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Enovix (ENVX) Competitors

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$7.28 0.00 (0.00%)
Closing price 06/5/2026 04:00 PM Eastern
Extended Trading
$7.36 +0.09 (+1.17%)
As of 06/5/2026 07:57 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.

ENVX vs. NOVT, PLUG, QS, FLNC, and RUN

Should you buy Enovix stock or one of its competitors? MarketBeat compares Enovix with other companies and stocks that may be similar based on industry, sector, market capitalization, business model, investor interest, or shared news coverage. Companies and stocks commonly compared with Enovix include Novanta (NOVT), Plug Power (PLUG), QuantumScape (QS), Fluence Energy (FLNC), and Sunrun (RUN). These companies are all part of the "electrical equipment" industry.

How does Enovix compare to Novanta?

Novanta (NASDAQ:NOVT) and Enovix (NASDAQ:ENVX) are both electrical equipment companies, but which is the superior business? We will compare the two companies based on the strength of their valuation, dividends, risk, media sentiment, institutional ownership, earnings, profitability and analyst recommendations.

98.3% of Novanta shares are held by institutional investors. Comparatively, 50.9% of Enovix shares are held by institutional investors. 1.2% of Novanta shares are held by insiders. Comparatively, 12.7% of Enovix shares are held by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock is poised for long-term growth.

Novanta currently has a consensus target price of $173.00, suggesting a potential upside of 10.69%. Enovix has a consensus target price of $12.64, suggesting a potential upside of 73.58%. Given Enovix's stronger consensus rating and higher probable upside, analysts plainly believe Enovix is more favorable than Novanta.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Novanta
0 Sell rating(s)
2 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
2.33
Enovix
2 Sell rating(s)
1 Hold rating(s)
7 Buy rating(s)
0 Strong Buy rating(s)
2.50

Novanta has higher revenue and earnings than Enovix. Enovix is trading at a lower price-to-earnings ratio than Novanta, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Novanta$1.00B5.54$53.83M$1.38113.25
Enovix$31.82M49.91-$156.74M-$0.83N/A

Novanta has a beta of 1.68, suggesting that its stock price is 68% more volatile than the broader market. Comparatively, Enovix has a beta of 2.27, suggesting that its stock price is 127% more volatile than the broader market.

Novanta has a net margin of 5.35% compared to Enovix's net margin of -499.64%. Novanta's return on equity of 12.06% beat Enovix's return on equity.

Company Net Margins Return on Equity Return on Assets
Novanta5.35% 12.06% 7.70%
Enovix -499.64%-64.28%-21.19%

In the previous week, Novanta had 6 more articles in the media than Enovix. MarketBeat recorded 9 mentions for Novanta and 3 mentions for Enovix. Novanta's average media sentiment score of 0.87 beat Enovix's score of 0.20 indicating that Novanta is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Novanta
4 Very Positive mention(s)
2 Positive mention(s)
2 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive
Enovix
0 Very Positive mention(s)
1 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

Summary

Novanta beats Enovix on 10 of the 16 factors compared between the two stocks.

How does Enovix compare to Plug Power?

Plug Power (NASDAQ:PLUG) and Enovix (NASDAQ:ENVX) are both electrical equipment companies, but which is the superior investment? We will compare the two companies based on the strength of their valuation, institutional ownership, dividends, earnings, profitability, media sentiment, analyst recommendations and risk.

Enovix has lower revenue, but higher earnings than Plug Power. Enovix is trading at a lower price-to-earnings ratio than Plug Power, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Plug Power$709.92M6.31-$1.63B-$1.32N/A
Enovix$31.82M49.91-$156.74M-$0.83N/A

Plug Power has a net margin of -227.13% compared to Enovix's net margin of -499.64%. Plug Power's return on equity of -49.30% beat Enovix's return on equity.

Company Net Margins Return on Equity Return on Assets
Plug Power-227.13% -49.30% -21.75%
Enovix -499.64%-64.28%-21.19%

Plug Power has a beta of 2.12, suggesting that its share price is 112% more volatile than the broader market. Comparatively, Enovix has a beta of 2.27, suggesting that its share price is 127% more volatile than the broader market.

In the previous week, Plug Power had 12 more articles in the media than Enovix. MarketBeat recorded 15 mentions for Plug Power and 3 mentions for Enovix. Plug Power's average media sentiment score of 0.42 beat Enovix's score of 0.20 indicating that Plug Power is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Plug Power
5 Very Positive mention(s)
3 Positive mention(s)
4 Neutral mention(s)
3 Negative mention(s)
0 Very Negative mention(s)
Neutral
Enovix
0 Very Positive mention(s)
1 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

Plug Power presently has a consensus price target of $3.42, indicating a potential upside of 6.39%. Enovix has a consensus price target of $12.64, indicating a potential upside of 73.58%. Given Enovix's stronger consensus rating and higher probable upside, analysts clearly believe Enovix is more favorable than Plug Power.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Plug Power
4 Sell rating(s)
7 Hold rating(s)
2 Buy rating(s)
2 Strong Buy rating(s)
2.13
Enovix
2 Sell rating(s)
1 Hold rating(s)
7 Buy rating(s)
0 Strong Buy rating(s)
2.50

43.5% of Plug Power shares are held by institutional investors. Comparatively, 50.9% of Enovix shares are held by institutional investors. 0.6% of Plug Power shares are held by company insiders. Comparatively, 12.7% of Enovix 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.

