Enovix Wraps Up Site Acceptance Testing for HVM Line at Fab2

Enovix Corporation ENVX recently announced the successful completion of Site Acceptance Testing (SAT) for its High Volume Manufacturing (HVM) line at Fab2 in Malayasia. This milestone, accomplished in late December, is a significant step toward Fab2's mass production commencement in 2025, supporting the company's objective to fulfill the rising global demand for high energy density battery solutions.SAT confirms the readiness of manufacturing equipment through extensive testing. It follows the Factory Acceptance Testing (FAT) milestone, which was achieved in 2024 and represents the final stage before commercial-scale manufacturing begins. FAT and SAT together ensure that Fab2 is fully able to make high-performance silicon batteries in large quantities, satisfying Enovix's global customers’ stringent demands.Enovix's completion of SAT is a major accomplishment since it shows that it can effectively commercialize its patented manufacturing process. With batteries previously manufactured during the company's testing phases and sent to customers as early samples, the company is now solely focused on converting to full-scale production. The company's advanced technology is attracting a lot of interest from customers, and Fab2 will help it meet demands for large-scale production while upholding the highest standards of quality. This achievement demonstrates the company's ambition of empowering the next generation of devices with battery solutions that redefine performance and durability.In the past year, shares of ENVX have gained 5.9% against the industry’s 70.4% rise.Image Source: Zacks Investment ResearchENVX’s Zacks Rank & Key PicksENVX currently carries a Zacks Rank #3 (Hold).Better-ranked stocks in the Oil Energy space are DT Midstream Inc. DTM, TechnipFMC plc FTI and National Fuel Gas Company NFG. DTM currently sports a Zacks Rank #1 (Strong Buy). DTM beat the Zacks Consensus Estimate in three of the last four quarters, while missing once, with the average earnings surprise being 10.5%. The company's shares have soared 94.3% in the past year. You can see the complete list of today's Zacks #1 Rank stocks here.FTI, which currently carries a Zacks Rank #1, beat the consensus estimate in each of the trailing four quarters. In this time frame, it has delivered an earnings surprise of roughly 39.3%, on average. FTI’s shares have rallied 72.7% over the past year. NFG, currently carrying a Zacks Rank #1, beat the consensus estimate in three of the last four quarters and missed once, with the average earnings surprise being 9.5%. NFG has gained around 22.5% in the past year. Research Chief Names "Single Best Pick to Double"From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report TechnipFMC plc (FTI): Free Stock Analysis Report National Fuel Gas Company (NFG): Free Stock Analysis Report DT Midstream, Inc. (DTM): Free Stock Analysis Report Enovix Corporation (ENVX): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks