Enovix Corporation $ENVX Shares Sold by Electron Capital Partners LLC

Electron Capital Partners LLC reduced its stake in Enovix Corporation (NASDAQ:ENVX) by 23.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,628,317 shares of the company’s stock after selling 1,425,734 shares during the quarter. Enovix comprises approximately 0.9% of Electron Capital Partners LLC’s portfolio, making the stock its 26th biggest holding. Electron Capital Partners LLC’s holdings in Enovix were worth $23,975,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in ENVX. The Manufacturers Life Insurance Company boosted its stake in shares of Enovix by 8.9% during the 1st quarter. The Manufacturers Life Insurance Company now owns 86,474 shares of the company’s stock worth $448,000 after purchasing an additional 7,075 shares during the last quarter. SummitTX Capital L.P. purchased a new position in shares of Enovix during the first quarter valued at approximately $167,000. Gateway Wealth Partners LLC acquired a new stake in Enovix during the first quarter worth approximately $68,000. Waverly Advisors LLC boosted its position in Enovix by 51.1% during the first quarter. Waverly Advisors LLC now owns 68,000 shares of the company’s stock worth $352,000 after acquiring an additional 23,000 shares during the last quarter. Finally, Inceptionr LLC purchased a new stake in Enovix in the 1st quarter worth approximately $501,000. Institutional investors and hedge funds own 50.92% of the company’s stock.

Enovix Stock Up 7.1%

ENVX stock opened at $4.23 on Tuesday. Enovix Corporation has a 1-year low of $3.90 and a 1-year high of $15.40. The firm has a fifty day moving average price of $6.18 and a two-hundred day moving average price of $6.20. The company has a debt-to-equity ratio of 2.14, a current ratio of 10.97 and a quick ratio of 10.65. The firm has a market cap of $922.77 million, a price-to-earnings ratio of -5.10 and a beta of 2.26.

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

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ENVX. JPMorgan Chase & Co. lowered Enovix from a “neutral” rating to an “underweight” rating in a research note on Wednesday, May 6th. TD Cowen decreased their price target on Enovix from $7.00 to $5.50 and set a “hold” rating on the stock in a research note on Friday. Oppenheimer decreased their price target on shares of Enovix from $24.00 to $21.00 and set an “outperform” rating on the stock in a report on Thursday, May 14th. Benchmark dropped their price objective on Enovix from $25.00 to $15.00 and set a “buy” rating for the company in a report on Thursday, May 14th. Finally, Wall Street Zen upgraded shares of Enovix from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 16th. Six analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $12.50.

About Enovix

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.