Enovix Corporation $ENVX Shares Sold by Electron Capital Partners LLC

Electron Capital Partners LLC reduced its holdings in Enovix Corporation (NASDAQ:ENVX) by 24.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,054,051 shares of the company’s stock after selling 1,984,345 shares during the quarter. Enovix accounts for 2.1% of Electron Capital Partners LLC’s portfolio, making the stock its 18th largest position. Electron Capital Partners LLC’s holdings in Enovix were worth $44,255,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in ENVX. Caitlin John LLC acquired a new stake in Enovix in the 3rd quarter valued at approximately $27,000. Parallel Advisors LLC increased its position in Enovix by 51.9% in the 3rd quarter. Parallel Advisors LLC now owns 3,926 shares of the company’s stock valued at $39,000 after acquiring an additional 1,342 shares during the period. CWM LLC increased its position in Enovix by 95.4% in the 4th quarter. CWM LLC now owns 6,081 shares of the company’s stock valued at $44,000 after acquiring an additional 2,969 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in Enovix in the 4th quarter valued at approximately $72,000. Finally, Bowman & Co S.C. acquired a new stake in Enovix in the 4th quarter valued at approximately $73,000. 50.92% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on ENVX shares. TD Cowen restated a “buy” rating on shares of Enovix in a research report on Thursday, May 14th. Weiss Ratings restated a “sell (e+)” rating on shares of Enovix in a research report on Friday, April 10th. Canaccord Genuity Group lowered their target price on Enovix from $21.00 to $15.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Oppenheimer lowered their target price on Enovix from $24.00 to $21.00 and set an “outperform” rating on the stock in a research report on Thursday, May 14th. Finally, Wells Fargo & Company set a $6.00 target price on Enovix in a research report on Thursday, March 12th. Seven research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Enovix currently has an average rating of “Moderate Buy” and a consensus target price of $12.64.

Enovix Stock Performance

Shares of NASDAQ ENVX opened at $6.69 on Thursday. The stock has a fifty day moving average price of $6.76 and a two-hundred day moving average price of $6.74. The company has a debt-to-equity ratio of 2.14, a quick ratio of 10.65 and a current ratio of 10.97. The firm has a market cap of $1.46 billion, a P/E ratio of -8.06 and a beta of 2.27. Enovix Corporation has a 1 year low of $4.61 and a 1 year high of $16.49.

Enovix (NASDAQ:ENVX) last issued its quarterly earnings results on Wednesday, May 13th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.01. The firm had revenue of $7.60 million during the quarter, compared to analyst estimates of $6.95 million. Enovix had a negative return on equity of 64.28% and a negative net margin of 499.64%.The firm’s quarterly revenue was up 49.1% on a year-over-year basis. During the same period last year, the company posted ($0.15) EPS. Enovix has set its Q2 2026 guidance at -0.170–0.130 EPS. Research analysts forecast that Enovix Corporation will post -0.79 EPS for the current fiscal year.

Enovix Company Profile

Enovix Corporation (NASDAQ: ENVX) develops and manufactures advanced lithium-ion battery cells with a patented three-dimensional silicon-anode architecture. The company’s core focus is on delivering high energy density, improved safety, and longer cycle life compared to conventional graphite-based cells. Enovix’s technology targets a range of applications, including consumer electronics, wearable devices, electric vehicles and stationary energy storage systems.

Founded in 2011 and headquartered in Fremont, California, Enovix has built pilot production capability and is scaling up manufacturing capacity to meet growing demand.