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Enovix TodayENVXEnovix$2.58 +0.15 (+5.94%) As of 01:55 PM Eastern This is a fair market value price provided by Massive. Learn more.52-Week Range$2.35▼$13.64Price Target$10.77Add to WatchlistThe autonomous aircraft sector is growing at a rapid pace, yet flight times remain constrained by the physical limits of conventional graphite lithium-ion cells.
Advanced lithium-ion battery manufacturer Enovix reported preliminary Q3 revenues slightly ahead of expectations. Drone and defense customers accounted for approximately 70% of the company's third-quarter sales. Interim management intends to focus on these verticals in the near term. No update was provided on ENVX's long-standing efforts to qualify its proprietary battery technology with leading Chinese smartphone OEMs.
Enovix Corporation (NASDAQ:ENVX) shares are trading higher Wednesday after the company announced a purchase order for 100,000 battery units from a multinational provider of dual-use drone systems.
FREMONT, Calif., Oct. 13, 2026 (GLOBE NEWSWIRE) -- Enovix Corporation ("Enovix" or the "Company," Nasdaq: ENVX), a developer and manufacturer of advanced lithium-ion batteries, today announced a purchase order from a multinational provider of dual-use drone systems. The initial order is for 100,000 battery units, with deliveries scheduled in the first half of 2027 as the customer scales its use of Enovix cells manufactured at the Company's TAA-compliant, military-qualified facility in South Korea. Following successful initial deployment, the customer is expected to place follow-on orders for the program in the second half of 2027 and beyond.
Enovix Corporation (NASDAQ:ENVX) stock is trading higher by more than 2% on Monday as the manufacturer of advanced lithium-ion batteries reported strong preliminary third-quarter 2026 results.
Enovix Corporation (NASDAQ: ENVX - Get Free Report) gapped up before the market opened on Monday. The stock had previously closed at $2.46, but opened at $2.81. Enovix shares last traded at $2.5640, with a volume of 3,463,392 shares changing hands. Analysts Set New Price Targets ENVX has been the topic of several recent analyst reports.
U.S. stocks traded mixed this morning, with the Dow Jones index gaining around 0.4% on Monday.
Enovix (NASDAQ: ENVX - Get Free Report) and Powell Industries (NASDAQ: POWL - Get Free Report) are both industrials companies, but which is the superior investment? We will contrast the two companies based on the strength of their dividends, analyst recommendations, earnings, institutional ownership, valuation, profitability and risk. Earnings and Valuation This table compares Enovix and Powell