Reported 1 day ago
Enovix Corporation (NASDAQ:ENVX) is gaining attention as a notable player in the small-cap electric vehicle (EV) market, specializing in advanced lithium-ion batteries. Despite a slower-than-anticipated adoption of EVs overall, Enovix's innovative battery technology positions it as a strong contender among the 12 best small-cap EV stocks highlighted by hedge funds. With a market cap of $1.19 billion and multiple partnerships with automotive OEMs for developing its battery design, the company's growth potential is notable, although recent analysts have tempered price expectations. Overall, ENVX ranks 10th among small-cap EV stocks to consider.
Source: YAHOO