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NOVONIX (NVX) Competitors

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$1.18 -0.08 (-6.35%)
Closing price 08/8/2025 04:00 PM Eastern
Extended Trading
$1.20 +0.02 (+1.69%)
As of 08/8/2025 07:48 PM Eastern
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NVX vs. NPWR, SLDP, BLDP, BYRN, SES, EAF, RONI, ELVA, ELPW, and NEOV

Should you be buying NOVONIX stock or one of its competitors? The main competitors of NOVONIX include NET Power (NPWR), Solid Power (SLDP), Ballard Power Systems (BLDP), Byrna Technologies (BYRN), SES AI (SES), GrafTech International (EAF), Rice Acquisition Corp. II (RONI), Electrovaya (ELVA), Elong Power (ELPW), and NeoVolta (NEOV). These companies are all part of the "electrical equipment" industry.

NOVONIX vs. Its Competitors

NET Power (NYSE:NPWR) and NOVONIX (NASDAQ:NVX) are both small-cap electrical equipment companies, but which is the better investment? We will compare the two companies based on the strength of their risk, institutional ownership, profitability, earnings, valuation, media sentiment, analyst recommendations and dividends.

NOVONIX's return on equity of 0.00% beat NET Power's return on equity.

Company Net Margins Return on Equity Return on Assets
NET PowerN/A -22.52% -7.12%
NOVONIX N/A N/A N/A

53.6% of NET Power shares are owned by institutional investors. Comparatively, 0.1% of NOVONIX shares are owned by institutional investors. 2.7% of NET Power shares are owned by insiders. Comparatively, 23.7% of NOVONIX shares are owned by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company is poised for long-term growth.

In the previous week, NET Power had 3 more articles in the media than NOVONIX. MarketBeat recorded 3 mentions for NET Power and 0 mentions for NOVONIX. NET Power's average media sentiment score of 0.81 beat NOVONIX's score of 0.00 indicating that NET Power is being referred to more favorably in the media.

Company Overall Sentiment
NET Power Positive
NOVONIX Neutral

NET Power currently has a consensus target price of $4.00, indicating a potential upside of 49.25%. Given NET Power's stronger consensus rating and higher possible upside, equities research analysts clearly believe NET Power is more favorable than NOVONIX.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
NET Power
1 Sell rating(s)
0 Hold rating(s)
1 Buy rating(s)
1 Strong Buy rating(s)
2.67
NOVONIX
0 Sell rating(s)
0 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
0.00

NET Power has higher earnings, but lower revenue than NOVONIX.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
NET Power$250K2,348.43-$49.19M-$2.06-1.30
NOVONIX$5.85M32.13-$74.82MN/AN/A

NET Power has a beta of 0.72, suggesting that its stock price is 28% less volatile than the S&P 500. Comparatively, NOVONIX has a beta of 2.61, suggesting that its stock price is 161% more volatile than the S&P 500.

Summary

NET Power beats NOVONIX on 9 of the 14 factors compared between the two stocks.

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New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding NVX and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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NVX vs. The Competition

MetricNOVONIXELEC PRODS IndustryComputer SectorNASDAQ Exchange
Market Cap$200.73M$8.55B$29.51B$9.61B
Dividend YieldN/A1.76%3.11%4.14%
P/E RatioN/A13.8250.3124.84
Price / Sales32.1332.791,537.6098.65
Price / CashN/A15.3436.3458.36
Price / Book1.348.447.285.64
Net Income-$74.82M$278.72M$804.09M$265.68M
7 Day Performance0.85%1.94%1.36%4.95%
1 Month Performance10.28%6.77%-1.25%0.83%
1 Year Performance-23.87%5.01%23,946.32%22.18%

NOVONIX Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
NVX
NOVONIX
0.5929 of 5 stars
$1.18
-6.3%
N/A-24.8%$200.73M$5.85M0.00N/AGap Up
NPWR
NET Power
2.5955 of 5 stars
$2.76
+4.9%
$4.00
+44.9%
-69.4%$576.15M$250K-1.3424Upcoming Earnings
SLDP
Solid Power
0.6115 of 5 stars
$3.37
+8.4%
$1.50
-55.5%
+184.7%$557.82M$20.20M-6.61240News Coverage
Earnings Report
Analyst Forecast
BLDP
Ballard Power Systems
1.22 of 5 stars
$1.84
+2.8%
$2.14
+16.3%
-9.1%$536.76M$70.67M-1.801,370News Coverage
Upcoming Earnings
BYRN
Byrna Technologies
2.6195 of 5 stars
$21.86
+2.5%
$38.75
+77.3%
+108.4%$484.05M$85.76M35.26150Positive News
SES
SES AI
2.5548 of 5 stars
$1.38
+13.6%
$1.50
+9.1%
+23.6%$443.89M$2.04M-4.58130Earnings Report
Analyst Revision
EAF
GrafTech International
2.221 of 5 stars
$1.21
-5.9%
$1.63
+34.9%
+109.0%$330.43M$538.78M-1.471,072
RONI
Rice Acquisition Corp. II
N/A$2.63
-8.7%
N/A-68.4%$317.58MN/A0.0024Gap Up
High Trading Volume
ELVA
Electrovaya
3.057 of 5 stars
$4.85
-0.2%
$6.10
+25.8%
+122.1%$194.92M$44.62M0.0097Upcoming Earnings
ELPW
Elong Power
N/A$3.70
+4.2%
N/AN/A$177.70M$3.16M0.00N/A
NEOV
NeoVolta
1.1332 of 5 stars
$4.86
-3.0%
$7.50
+54.3%
+87.1%$170.97M$4.26M-40.505News Coverage

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This page (NASDAQ:NVX) was last updated on 8/9/2025 by MarketBeat.com Staff
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