Top 5 Stock Picks of Peter S. Park’s Park West Asset Management

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1. Enovix Corporation (NASDAQ:ENVX)

Park West Asset Management Stake Value: $228,798,000
Percentage of Park West Asset Management’s 13F Portfolio: 5.43%
Number of Hedge Fund Holders: 23

Enovix Corporation (NASDAQ:ENVX) develops and manufactures innovative silicon-anode lithium-ion batteries. The company’s patented 3D cell layout boosts energy density while also ensuring long cycle life. In November, Enovix Corporation (NASDAQ:ENVX) published its financial results for the third quarter, announcing a loss per share of $0.08, beating estimates by $0.02.

Cowen analyst Gabe Daoud initiated coverage of Enovix Corporation (NASDAQ:ENVX) on January 4 with an “Outperform” rating and a $32 price target. Park West Asset Management added Enovix Corporation (NASDAQ:ENVX) to its portfolio in the third quarter of 2021 by purchasing 12.73 million shares.

Overall, 23 hedge funds monitored by Insider Monkey were bullish on Enovix Corporation (NASDAQ:ENVX) in the third quarter. The collective stakes held by these funds are valued at $661.84 million.

You can also take a look at Top 10 Stock Picks of Billionaire Nicholas Pritzker and Top 10 Stock Picks of Barry Rosenstein’s JANA Partners

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