ENVX

Enovix Corporation

SPAC, Industrial/Transportation


Presented:01/28/2022
Price:$14.83
Cap:$2.15B
Current Price:$11.93
Cap:$2.10B

Presented

Date01/28/2022
Price$14.83
Market Cap$2.15B
Ent Value$2.40B
P/E RatioN/A
Book Value$2.23
Div Yield0%
Shares O/S145.25M
Ave Daily Vol1,262,447
Short IntN/A

Current

Price$11.93
Market Cap$2.10B
Enovix Corp. engages in advanced silicon-anode lithium-ion battery development and production. The firm's proprietary 3D cell architecture increases energy density and maintains high cycle life. It is also developing its 3D cell technology and production process for the electric vehicle and energy storage markets to help enable utilization of renewable energy. The company was founded by Mr. Harrold Jones Rust, III, Ashok Lahiri, and Murali Ramasubramanian in November 2006 and is headquartered in Fremont, CA.

Publicly traded companies mentioned herein: Apple Inc (APPL), Dell Technologies Inc (DELL), Enovix Corp (ENVX), Garmin Ltd (GRMN), Meta Platforms Inc (FB), Motorola Solutions Inc (MSI), Murata Manufacturing Co Ltd (6981 JP), Snap Inc (SNAP), QuantumScape Corp (QS)

Highlights

The presenter is long Enovix Corp (ENVX), a leader in the design and manufacture of next-generation 3D Silicon Lithium-ion batteries. Enovix invented and sells a proprietary “stacked” 3D cell architecture that roughly doubles the energy density per volume of battery and maintains a much higher cycle life vs. traditional batteries. The inputs and input costs are about the same as traditional batteries, but the significantly higher energy density represents a potentially seismic shift in performance improvement for consumer electronics broadly.

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Idea Discussion

Commentor 1 - 2 weeks ago

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