At least three sell-side firms lowered their ratings on Enovix before the battery maker’s shares fell 13.3% Friday, Nov. 13. The stock touched $1.53 intraday, its lowest point in 52 weeks.
Enovix had said a multinational drone systems provider that it did not name placed an initial order for 100,000 battery units. Deliveries are scheduled for the first half of 2027.



