Enovix Shares Rise After New Pre-Paid Battery Order

Dow Jones

01-07

By Chris Wack

Enovix shares were up 27% to $15.77 after the company said it has secured a significant pre-paid order from a leading AI and immersive tech company.

The Fremont, Calif., battery manufacturer said the deal involves advanced batteries for next-generation Mixed Reality wearables, like smart glasses and AR devices.

Deliveries are set for mid-2025.

Shares of Enovix hit their 52-week high of $18.68 on July 16, and are up 28% in the past 12 months.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

January 07, 2025 10:04 ET (15:04 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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