Northland Maintains An Outperform Rating On Enovix Corporation (ENVX)

Group 1 - Enovix Corporation (NASDAQ:ENVX) is recognized as one of the 10 Best EV Stocks to Buy heading into 2026 [1] - Northland analyst Gus Richard has reduced Enovix's price objective from $25 to $16 while maintaining an Outperform rating due to slower-than-expected growth in mobile phone revenue [2] - The company raised over $500 million in the third quarter, but Northland described the delay in mobile phone ramp as "disappointing" and revised its financial outlook accordingly [3] Group 2 - In the most recent quarter, Enovix reported an 85% year-over-year increase in revenue to $8 million, with a non-GAAP gross profit of $1.7 million, reflecting a 21% margin [4] - As of the end of the third quarter of 2025, Enovix had $648 million in cash and marketable securities [4] - Enovix is focused on commercializing the AI-1, the world's first consumer-ready 100% active silicon battery [5]