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ENVX - Enovix Powers Up With New Deal: Buy This Stock
Enovix Corporation
2024-07-05 13:52:14 ET
Summary
Enovix secured a California-based customer for its high-energy density batteries.
I estimate shareholder dilution is lowered from 7% to 4%, potentially even less.
Simple setup: Less need for capital through equity dilution makes Enovix stock more attractive, with promising future prospects toward 2025-2026 production.
Investment Thesis
Enovix ( ENVX ) signed up a California-based customer who is willing to pay up for its high energy density batteries....