Do analysts rate ELVA or NVX?

Electrovaya currently has a consensus target price of $14.63, indicating a potential upside of 46.84%. Given Electrovaya's stronger consensus rating and higher probable upside, equities analysts clearly believe Electrovaya is more favorable than NOVONIX. Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Electrovaya 0 Sell rating(s) 2 Hold rating(s) 3 Buy rating(s) 1 Strong Buy rating(s) 2.83 NOVONIX 1 Sell rating(s) 0 Hold rating(s) 0 Buy rating(s) 0 Strong Buy rating(s) 1.00

Which has better earnings and valuation, ELVA or NVX?

Electrovaya has higher revenue and earnings than NOVONIX. Company Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Electrovaya $63.83M 7.73 $3.36M $0.12 83.00 NOVONIX $5.62M 18.22 -$92.72M N/A N/A

Do analysts prefer NVX or MVST?

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 Microvast 2 Sell rating(s) 0 Hold rating(s) 0 Buy rating(s) 0 Strong Buy rating(s) 1.00

Which has better valuation & earnings, NVX or MVST?

Microvast has higher revenue and earnings than NOVONIX. Company Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio NOVONIX $5.62M 18.22 -$92.72M N/A N/A Microvast $427.52M 0.99 -$29.22M -$0.32 N/A

Is NVX or MVST more profitable?

NOVONIX has a net margin of 0.00% compared to Microvast's net margin of -11.52%. NOVONIX's return on equity of 0.00% beat Microvast's return on equity. Company Net Margins Return on Equity Return on Assets NOVONIX N/A N/A N/A Microvast -11.52% -6.12% -2.43%

Do analysts recommend NPWR or NVX?

NET Power currently has a consensus target price of $3.50, indicating a potential upside of 107.72%. Given NET Power's stronger consensus rating and higher probable upside, equities research analysts plainly believe NET Power is more favorable than NOVONIX. Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score NET Power 1 Sell rating(s) 1 Hold rating(s) 1 Buy rating(s) 0 Strong Buy rating(s) 2.00 NOVONIX 1 Sell rating(s) 0 Hold rating(s) 0 Buy rating(s) 0 Strong Buy rating(s) 1.00

Which has preferable valuation & earnings, NPWR or NVX?

NOVONIX has higher revenue and earnings than NET Power. Company Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio NET Power $250K 1,512.59 -$578.63M -$5.89 N/A NOVONIX $5.62M 18.22 -$92.72M N/A N/A

Is NPWR or NVX more profitable?

NET Power's return on equity of 133.74% beat NOVONIX's return on equity. Company Net Margins Return on Equity Return on Assets NET Power N/A 133.74% 43.90% NOVONIX N/A N/A N/A

Do analysts prefer SES or NVX?

SES AI presently has a consensus price target of $2.70, indicating a potential upside of 167.33%. Given SES AI's stronger consensus rating and higher probable upside, equities research analysts plainly believe SES AI is more favorable than NOVONIX. Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score SES AI 1 Sell rating(s) 1 Hold rating(s) 1 Buy rating(s) 0 Strong Buy rating(s) 2.00 NOVONIX 1 Sell rating(s) 0 Hold rating(s) 0 Buy rating(s) 0 Strong Buy rating(s) 1.00

Which has stronger valuation and earnings, SES or NVX?

SES AI has higher revenue and earnings than NOVONIX. Company Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio SES AI $21.92M 16.89 -$73.04M -$0.22 N/A NOVONIX $5.62M 18.22 -$92.72M N/A N/A

Is SES or NVX more profitable?

NOVONIX has a net margin of 0.00% compared to SES AI's net margin of -331.72%. NOVONIX's return on equity of 0.00% beat SES AI's return on equity. Company Net Margins Return on Equity Return on Assets SES AI -331.72% -28.65% -23.21% NOVONIX N/A N/A N/A

Do analysts prefer NVX or EAF?

GrafTech International has a consensus target price of $10.67, indicating a potential upside of 50.66%. Given GrafTech International's stronger consensus rating and higher possible upside, analysts plainly believe GrafTech International 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 GrafTech International 2 Sell rating(s) 4 Hold rating(s) 0 Buy rating(s) 0 Strong Buy rating(s) 1.67

Which has higher valuation & earnings, NVX or EAF?

