BUZZ-Enovix shares rise due to receiving an order for 100,000 drone system batteries

October 14 - ** Shares of battery manufacturer Enovix Corp (ENVX.O) rose 9.8% to $2.8 in pre-market trading

** The company announced (link) it has received an order for 100,000 battery units from a multinational dual-use drone systems supplier

** Delivery is scheduled for the first half of 2027, and the company expects to receive follow-up orders for the project in the second half of 2027

** On Monday, the company reported preliminary third-quarter (link) revenue growth, attributing it to strong drone demand driven by non-China battery purchases

** Of 12 brokerage firms, 8 rate the stock as "Buy" or above, 3 as "Hold," and 1 as "Sell"; the median target price is $9.50—data compiled by LSEG

** As of the close of the previous trading day, the stock had fallen 65.7% year-to-date

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