Summary

Enovix beats Plug Power on 10 of the 17 factors compared between the two stocks.

How does Enovix compare to QuantumScape?

QuantumScape (NYSE:QS) and Enovix (NASDAQ:ENVX) are both electrical equipment companies, but which is the superior business? We will compare the two businesses based on the strength of their profitability, analyst recommendations, media sentiment, dividends, risk, earnings, valuation and institutional ownership.

In the previous week, QuantumScape had 5 more articles in the media than Enovix. MarketBeat recorded 8 mentions for QuantumScape and 3 mentions for Enovix. Enovix's average media sentiment score of 0.20 beat QuantumScape's score of -0.21 indicating that Enovix is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
QuantumScape
1 Very Positive mention(s)
1 Positive mention(s)
4 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral
Enovix
0 Very Positive mention(s)
1 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

QuantumScape has a net margin of 0.00% compared to Enovix's net margin of -499.64%. QuantumScape's return on equity of -39.90% beat Enovix's return on equity.

Company Net Margins Return on Equity Return on Assets
QuantumScapeN/A -39.90% -35.31%
Enovix -499.64%-64.28%-21.19%

QuantumScape has a beta of 2.6, suggesting that its stock price is 160% more volatile than the broader market. Comparatively, Enovix has a beta of 2.27, suggesting that its stock price is 127% more volatile than the broader market.

29.9% of QuantumScape shares are held by institutional investors. Comparatively, 50.9% of Enovix shares are held by institutional investors. 3.9% of QuantumScape shares are held by insiders. Comparatively, 12.7% of Enovix shares are held by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock is poised for long-term growth.

Enovix has higher revenue and earnings than QuantumScape. QuantumScape is trading at a lower price-to-earnings ratio than Enovix, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
QuantumScapeN/AN/A-$477.86M-$0.71N/A
Enovix$31.82M49.91-$156.74M-$0.83N/A

QuantumScape presently has a consensus target price of $11.13, suggesting a potential upside of 45.15%. Enovix has a consensus target price of $12.64, suggesting a potential upside of 73.58%. Given Enovix's stronger consensus rating and higher possible upside, analysts plainly believe Enovix is more favorable than QuantumScape.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
QuantumScape
1 Sell rating(s)
6 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
1.86
Enovix
2 Sell rating(s)
1 Hold rating(s)
7 Buy rating(s)
0 Strong Buy rating(s)
2.50

Summary

Enovix beats QuantumScape on 10 of the 15 factors compared between the two stocks.

How does Enovix compare to Fluence Energy?

Fluence Energy (NASDAQ:FLNC) and Enovix (NASDAQ:ENVX) are both energy companies, but which is the superior business? We will compare the two businesses based on the strength of their institutional ownership, risk, analyst recommendations, earnings, valuation, profitability, media sentiment and dividends.

In the previous week, Fluence Energy had 16 more articles in the media than Enovix. MarketBeat recorded 19 mentions for Fluence Energy and 3 mentions for Enovix. Fluence Energy's average media sentiment score of 0.82 beat Enovix's score of 0.20 indicating that Fluence Energy is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Fluence Energy
8 Very Positive mention(s)
8 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Enovix
0 Very Positive mention(s)
1 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

Fluence Energy has a net margin of -1.62% compared to Enovix's net margin of -499.64%. Fluence Energy's return on equity of -8.29% beat Enovix's return on equity.

Company Net Margins Return on Equity Return on Assets
Fluence Energy-1.62% -8.29% -1.85%
Enovix -499.64%-64.28%-21.19%

53.2% of Fluence Energy shares are owned by institutional investors. Comparatively, 50.9% of Enovix shares are owned by institutional investors. 0.7% of Fluence Energy shares are owned by insiders. Comparatively, 12.7% of Enovix shares are owned by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock will outperform the market over the long term.

