, 2026, the share price was $7.92, representing a decline of 28.00% from January 13, 2025. Key events impacting the stock include the Q3 2025 earnings report where Enovix reported an EPS of -$0.14, beating analysts' expectations, analyst rating changes from several firms, the Q1 2025 earnings call where Enovix delivered $5.1 million in revenue, the acquisition of battery cell manufacturing assets from SolarEdge Technologies Korea Co Ltd, Q2 2025 revenue guidance of $4.5 million to $6.5 million, and an investigation announced by Pomerantz LLP on behalf of Enovix Corporation investors.

Enovix's revenue has shown some seasonality, as indicated by a decrease in revenue from Q4 2024 to Q1 2025, which management attributed to seasonality and early-stage production transitions. The company's focus on consumer electronics markets suggests that demand could be influenced by product launch cycles and holiday seasons. The company is working to solidify demand for 2026 production, particularly in the smartphone and defense markets.

Enovix Corp. is an advanced silicon battery company focused on revolutionizing energy storage solutions by designing, developing, manufacturing, and commercializing high-performance lithium-ion battery cells. The company operates within the Computers and Technology sector, specifically in the Electrical Products and Battery and Energy Storage industries. Enovix's core innovation lies in its proprietary 3D Silicon Anode™ architecture, which enhances energy density, capacity, and maintains a high cycle life without compromising safety. The company targets high-growth, high-value markets including premium smartphones, wearables, IoT devices, computing, and electric vehicles.

Enovix Corp. has a global presence with its headquarters in Fremont, California. The company generates significant revenue from customers in South Korea, Switzerland, Norway, the United States, and Taiwan. Enovix has expanded its manufacturing capabilities with Fab2 in Malaysia, which achieved ISO 9001 certification. Additionally, Enovix acquired a battery cell manufacturing facility from SolarEdge Technologies in South Korea in April 2025, further expanding its coating capacity and manufacturing growth potential, particularly for the defense sector.

Enovix's brand reputation is characterized by its innovative technology and potential, but also by challenges related to scaling manufacturing and achieving profitability. The company is seen as a pioneering force in the advanced battery technology sector with a commitment to innovation, sustainability, and performance. However, the company has faced significant operational losses and competitive threats, with concerns about unproven manufacturing at scale and a history of missed targets. The company's ability to transition from product sampling to successful product launches and achieve gross profitability in the future will be crucial for its reputation.

Enovix Corp. stock ownership is a mix of institutional, insider, and retail investors. Approximately 50.21% of the company's stock is held by institutional shareholders, 18.82% by Enovix insiders, and 30.97% by retail investors. Major institutional owners include Vanguard Group Inc. and BlackRock, Inc. The largest individual Enovix shareholder is Eclipse GP III LLC, owning 12.58 million shares, representing 5.83% of the company.