Enovix gains on US Army order for battery cells

Enovix

27/06/2023 13:43

** Shares of battery maker Enovix  ENVX.O  up 6.6% at $13.99
premarket
    ** Co receives order from U.S. Army to produce battery cells
    ** Says the cells would be used to power a soldier's central
power source called the Conformal Wearable Battery
    ** Adds that its cells could provide advantages such as
longer lasting and lighter battery packs
    ** Up to last close, stock had risen 5.5% YTD

 (Reporting by Sourasis Bose in Bengaluru)
 ((Sourasis.bose@thomsonreuters.com))