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.
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