Enovix rises after 100,000-unit battery order for drone systems

Enovix

14/10/2026 11:19

**  Shares of battery maker Enovix Corp ENVX.O rise 9.8% to $2.8 premarket
** Co announces a 100,000-unit battery purchase order from a multinational provider of dual-use drone systems
** Deliveries are scheduled for H1 2027, with the co expecting follow-on orders for the program in H2 2027
** Co reported higher Q3 prelim rev on Monday, citing strong drone demand driven by non-Chinese battery sourcing needs
** 8 of 12 brokerages rate the stock "buy" or higher, three "hold" and one "sell"; median PT is $9.50 — data compiled by LSEG
** Stock down 65.7% YTD, as of last close

(Reporting by Anand Gopal in Bengaluru)
((AnandGopal.R@thomsonreuters.com))