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Enovix Stock Falls 13.3% and Hits a 52-Week Intraday Low

The customer for Enovix’s 100,000-unit battery order is a multinational drone systems provider the company has not identified; deliveries are scheduled for the first half of 2027.

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A technician inspects a small battery cell at Enovix’s innovation center in Fremont, California. (AI-generated image / EconoTimes)
A technician inspects a small battery cell at Enovix’s innovation center in Fremont, California. (AI-generated image / EconoTimes)

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.

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