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Enovix (ENVX) Competitors

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$5.95 -0.10 (-1.65%)
Closing price 06/26/2026 04:00 PM Eastern
Extended Trading
$5.94 -0.01 (-0.15%)
As of 06/26/2026 07:59 PM Eastern
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ENVX vs. NOVT, QS, FLNC, PLUG, 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), QuantumScape (QS), Fluence Energy (FLNC), Plug Power (PLUG), and Sunrun (RUN). These companies are all part of the "electrical equipment" industry.

How does Enovix compare to Novanta?

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

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
Enovix$31.82M40.79-$156.74M-$0.83N/A
Novanta$980.60M5.72$53.83M$1.38114.17

Enovix presently has a consensus target price of $12.64, suggesting a potential upside of 112.38%. Novanta has a consensus target price of $180.00, suggesting a potential upside of 14.25%. Given Enovix's stronger consensus rating and higher possible upside, equities analysts clearly believe Enovix is more favorable than Novanta.

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

In the previous week, Novanta had 4 more articles in the media than Enovix. MarketBeat recorded 6 mentions for Novanta and 2 mentions for Enovix. Enovix's average media sentiment score of 0.93 beat Novanta's score of 0.86 indicating that Enovix is being referred to more favorably in the media.

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

50.9% of Enovix shares are owned by institutional investors. Comparatively, 98.4% of Novanta shares are owned by institutional investors. 12.7% of Enovix shares are owned by company insiders. Comparatively, 1.2% of Novanta shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.

Enovix has a beta of 2.27, meaning that its share price is 127% more volatile than the broader market. Comparatively, Novanta has a beta of 1.68, meaning that its share price is 68% 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
Enovix-499.64% -64.28% -21.19%
Novanta 5.35%12.06%7.70%

Summary

Novanta beats Enovix on 9 of the 16 factors compared between the two stocks.

How does Enovix compare to QuantumScape?

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

In the previous week, QuantumScape had 9 more articles in the media than Enovix. MarketBeat recorded 11 mentions for QuantumScape and 2 mentions for Enovix. Enovix's average media sentiment score of 0.93 beat QuantumScape's score of 0.06 indicating that Enovix is being referred to more favorably in the media.

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

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
Enovix$31.82M40.79-$156.74M-$0.83N/A
QuantumScapeN/AN/A-$477.86M-$0.71N/A

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

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
Enovix-499.64% -64.28% -21.19%
QuantumScape N/A -39.90%-35.31%

Enovix presently has a consensus price target of $12.64, suggesting a potential upside of 112.38%. QuantumScape has a consensus price target of $11.13, suggesting a potential upside of 55.49%. Given Enovix's stronger consensus rating and higher probable upside, equities analysts clearly believe Enovix is more favorable than QuantumScape.

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

50.9% of Enovix shares are held by institutional investors. Comparatively, 29.9% of QuantumScape shares are held by institutional investors. 12.7% of Enovix shares are held by insiders. Comparatively, 3.9% of QuantumScape shares are held by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company will outperform the market over the long term.

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 stock? We will compare the two companies based on the strength of their earnings, institutional ownership, dividends, media sentiment, risk, valuation, profitability and analyst recommendations.

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$2.26B1.57-$48.31M-$0.36N/A
Enovix$31.82M40.79-$156.74M-$0.83N/A

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%

Fluence Energy has a beta of 2.77, suggesting that its share price is 177% 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.

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 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.

Fluence Energy currently has a consensus target price of $19.47, indicating a potential upside of 1.04%. Enovix has a consensus target price of $12.64, indicating a potential upside of 112.38%. Given Enovix's stronger consensus rating and higher probable upside, analysts clearly 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

In the previous week, Fluence Energy had 8 more articles in the media than Enovix. MarketBeat recorded 10 mentions for Fluence Energy and 2 mentions for Enovix. Enovix's average media sentiment score of 0.93 beat Fluence Energy's score of 0.51 indicating that Enovix is being referred to more favorably in the news media.

