Aggressive Stock Portfolio: 5 Stocks Picked by Analysts

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1. Enovix Corporation (NASDAQ:ENVX)

Average Analyst Price Target as of March 28: $28.75

Upside Potential as of March 28: 258.93%

Number of Hedge Fund Holders: 25

Sao Paulo, Brazil-based Enovix Corporation (NASDAQ:ENVX) is an advanced silicon battery company with a disruptive architecture that enables a battery with high energy density. The company is scaling its silicon-anode, lithium-ion battery manufacturing capabilities to meet customer demand.

During Q4 2023, Enovix Corporation (NASDAQ:ENVX) completed the acquisition of Routejade, an established Korean battery manufacturer. The company also built out approximately 250,000 square feet of factory space and began receiving shipments of Gen2 equipment that had cleared Factory Acceptance Testing. It remains on track to produce first silicon battery samples from Fab2 in April.

As of Q4 2023, 25 prominent hedge funds tracked by Insider Monkey held shares of Enovix Corporation (NASDAQ:ENVX), valued at $173 million. John Shaver’s Electron Capital Partners was the lead hedge fund shareholder with ownership of 3.2 million shares valued at $41 million.

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