NOVONIX has higher earnings, but lower revenue than GrafTech International. Company Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio NOVONIX $5.62M 18.22 -$92.72M N/A N/A GrafTech International $504.13M 0.37 -$219.84M -$8.66 N/A

Is NVX or EAF more profitable?

NOVONIX has a net margin of 0.00% compared to GrafTech International's net margin of -43.25%. Company Net Margins Return on Equity Return on Assets NOVONIX N/A N/A N/A GrafTech International -43.25% N/A -17.57%

NOVONIX (NVX) Competitors

$0.47 -0.01 (-2.18%)

Closing price 06/23/2026 03:59 PM Eastern

Extended Trading

$0.49 +0.01 (+2.97%)

As of 09:16 AM Eastern

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NVX vs. ELVA, MVST, NPWR, SES, and EAF

Should you buy NOVONIX stock or one of its competitors? MarketBeat compares NOVONIX 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 NOVONIX include Electrovaya (ELVA), Microvast (MVST), NET Power (NPWR), SES AI (SES), and GrafTech International (EAF). These companies are all part of the "electrical equipment" industry.

How does NOVONIX compare to Electrovaya?

Electrovaya (NASDAQ:ELVA) and NOVONIX (NASDAQ:NVX) are both small-cap computer and technology companies, but which is the superior stock? We will contrast the two companies based on the strength of their earnings, profitability, analyst recommendations, dividends, media sentiment, risk, valuation and institutional ownership.

Electrovaya has a net margin of 7.03% compared to NOVONIX's net margin of 0.00%. Electrovaya's return on equity of 11.35% beat NOVONIX's return on equity.

Company	Net Margins	Return on Equity	Return on Assets
Electrovaya	7.03%	11.35%	6.19%
NOVONIX	N/A	N/A	N/A

Electrovaya currently has a consensus target price of $14.63, indicating a potential upside of 46.84%. Given Electrovaya's stronger consensus rating and higher probable upside, equities analysts clearly believe Electrovaya is more favorable than NOVONIX.

Company	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Electrovaya	0 Sell rating(s)	2 Hold rating(s)	3 Buy rating(s)	1 Strong Buy rating(s)	2.83
NOVONIX	1 Sell rating(s)	0 Hold rating(s)	0 Buy rating(s)	0 Strong Buy rating(s)	1.00

22.5% of Electrovaya shares are owned by institutional investors. Comparatively, 0.1% of NOVONIX shares are owned by institutional investors. 23.7% of NOVONIX 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.

In the previous week, Electrovaya had 1 more articles in the media than NOVONIX. MarketBeat recorded 1 mentions for Electrovaya and 0 mentions for NOVONIX. Electrovaya's average media sentiment score of 0.00 equaled NOVONIX'saverage media sentiment score.

Company	Overall Sentiment
Electrovaya	Neutral
NOVONIX	Neutral

Electrovaya has higher revenue and earnings than NOVONIX.

Company	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Electrovaya	$63.83M	7.73	$3.36M	$0.12	83.00
NOVONIX	$5.62M	18.22	-$92.72M	N/A	N/A

Electrovaya has a beta of 1.56, indicating that its stock price is 56% more volatile than the broader market. Comparatively, NOVONIX has a beta of 2.5, indicating that its stock price is 150% more volatile than the broader market.

Summary

Electrovaya beats NOVONIX on 11 of the 14 factors compared between the two stocks.

How does NOVONIX compare to Microvast?

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

0.1% of NOVONIX shares are owned by institutional investors. Comparatively, 20.7% of Microvast shares are owned by institutional investors. 23.7% of NOVONIX shares are owned by company insiders. Comparatively, 44.8% of Microvast shares are owned by company 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.

In the previous week, NOVONIX's average media sentiment score of 0.00 equaled Microvast'saverage media sentiment score.

Company	Overall Sentiment
NOVONIX	Neutral
Microvast	Neutral

Microvast has higher revenue and earnings than NOVONIX.

Company	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
NOVONIX	$5.62M	18.22	-$92.72M	N/A	N/A
Microvast	$427.52M	0.99	-$29.22M	-$0.32	N/A

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
Microvast	2 Sell rating(s)	0 Hold rating(s)	0 Buy rating(s)	0 Strong Buy rating(s)	1.00

NOVONIX has a net margin of 0.00% compared to Microvast's net margin of -11.52%. NOVONIX's return on equity of 0.00% beat Microvast's return on equity.

