B. Riley analyst Christopher Souther last night initiated coverage of Enovix with a Buy rating and $19 price target. The company’s advanced technology in lithium-ion batteries "will carve out significant share by 2025," Souther tells investors in a research note. Silicon anode cells "promise to dominate mobile communications," and Enovix is in an early stage of commercialization, with initial cells already shipping to customers, says the analyst.
Published first on TheFly
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