Enovix is a Silicon Valley company creating next gen battery tech that will power technologies of the future, including everything from smart watches to VR goggles and EVs (eventually).
The company is led by a team of semiconductor industry veterans with tons of experience in scaling manufacturing and growing companies.
The Board is led by TJ Rodgers from $ENPH fame and the board is convicted that creating a better battery is one the next large challenges that tech needs to solve, is prime for disruption, and they are dedicated to taking on the challenge.
Enovix has been doing R&D for 10+ years and they are finally ready to start mass producing their batteries.
They have lots of large customers in the pipeline and they just announced a purchase order from a supplier for the US Army which is why the price increased this week.
Investors are waiting for more press releases such as manufacturing updates, additional POs, etc.
The company is pre-profit and the reason i think it’s a good time to get into it is because they just released their first PO, they have a plan to start mass producing by end of 2024, to grow revenue exponentially, to become profitable in less than 4 years, and the general public is not aware of this stock yet.
The stock is currently $18 but has gone as high as $30+ in the past, and has been uptrending since the beginning of this year.
There is chatter in the ENVX community that this stock has the potential to be a NVDA or ENPH type of stock because they have unlimited customers/huge TAM.
I’m convicted of the tech and the team and I’m not taking any chances to miss on life changing gains so I’m betting big on $ENVX.
Here are some reasons I'm bullish on ENVX (DYOR NFA):
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Compelling use case and understandable product: ENVX offers an innovative, high-performance battery solution designed to power future devices more efficiently, safer, and for longer durations. As someone who prefers to invest in things I understand, this makes sense to me.
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Experienced and accomplished team: ENVX benefits from a team of Silicon Valley veterans who possess deep expertise and a successful track record in the industry. This includes TJ Rodgers from $ENPH.
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Partnerships: ENVX has received PO, interest and secured partnerships with well-known companies and the US military, enhancing its credibility and market reach.
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Establishing a moat: ENVX is strategically building a strong competitive advantage through a combination of patents and specialized, custom, and costly equipment necessary for battery production, making it difficult for competitors to replicate their offerings.
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Consistent flow of company news and updates: ENVX consistently communicates important milestones, achievements, and progress, ensuring transparency and fostering investor confidence.
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Active and engaged community: The ENVX community has a strong presence on Twitter and other social media platforms. Might even have the potential to be a Reddit favorite, just like $ENPH is.
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Potential for profitability and mass production within the next 1-2 years: After a decade of R&D, ENVX is now on track to achieve profitability and ramp up mass production in the near future, potentially leading to revenue growth. The old exec team was just replaced this year with a new team with more/better experience.
- Potential for widespread adoption: ENVX's superior battery technology positions them well for mass adoption, given the increasing demand for long-lasting and efficient power solutions in various industries.
Let me know if you have any Q’s.
My current position is shares and 2025 calls. Currently 50% of my portfolio. Excited for the future
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