PLUG vs. NOVT, BE, ATKR, XCH, QS, ENR, FLNC, RUN, ENVX, and NPWR
Should you be buying Plug Power stock or one of its competitors? The main competitors of Plug Power include Novanta (NOVT), Bloom Energy (BE), Atkore (ATKR), XCHG (XCH), QuantumScape (QS), Energizer (ENR), Fluence Energy (FLNC), Sunrun (RUN), Enovix (ENVX), and NET Power (NPWR). These companies are all part of the "electrical equipment" industry.
Plug Power vs.
Novanta (NASDAQ:NOVT) and Plug Power (NASDAQ:PLUG) are both computer and technology companies, but which is the superior investment? We will compare the two businesses based on the strength of their analyst recommendations, earnings, profitability, risk, community ranking, dividends, media sentiment, institutional ownership and valuation.
Novanta has higher earnings, but lower revenue than Plug Power. Plug Power is trading at a lower price-to-earnings ratio than Novanta, indicating that it is currently the more affordable of the two stocks.
98.4% of Novanta shares are held by institutional investors. Comparatively, 43.5% of Plug Power shares are held by institutional investors. 1.2% of Novanta shares are held by company insiders. Comparatively, 1.7% of Plug Power shares are held by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company is poised for long-term growth.
Novanta has a net margin of 6.52% compared to Plug Power's net margin of -214.05%. Novanta's return on equity of 15.20% beat Plug Power's return on equity.
Plug Power received 450 more outperform votes than Novanta when rated by MarketBeat users. However, 71.80% of users gave Novanta an outperform vote while only 65.59% of users gave Plug Power an outperform vote.
In the previous week, Plug Power had 34 more articles in the media than Novanta. MarketBeat recorded 39 mentions for Plug Power and 5 mentions for Novanta. Novanta's average media sentiment score of 0.69 beat Plug Power's score of 0.56 indicating that Novanta is being referred to more favorably in the media.
Novanta currently has a consensus price target of $169.00, suggesting a potential upside of 13.37%. Plug Power has a consensus price target of $4.46, suggesting a potential upside of 132.54%. Given Plug Power's stronger consensus rating and higher probable upside, analysts plainly believe Plug Power is more favorable than Novanta.
Novanta has a beta of 1.28, suggesting that its share price is 28% more volatile than the S&P 500. Comparatively, Plug Power has a beta of 1.79, suggesting that its share price is 79% more volatile than the S&P 500.
Summary
Novanta beats Plug Power on 10 of the 19 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 {thisCompany.Symbol} and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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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This page (NASDAQ:PLUG) was last updated on 1/30/2025 by MarketBeat.com Staff
