QUICK BUY ALERT: ENOVIX (ENVX)

We’re keeping things short and sweet with this one. Although we own Enovix (ENVX) in our personal portfolio, we believe it would also be a great addition to the site portfolio. Enovix is a battery play and a good one at that!

The company makes incredibly high-end and innovative batteries using its one-of-a-kind cell architecture. These batteries are so good that they extend the battery life of various devices for substantial periods. Again, this is thanks to the batteries’ cell architecture, which is a bit hard to explain. Essentially, the company has managed to fit more electrodes into singular battery cells, which puts less strain on the electrodes since there are more to work with.

Furthermore, the addition of these extra electrodes allows for higher energy-density batteries. Enovix also signed a contract with a large-scale electronics company about a year ago, but who that company might be hasn’t yet been announced. They’ve recently increased the speed at which they’ve also been manufacturing these batteries. You can see why these two things together are significant.

All of this, alongside the stock itself being in a technically good spot on the charts, makes it an easy buy. We’ve purchased Enovix (ENVX) at $14.05. For more information about the company, click here.