Enovix (ENVX) Plans to Double Drone Battery Capacity. Is a $183M Pipeline Enough to Justify the Expansion?

Enovix Corporation (NASDAQ:ENVX) shares fell 3.8% to $3.27 on August 20, the day the company announced plans to double its production capacity for drone batteries in South Korea. The expansion could strengthen Enovix’s position in defense and industrial markets, but the headline pipeline figure requires closer examination. Enovix Corporation (NASDAQ:ENVX) expects the added capacity to […]