William Blair initiated coverage of Enovix with an Outperform rating. The firm is extending its Energy and Sustainability research coverage into energy storage, specifically, lithium-ion battery, or LIB, technologies and launching coverage of a group of four companies in the advanced LIB industry, two pursuing high-content silicon and two developing Li-metal. Among the four, Enovix is its only Outperform rating as the firm believes Enovix will succeed in scaling and become a “significant player” in the consumer electronics battery supplier industry.
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