Northland Capital Markets Starts SPAC Rodgers Silicon Valley Acquisition (RSVA) at Outperform

March 11, 2021 6:52 AM EST
Get Alerts RSVA Hot Sheet
Price: $15.30 -4.85%

Rating Summary:
    1 Buy, 0 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 18 | Down: 8 | New: 31
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Northland Capital Markets analyst Gus Richard initiates coverage on SPAC Rodgers Silicon Valley Acquisition (NASDAQ: RSVA) with a Outperform rating and a price target of $25.00. RSVA is merging with Enovix.

The analyst commented, "Enovix is at the verge of commercializing its 3D silicon anode li-ion battery technology with world leading energy density specification that is well suited for premium consumer applications such as 5G phones, wearable, VR/AR goggles and laptops. Enovix is engaged with 5 customers and expect customers' to qualify fab-1 at the end of CY21 and ship production by Q2:22."

For an analyst ratings summary and ratings history on Rodgers Silicon Valley Acquisition click here. For more ratings news on Rodgers Silicon Valley Acquisition click here.

Shares of Rodgers Silicon Valley Acquisition closed at $14.22 yesterday.

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