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NOVONIX (NVX) Competitors

NOVONIX logo
$2.82 -0.12 (-4.08%)
Closing price 04:00 PM Eastern
Extended Trading
$2.98 +0.16 (+5.50%)
As of 08:00 PM Eastern
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NVX vs. BLDP, SLDP, SES, NPWR, NRGV, BYRN, RONI, FREY, EAF, and ELVA

Should you be buying NOVONIX stock or one of its competitors? The main competitors of NOVONIX include Ballard Power Systems (BLDP), Solid Power (SLDP), SES AI (SES), NET Power (NPWR), Energy Vault (NRGV), Byrna Technologies (BYRN), Rice Acquisition Corp. II (RONI), FREYR Battery (FREY), GrafTech International (EAF), and Electrovaya (ELVA). These companies are all part of the "electrical equipment" industry.

NOVONIX vs. Its Competitors

NOVONIX (NASDAQ:NVX) and Ballard Power Systems (NASDAQ:BLDP) are both small-cap electrical equipment companies, but which is the better investment? We will compare the two businesses based on the strength of their media sentiment, dividends, earnings, valuation, institutional ownership, risk, profitability and analyst recommendations.

NOVONIX has a beta of 2.59, meaning that its stock price is 159% more volatile than the S&P 500. Comparatively, Ballard Power Systems has a beta of 1.8, meaning that its stock price is 80% more volatile than the S&P 500.

In the previous week, NOVONIX had 1 more articles in the media than Ballard Power Systems. MarketBeat recorded 9 mentions for NOVONIX and 8 mentions for Ballard Power Systems. NOVONIX's average media sentiment score of 0.63 beat Ballard Power Systems' score of 0.46 indicating that NOVONIX is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
NOVONIX
2 Very Positive mention(s)
2 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Ballard Power Systems
0 Very Positive mention(s)
2 Positive mention(s)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

0.1% of NOVONIX shares are owned by institutional investors. Comparatively, 28.0% of Ballard Power Systems shares are owned by institutional investors. 23.7% of NOVONIX shares are owned by company insiders. Comparatively, 0.2% of Ballard Power Systems shares are owned by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company is poised for long-term growth.

Ballard Power Systems has a consensus target price of $1.81, indicating a potential downside of 48.03%. Given Ballard Power Systems' stronger consensus rating and higher possible upside, analysts plainly believe Ballard Power Systems is more favorable than NOVONIX.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
NOVONIX
1 Sell rating(s)
0 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
1.00
Ballard Power Systems
5 Sell rating(s)
10 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
1.67

NOVONIX has higher earnings, but lower revenue than Ballard Power Systems.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
NOVONIX$5.85M81.52-$74.82MN/AN/A
Ballard Power Systems$69.73M15.04-$324.24M-$0.99-3.53

NOVONIX has a net margin of 0.00% compared to Ballard Power Systems' net margin of -409.35%. NOVONIX's return on equity of 0.00% beat Ballard Power Systems' return on equity.

Company Net Margins Return on Equity Return on Assets
NOVONIXN/A N/A N/A
Ballard Power Systems -409.35%-21.52%-18.62%

Summary

NOVONIX beats Ballard Power Systems on 9 of the 13 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 NVX 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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NVX vs. The Competition

MetricNOVONIXELEC PRODS IndustryComputer SectorNASDAQ Exchange
Market Cap$497.23M$9.62B$31.92B$10.30B
Dividend YieldN/A1.63%3.23%4.82%
P/E RatioN/A22.74494.8027.10
Price / Sales81.52125.301,646.63133.29
Price / CashN/A17.2434.3030.18
Price / Book3.206.367.656.69
Net Income-$74.82M$283.48M$819.71M$276.55M
7 Day Performance56.67%14.55%-0.63%-1.14%
1 Month Performance123.81%44.69%6.94%6.50%
1 Year Performance22.61%27.17%24,211.04%33.95%

NOVONIX Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
NVX
NOVONIX
0.6529 of 5 stars
$2.82
-4.1%
N/A+27.8%$497.23M$5.85M0.00N/AGap Up
High Trading Volume
BLDP
Ballard Power Systems
0.9716 of 5 stars
$3.65
+3.4%
$1.51
-58.5%
+93.5%$1.06B$69.73M-3.691,370News Coverage
Analyst Forecast
Gap Up
High Trading Volume
SLDP
Solid Power
0.4927 of 5 stars
$5.77
+33.6%
$4.00
-30.7%
+354.3%$783.15M$20.14M-11.10240Gap Up
High Trading Volume
SES
SES AI
1.1643 of 5 stars
$2.44
+18.2%
$2.00
-17.9%
+383.8%$753.39M$2.04M-7.85130Gap Up
High Trading Volume
NPWR
NET Power
0.8297 of 5 stars
$3.76
+11.2%
$4.00
+6.4%
-45.7%$740.97M$12K-1.5924Gap Up
High Trading Volume
NRGV
Energy Vault
1.3219 of 5 stars
$3.29
-1.5%
$1.42
-56.9%
+203.2%$540.60M$46.20M-3.3970
BYRN
Byrna Technologies
3.4082 of 5 stars
$23.13
+2.3%
$38.75
+67.5%
+88.8%$513.11M$85.76M37.31150Earnings Report
Analyst Forecast
RONI
Rice Acquisition Corp. II
N/A$3.38
+8.3%
N/A-45.5%$408.15MN/A0.0024Gap Up
High Trading Volume
FREY
FREYR Battery
1.371 of 5 stars
$2.53
+7.2%
$4.00
+58.1%
+256.9%$355.44MN/A-3.33210Gap Up
EAF
GrafTech International
0.8631 of 5 stars
$15.26
+14.7%
$16.25
+6.5%
+21.6%$343.34M$508.55M-1.861,072Gap Up
ELVA
Electrovaya
2.3231 of 5 stars
$6.74
+9.1%
$6.50
-3.6%
+188.1%$247.86M$54.85M224.7497High Trading Volume

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This page (NASDAQ:NVX) was last updated on 10/13/2025 by MarketBeat.com Staff
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