ELVA vs. SLDP, BYRN, FREY, NVX, STEM, ZEO, ULBI, EOSE, NRGV, and CBAT
Should you be buying Electrovaya stock or one of its competitors? The main competitors of Electrovaya include Solid Power (SLDP), Byrna Technologies (BYRN), FREYR Battery (FREY), NOVONIX (NVX), Stem (STEM), Zeo Energy (ZEO), Ultralife (ULBI), Eos Energy Enterprises (EOSE), Energy Vault (NRGV), and CBAK Energy Technology (CBAT). These companies are all part of the "miscellaneous electrical machinery, equipment, & supplies" industry.
Electrovaya (NASDAQ:ELVA) and Solid Power (NASDAQ:SLDP) are both small-cap computer and technology companies, but which is the better business? We will compare the two businesses based on the strength of their profitability, dividends, institutional ownership, earnings, community ranking, valuation, risk, media sentiment and analyst recommendations.
Electrovaya has higher revenue and earnings than Solid Power.
Electrovaya has a net margin of -0.44% compared to Solid Power's net margin of -345.37%. Electrovaya's return on equity of -2.83% beat Solid Power's return on equity.
Electrovaya and Solid Power both received 10 outperform votes by MarketBeat users. However, 100.00% of users gave Electrovaya an outperform vote while only 52.63% of users gave Solid Power an outperform vote.
In the previous week, Solid Power had 1 more articles in the media than Electrovaya. MarketBeat recorded 7 mentions for Solid Power and 6 mentions for Electrovaya. Solid Power's average media sentiment score of 0.81 beat Electrovaya's score of 0.50 indicating that Solid Power is being referred to more favorably in the news media.
22.5% of Electrovaya shares are owned by institutional investors. Comparatively, 33.7% of Solid Power shares are owned by institutional investors. 7.2% of Solid Power shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company will outperform the market over the long term.
Electrovaya currently has a consensus target price of $11.00, indicating a potential upside of 301.46%. Solid Power has a consensus target price of $3.67, indicating a potential upside of 119.56%. Given Electrovaya's stronger consensus rating and higher probable upside, analysts plainly believe Electrovaya is more favorable than Solid Power.
Summary
Electrovaya beats Solid Power on 9 of the 14 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding ELVA and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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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