Company	Net Margins	Return on Equity	Return on Assets
NOVONIX	N/A	N/A	N/A
Microvast	-11.52%	-6.12%	-2.43%

NOVONIX has a beta of 2.5, suggesting that its share price is 150% more volatile than the broader market. Comparatively, Microvast has a beta of 3.46, suggesting that its share price is 246% more volatile than the broader market.

Summary

Microvast beats NOVONIX on 5 of the 9 factors compared between the two stocks.

How does NOVONIX compare to NET Power?

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

NET Power currently has a consensus target price of $3.50, indicating a potential upside of 107.72%. Given NET Power's stronger consensus rating and higher probable upside, equities research analysts plainly believe NET Power is more favorable than NOVONIX.

Company	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
NET Power	1 Sell rating(s)	1 Hold rating(s)	1 Buy rating(s)	0 Strong Buy rating(s)	2.00
NOVONIX	1 Sell rating(s)	0 Hold rating(s)	0 Buy rating(s)	0 Strong Buy rating(s)	1.00

NOVONIX has higher revenue and earnings than NET Power.

Company	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
NET Power	$250K	1,512.59	-$578.63M	-$5.89	N/A
NOVONIX	$5.62M	18.22	-$92.72M	N/A	N/A

In the previous week, NET Power's average media sentiment score of 0.00 equaled NOVONIX'saverage media sentiment score.

Company	Overall Sentiment
NET Power	Neutral
NOVONIX	Neutral

53.6% of NET Power shares are held by institutional investors. Comparatively, 0.1% of NOVONIX shares are held by institutional investors. 2.1% of NET Power shares are held by insiders. Comparatively, 23.7% of NOVONIX shares are held by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock will outperform the market over the long term.

NET Power has a beta of 1.04, suggesting that its share price is 4% more volatile than the broader market. Comparatively, NOVONIX has a beta of 2.5, suggesting that its share price is 150% more volatile than the broader market.

NET Power's return on equity of 133.74% beat NOVONIX's return on equity.

Company	Net Margins	Return on Equity	Return on Assets
NET Power	N/A	133.74%	43.90%
NOVONIX	N/A	N/A	N/A

Summary

NET Power beats NOVONIX on 7 of the 11 factors compared between the two stocks.

How does NOVONIX compare to SES AI?

SES AI (NYSE:SES) and NOVONIX (NASDAQ:NVX) are both small-cap electrical equipment companies, but which is the better stock? We will contrast the two companies based on the strength of their media sentiment, institutional ownership, analyst recommendations, risk, profitability, valuation, earnings and dividends.

SES AI has higher revenue and earnings than NOVONIX.

Company	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
SES AI	$21.92M	16.89	-$73.04M	-$0.22	N/A
NOVONIX	$5.62M	18.22	-$92.72M	N/A	N/A

SES AI presently has a consensus price target of $2.70, indicating a potential upside of 167.33%. Given SES AI's stronger consensus rating and higher probable upside, equities research analysts plainly believe SES AI is more favorable than NOVONIX.

Company	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
SES AI	1 Sell rating(s)	1 Hold rating(s)	1 Buy rating(s)	0 Strong Buy rating(s)	2.00
NOVONIX	1 Sell rating(s)	0 Hold rating(s)	0 Buy rating(s)	0 Strong Buy rating(s)	1.00

NOVONIX has a net margin of 0.00% compared to SES AI's net margin of -331.72%. NOVONIX's return on equity of 0.00% beat SES AI's return on equity.

Company	Net Margins	Return on Equity	Return on Assets
SES AI	-331.72%	-28.65%	-23.21%
NOVONIX	N/A	N/A	N/A

SES AI has a beta of 0.89, meaning that its stock price is 11% less volatile than the broader market. Comparatively, NOVONIX has a beta of 2.5, meaning that its stock price is 150% more volatile than the broader market.

29.8% of SES AI shares are owned by institutional investors. Comparatively, 0.1% of NOVONIX shares are owned by institutional investors. 13.8% of SES AI shares are owned by company insiders. Comparatively, 23.7% of NOVONIX shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.