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

Summary

Fluence Energy beats Enovix on 9 of the 16 factors compared between the two stocks.

How does Enovix compare to Plug Power?

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

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
Enovix-499.64% -64.28% -21.19%
Plug Power -227.13%-49.30%-21.75%

Enovix presently has a consensus price target of $12.64, suggesting a potential upside of 112.38%. Plug Power has a consensus price target of $3.42, suggesting a potential upside of 34.45%. Given Enovix's stronger consensus rating and higher possible upside, equities analysts plainly believe Enovix is more favorable than Plug Power.

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

In the previous week, Plug Power had 10 more articles in the media than Enovix. MarketBeat recorded 12 mentions for Plug Power and 2 mentions for Enovix. Enovix's average media sentiment score of 0.93 beat Plug Power's score of 0.33 indicating that Enovix is being referred to more favorably in the media.

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

50.9% of Enovix shares are owned by institutional investors. Comparatively, 43.5% of Plug Power shares are owned by institutional investors. 12.7% of Enovix shares are owned by company insiders. Comparatively, 1.4% of Plug Power shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company will outperform the market over the long term.

Enovix has higher earnings, but lower revenue 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
Enovix$31.82M40.79-$156.74M-$0.83N/A
Plug Power$709.92M4.99-$1.63B-$1.32N/A

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

Summary

Enovix beats Plug Power on 11 of the 17 factors compared between the two stocks.

How does Enovix compare to Sunrun?

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

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
Enovix$31.82M40.79-$156.74M-$0.83N/A
Sunrun$2.96B1.09$449.95M$2.136.33

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

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

Enovix presently has a consensus target price of $12.64, indicating a potential upside of 112.38%. Sunrun has a consensus target price of $18.98, indicating a potential upside of 40.70%. Given Enovix's stronger consensus rating and higher possible upside, research analysts clearly believe Enovix is more favorable than Sunrun.

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

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
Enovix-499.64% -64.28% -21.19%
Sunrun 17.88%14.06%2.56%

In the previous week, Sunrun had 19 more articles in the media than Enovix. MarketBeat recorded 21 mentions for Sunrun and 2 mentions for Enovix. Enovix's average media sentiment score of 0.93 beat Sunrun's score of 0.66 indicating that Enovix is being referred to more favorably in the media.

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

Summary

Sunrun beats Enovix on 11 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$1.30B$14.14B$9.54B$12.19B
Dividend YieldN/A3.78%10.56%6.24%
P/E Ratio-7.1750.4218.9624.17
Price / Sales40.7959.16745.20118.90
Price / CashN/A32.6137.7255.62
Price / Book4.696.544.076.36
Net Income-$156.74M$277.64M$4.25B$337.99M
7 Day Performance-15.96%-6.47%-2.44%0.10%
1 Month Performance-22.22%-11.18%-7.08%-1.28%
1 Year Performance-39.84%36.68%30.21%27.68%

Enovix Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
ENVX
Enovix
2.7965 of 5 stars
$5.95
-1.7%
$12.64
+112.4%
-39.8%$1.30B$31.82MN/A340
NOVT
Novanta
2.9072 of 5 stars
$155.66
+0.2%
$180.00
+15.6%
+21.2%$5.53B$980.60M46.363,000
QS
QuantumScape
1.9201 of 5 stars
$7.61
-5.3%
$11.13
+46.3%
+8.2%$4.68BN/AN/A850
FLNC
Fluence Energy
1.569 of 5 stars
$25.19
+1.6%
$19.47
-22.7%
+213.8%$4.57B$2.26BN/A1,670
PLUG
Plug Power
2.7376 of 5 stars
$2.79
-2.1%
$3.42
+22.4%
+119.0%$3.98B$709.92MN/A2,582

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This page (NASDAQ:ENVX) was last updated on 6/28/2026 by MarketBeat.com Staff.
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