ENVX shares hopped up 10% today. A look at what's happening:

Enovix Corporation (ENVX) is trading 10% higher at $13.02 today. 

We're still a few weeks out from earning on August 10, 2022 which seems early for that to be the catalysts for the move. 

More likely is that Enovix is joining peers in the clean and alternative energy sectors that are surging on forward progress in the The Inflation Reduction Act of 2022, as senators Chuck Schumer and Joe Manchin find common ground and the bill proceeds towards Congress.

Enovix Corporation has been trading between a 52-week high of $39.48 and a 52-week low of $7.26. The stock has a market cap of $2.04 Billion.

Enovix is the leader in advanced silicon-anode lithium-ion battery development and production. The company's proprietary 3D cell architecture increases energy density and maintains high cycle life. Enovix is building an advanced silicon-anode lithium-ion battery production facility in the U.S. for volume production.