Enovix to surpass Q2 production outlook, shares rise

Enovix

16/06/2023 12:01

** Shares of lithium-ion battery maker Enovix Corp  ENVX.O 
rise 8% to $14.8 premarket
    ** Co says it has already achieved its Q2 production
forecast of 18,000 units and now expects to exceed production
outlook 
    ** Co is expected to report Q2 results on Aug. 8
    ** For FY23, ENVX expects to produce 180,000 cells
    ** In Q1, co missed Wall St estimates for sales - Refinitiv
data
    ** Up to last close, stock had risen 10% YTD 

 (Reporting by Johann M Cherian in Bengaluru)
 ((johann.mcherian@thomsonreuters.com;))