Why Enovix Stock Is Soaring Today

·1 min read

Shares of Enovix (NASDAQ: ENVX) had skyrocketed more than 32% by 1:28 p.m. ET on Thursday. Powering the battery development company's surge was news that it had reached several significant customer milestones in the second quarter. Enovix, the leader in silicon lithium-ion batteries, started shipping commercial cells in the second quarter, enabling it to finally begin recording revenue.