In the previous week, SES AI had 23 more articles in the media than NOVONIX. MarketBeat recorded 23 mentions for SES AI and 0 mentions for NOVONIX. SES AI's average media sentiment score of 0.09 beat NOVONIX's score of 0.00 indicating that SES AI is being referred to more favorably in the media.

Company	Overall Sentiment
SES AI	Neutral
NOVONIX	Neutral

Summary

SES AI beats NOVONIX on 8 of the 14 factors compared between the two stocks.

How does NOVONIX compare to GrafTech International?

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

0.1% of NOVONIX shares are owned by institutional investors. Comparatively, 92.8% of GrafTech International shares are owned by institutional investors. 23.7% of NOVONIX shares are owned by company insiders. Comparatively, 1.2% of GrafTech International shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.

NOVONIX has a net margin of 0.00% compared to GrafTech International's net margin of -43.25%.

Company	Net Margins	Return on Equity	Return on Assets
NOVONIX	N/A	N/A	N/A
GrafTech International	-43.25%	N/A	-17.57%

NOVONIX has higher earnings, but lower revenue than GrafTech International.

Company	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
NOVONIX	$5.62M	18.22	-$92.72M	N/A	N/A
GrafTech International	$504.13M	0.37	-$219.84M	-$8.66	N/A

In the previous week, GrafTech International had 1 more articles in the media than NOVONIX. MarketBeat recorded 1 mentions for GrafTech International and 0 mentions for NOVONIX. NOVONIX's average media sentiment score of 0.00 equaled GrafTech International'saverage media sentiment score.

Company	Overall Sentiment
NOVONIX	Neutral
GrafTech International	Neutral

GrafTech International has a consensus target price of $10.67, indicating a potential upside of 50.66%. Given GrafTech International's stronger consensus rating and higher possible upside, analysts plainly believe GrafTech International 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
GrafTech International	2 Sell rating(s)	4 Hold rating(s)	0 Buy rating(s)	0 Strong Buy rating(s)	1.67

NOVONIX has a beta of 2.5, indicating that its stock price is 150% more volatile than the broader market. Comparatively, GrafTech International has a beta of 1.77, indicating that its stock price is 77% more volatile than the broader market.

Summary

NOVONIX beats GrafTech International on 6 of the 11 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.

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.

NVX vs. The Competition

Export

Metric	NOVONIX	ELEC PRODS Industry	Computer Sector	NASDAQ Exchange
Market Cap	$102.37M	$20.34B	$39.02B	$12.30B
Dividend Yield	N/A	1.03%	3.27%	5.83%
P/E Ratio	N/A	35.41	79.23	23.99
Price / Sales	18.22	202.10	624.82	118.14
Price / Cash	N/A	70.47	48.53	54.51
Price / Book	0.63	8.16	9.57	6.50
Net Income	-$92.72M	$401.76M	$1.07B	$336.88M
7 Day Performance	-14.26%	-1.75%	-0.83%	-0.16%
1 Month Performance	-31.24%	7.07%	0.96%	0.76%
1 Year Performance	-55.22%	57.60%	156.58%	28.49%

NOVONIX Competitors List

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Company	MarketRank	Share Price	Analysts' Price Target	1Y Price Performance	Market Cap	Revenue	P/E Ratio	Employee Count	Indicator(s)
NVX NOVONIX	0.1665 of 5 stars	$0.47 -2.2%	N/A	-55.2%	$102.37M	$5.62M	N/A	N/A
ELVA Electrovaya	3.2792 of 5 stars	$9.56 -5.5%	$14.63 +53.0%	+197.3%	$473.32M	$63.83M	79.67	97	Positive News
MVST Microvast	0.2055 of 5 stars	$1.25 -3.1%	N/A	-66.0%	$416.45M	$427.52M	N/A	1,908	News Coverage Positive News
NPWR NET Power	1.7734 of 5 stars	$1.74 -0.3%	$3.50 +101.7%	-19.4%	$389.37M	$250K	N/A	24
SES SES AI	2.9107 of 5 stars	$1.05 -6.7%	$2.70 +158.4%	+21.0%	$383.12M	$21M	N/A	130	Gap Down

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This page (NASDAQ:NVX) was last updated on 6/24/2026 by MarketBeat.com Staff.

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