Enovix (NASDAQ:ENVX – Get Free Report) and Nextpower (NASDAQ:NXT – Get Free Report) are both industrials companies, but which is the better stock? We will compare the two companies based on the strength of their institutional ownership, profitability, earnings, dividends, valuation, risk and analyst recommendations.
Analyst Ratings
This is a summary of recent ratings and price targets for Enovix and Nextpower, as reported by MarketBeat.
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| Enovix | 2 | 3 | 6 | 1 | 2.50 |
| Nextpower | 0 | 4 | 23 | 1 | 2.89 |
Enovix presently has a consensus target price of $10.77, suggesting a potential upside of 324.12%. Nextpower has a consensus target price of $139.77, suggesting a potential upside of 70.93%. Given Enovix’s higher possible upside, equities research analysts clearly believe Enovix is more favorable than Nextpower.
Insider and Institutional Ownership
50.9% of Enovix shares are held by institutional investors. Comparatively, 67.4% of Nextpower shares are held by institutional investors. 12.7% of Enovix shares are held by company insiders. Comparatively, 0.8% of Nextpower shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock is poised for long-term growth.
Profitability
This table compares Enovix and Nextpower’s net margins, return on equity and return on assets.
| Net Margins | Return on Equity | Return on Assets | |
| Enovix | -473.89% | -64.50% | -19.31% |
| Nextpower | 16.36% | 26.29% | 15.02% |
Earnings & Valuation
This table compares Enovix and Nextpower”s revenue, earnings per share and valuation.
| Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
| Enovix | $35.88 million | 15.54 | -$156.74 million | ($0.81) | -3.14 |
| Nextpower | $3.56 billion | 3.49 | $585.88 million | $3.86 | 21.18 |
Nextpower has higher revenue and earnings than Enovix. Enovix is trading at a lower price-to-earnings ratio than Nextpower, indicating that it is currently the more affordable of the two stocks.
Risk & Volatility
Enovix has a beta of 2.49, meaning that its share price is 149% more volatile than the S&P 500. Comparatively, Nextpower has a beta of 1.94, meaning that its share price is 94% more volatile than the S&P 500.
Summary
Nextpower beats Enovix on 10 of the 14 factors compared between the two stocks.
About Enovix
Enovix Corporation designs develops and manufactures silicon-anode lithium-ion batteries. It serves wearables and IoT, smartphone, laptops and tablets, industrial and medical, and electric vehicles industries. The company was founded in 2007 and is headquartered in Fremont, California.
About Nextpower
Nextpower, formerly known as Nextracker, an energy solutions company, provides solar trackers and software solutions for utility-scale and distributed generation solar projects in the United States and internationally. The company offers tracking solutions, which includes NX Horizon, a solar tracking solution; and NX Horizon-XTR, a terrain-following tracker designed to expand the addressable market for trackers on sites with sloped, uneven, and challenging terrain. It also provides TrueCapture, a self-adjusting tracker control system, which boosts solar power plant production by optimizing the position of individual tracker row in response to site features, such as varying topography and changing weather conditions; and NX Navigator, that assists solar power plant owners and operators in monitoring, controlling, and protecting their solar projects. The company was founded in 2013 and is headquartered in Fremont, California. As of March 31, 2024 Nextracker Inc. (Nextpower) was formerly a subsidiary of Flex Ltd.
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