Fluence Energy presently has a consensus price target of $19.47, indicating a potential downside of 15.01%. Enovix has a consensus price target of $12.64, indicating a potential upside of 73.58%. Given Enovix's stronger consensus rating and higher possible upside, analysts plainly believe Enovix is more favorable than Fluence Energy.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Fluence Energy
4 Sell rating(s)
12 Hold rating(s)
5 Buy rating(s)
0 Strong Buy rating(s)
2.05
Enovix
2 Sell rating(s)
1 Hold rating(s)
7 Buy rating(s)
0 Strong Buy rating(s)
2.50

Fluence Energy has higher revenue and earnings than Enovix. Fluence Energy is trading at a lower price-to-earnings ratio than Enovix, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Fluence Energy$2.26B1.87-$48.31M-$0.36N/A
Enovix$31.82M49.91-$156.74M-$0.83N/A

Fluence Energy has a beta of 2.76, meaning that its stock price is 176% more volatile than the broader market. Comparatively, Enovix has a beta of 2.27, meaning that its stock price is 127% more volatile than the broader market.

Summary

Fluence Energy beats Enovix on 10 of the 16 factors compared between the two stocks.

How does Enovix compare to Sunrun?

Sunrun (NASDAQ:RUN) and Enovix (NASDAQ:ENVX) are both energy companies, but which is the superior investment? We will contrast the two companies based on the strength of their valuation, earnings, analyst recommendations, dividends, risk, profitability, institutional ownership and media sentiment.

Sunrun currently has a consensus target price of $18.48, suggesting a potential upside of 38.44%. Enovix has a consensus target price of $12.64, suggesting a potential upside of 73.58%. Given Enovix's stronger consensus rating and higher probable upside, analysts plainly believe Enovix is more favorable than Sunrun.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Sunrun
2 Sell rating(s)
9 Hold rating(s)
12 Buy rating(s)
0 Strong Buy rating(s)
2.43
Enovix
2 Sell rating(s)
1 Hold rating(s)
7 Buy rating(s)
0 Strong Buy rating(s)
2.50

In the previous week, Sunrun had 11 more articles in the media than Enovix. MarketBeat recorded 14 mentions for Sunrun and 3 mentions for Enovix. Sunrun's average media sentiment score of 0.89 beat Enovix's score of 0.20 indicating that Sunrun is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Sunrun
8 Very Positive mention(s)
2 Positive mention(s)
1 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive
Enovix
0 Very Positive mention(s)
1 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

Sunrun has a net margin of 17.88% compared to Enovix's net margin of -499.64%. Sunrun's return on equity of 14.06% beat Enovix's return on equity.

Company Net Margins Return on Equity Return on Assets
Sunrun17.88% 14.06% 2.56%
Enovix -499.64%-64.28%-21.19%

Sunrun has higher revenue and earnings than Enovix. Enovix is trading at a lower price-to-earnings ratio than Sunrun, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Sunrun$3.17B1.00$449.95M$2.136.27
Enovix$31.82M49.91-$156.74M-$0.83N/A

91.7% of Sunrun shares are owned by institutional investors. Comparatively, 50.9% of Enovix shares are owned by institutional investors. 3.6% of Sunrun shares are owned by company insiders. Comparatively, 12.7% of Enovix shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock will outperform the market over the long term.

Sunrun has a beta of 2.32, suggesting that its stock price is 132% more volatile than the broader market. Comparatively, Enovix has a beta of 2.27, suggesting that its stock price is 127% more volatile than the broader market.

Summary

Sunrun beats Enovix on 12 of the 16 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 ENVX 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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ENVX vs. The Competition

MetricEnovixOther Alt Energy IndustryEnergy SectorNASDAQ Exchange
Market Cap$1.59B$13.87B$10.15B$11.98B
Dividend YieldN/A3.80%10.40%5.55%
P/E Ratio-8.7755.1320.2423.62
Price / Sales49.9158.00770.19109.91
Price / CashN/A32.6237.1837.25
Price / Book5.736.744.286.66
Net Income-$156.74M$277.65M$4.23B$337.72M
7 Day Performance-15.15%-5.58%-1.89%-3.71%
1 Month Performance10.24%-3.38%-0.72%0.97%
1 Year Performance-12.39%43.86%44.82%25.35%

Enovix Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
ENVX
Enovix
2.6103 of 5 stars
$7.28
flat
$12.64
+73.6%
-12.4%$1.59B$31.82MN/A340
NOVT
Novanta
2.7736 of 5 stars
$159.70
flat
$173.00
+8.3%
+22.7%$5.69B$980.60M115.733,000
PLUG
Plug Power
2.0306 of 5 stars
$3.78
flat
$3.42
-9.7%
+231.2%$5.27B$709.92MN/A2,582
QS
QuantumScape
1.6908 of 5 stars
$8.20
flat
$11.13
+35.8%
+85.7%$5.04BN/AN/A850
FLNC
Fluence Energy
2.3383 of 5 stars
$21.49
flat
$19.47
-9.4%
+385.4%$3.96B$2.58BN/A1,670

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This page (NASDAQ:ENVX) was last updated on 6/8/2026 by MarketBeat.com Staff.
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