Professional
Added to YB: 2024-08-08
Pitch date: 2024-07-23
ENVX [bullish]
Enovix Corporation
-45.73%
current return
Author Info
Massif Capital invests in Basic Materials, Energy, and Industrial businesses, creating a unique portfolio that produces uncorrelated long-term capital appreciation. Follow on Twitter/X.
Company Info
Enovix Corporation designs, develops, and manufactures lithium-ion battery cells in the United States and internationally.
Market Cap
$1.7B
Pitch Price
$15.92
Price Target
N/A
Dividend
N/A
EV/EBITDA
-12.86
P/E
-9.65
EV/Sales
55.40
Sector
Electrical Equipment
Category
growth
Massif Capital Portfolio Holding: Enovix Corporation
ENVX: Silicon anode battery maker w/ superior energy density & safety. Pre-revenue, but progressing 1st manufacturing line & building customer base. Thesis: if scalable production achieved, incremental improvement over current batteries = demand, premium pricing, superior cash flow. Wide value spread due to pre-revenue status. Selling puts/calls to capitalize on volatility.
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