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NOVONIX (NVX) Competitors

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$0.68 -0.02 (-2.16%)
Closing price 06/3/2026 04:00 PM Eastern
Extended Trading
$0.67 -0.01 (-1.03%)
As of 06/3/2026 07:32 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.

NVX vs. ELVA, MVST, SES, NPWR, 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), SES AI (SES), NET Power (NPWR), 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 business? We will compare the two businesses 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
Electrovaya7.03% 11.35% 6.19%
NOVONIX N/A N/A N/A

Electrovaya currently has a consensus price target of $12.63, suggesting a potential upside of 11.92%. Given Electrovaya's stronger consensus rating and higher probable upside, research analysts plainly 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

Electrovaya has higher revenue and earnings than NOVONIX.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Electrovaya$63.83M8.75$3.36M$0.1294.00
NOVONIX$5.62M26.08-$92.72MN/AN/A

In the previous week, Electrovaya and Electrovaya both had 2 articles in the media. NOVONIX's average media sentiment score of 1.87 beat Electrovaya's score of 0.93 indicating that NOVONIX is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Electrovaya
0 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
NOVONIX
0 Very Positive mention(s)
1 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Very Positive

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

Electrovaya has a beta of 1.56, suggesting that its share price is 56% 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.

Summary

Electrovaya beats NOVONIX on 10 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 better investment? We will compare the two companies based on the strength of their institutional ownership, earnings, media sentiment, valuation, dividends, profitability, risk and analyst recommendations.

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
NOVONIXN/A N/A N/A
Microvast -11.52%-6.12%-2.43%

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

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

In the previous week, NOVONIX and NOVONIX both had 2 articles in the media. NOVONIX's average media sentiment score of 1.87 beat Microvast's score of 1.32 indicating that NOVONIX is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
NOVONIX
0 Very Positive mention(s)
1 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Very Positive
Microvast
0 Very Positive mention(s)
1 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Microvast has higher revenue and earnings than NOVONIX.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
NOVONIX$5.62M26.08-$92.72MN/AN/A
Microvast$427.52M1.12-$29.22M-$0.32N/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

Summary

NOVONIX and Microvast tied by winning 5 of the 10 factors compared between the two stocks.

How does NOVONIX compare to SES AI?

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

SES AI has a consensus price target of $2.70, suggesting a potential upside of 102.25%. Given SES AI's stronger consensus rating and higher possible upside, analysts plainly believe SES AI 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
SES AI
1 Sell rating(s)
1 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
2.00

In the previous week, SES AI had 22 more articles in the media than NOVONIX. MarketBeat recorded 24 mentions for SES AI and 2 mentions for NOVONIX. NOVONIX's average media sentiment score of 1.87 beat SES AI's score of 0.07 indicating that NOVONIX is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
NOVONIX
0 Very Positive mention(s)
1 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Very Positive
SES AI
1 Very Positive mention(s)
0 Positive mention(s)
23 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

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

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
NOVONIXN/A N/A N/A
SES AI -331.72%-28.65%-23.21%

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

SES AI has higher revenue and earnings than NOVONIX.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
NOVONIX$5.62M26.08-$92.72MN/AN/A
SES AI$21M23.31-$73.04M-$0.22N/A

Summary

NOVONIX and SES AI tied by winning 7 of the 14 factors compared between the two stocks.

How does NOVONIX compare to NET Power?

NOVONIX (NASDAQ:NVX) and NET Power (NYSE:NPWR) are both small-cap 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.

In the previous week, NOVONIX had 2 more articles in the media than NET Power. MarketBeat recorded 2 mentions for NOVONIX and 0 mentions for NET Power. NOVONIX's average media sentiment score of 1.87 beat NET Power's score of 0.00 indicating that NOVONIX is being referred to more favorably in the media.

Company Overall Sentiment
NOVONIX Very Positive
NET Power Neutral

NOVONIX has higher revenue and earnings than NET Power.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
NOVONIX$5.62M26.08-$92.72MN/AN/A
NET Power$250K1,701.10-$578.63M-$5.89N/A

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

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

NET Power has a consensus price target of $3.50, suggesting a potential upside of 84.70%. Given NET Power's stronger consensus rating and higher possible upside, analysts plainly believe NET Power 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
NET Power
1 Sell rating(s)
1 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
2.00

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

0.1% of NOVONIX shares are owned by institutional investors. Comparatively, 53.6% of NET Power shares are owned by institutional investors. 23.7% of NOVONIX shares are owned by company insiders. Comparatively, 2.1% of NET 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.

Summary

NET Power beats NOVONIX on 7 of the 13 factors compared between the two stocks.

How does NOVONIX compare to GrafTech International?

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

92.8% of GrafTech International shares are held by institutional investors. Comparatively, 0.1% of NOVONIX shares are held by institutional investors. 1.2% of GrafTech International shares are held by company insiders. Comparatively, 23.7% of NOVONIX shares are held by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock is poised for long-term growth.

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

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
GrafTech International$504.13M0.51-$219.84M-$8.66N/A
NOVONIX$5.62M26.08-$92.72MN/AN/A

GrafTech International presently has a consensus target price of $10.67, suggesting a potential upside of 7.64%. Given GrafTech International's stronger consensus rating and higher possible upside, equities analysts clearly believe GrafTech International is more favorable than NOVONIX.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
GrafTech International
2 Sell rating(s)
4 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
1.67
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 GrafTech International's net margin of -43.25%.

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

In the previous week, NOVONIX had 1 more articles in the media than GrafTech International. MarketBeat recorded 2 mentions for NOVONIX and 1 mentions for GrafTech International. NOVONIX's average media sentiment score of 1.87 beat GrafTech International's score of 0.62 indicating that NOVONIX is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
GrafTech International
0 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
NOVONIX
0 Very Positive mention(s)
1 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Very Positive

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

Summary

NOVONIX beats GrafTech International on 8 of the 12 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$149.81M$17.88B$41.29B$12.54B
Dividend YieldN/A0.93%3.06%5.22%
P/E RatioN/A40.35173.0124.18
Price / Sales26.0880.50622.02112.26
Price / CashN/A69.1653.0357.13
Price / Book0.918.1910.096.72
Net Income-$92.72M$391.40M$1.06B$337.19M
7 Day Performance-5.08%0.71%1.62%-0.74%
1 Month PerformanceN/AN/AN/A-1.69%
1 Year Performance-37.04%67.53%168.58%33.10%

NOVONIX Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
NVX
NOVONIX
0.7874 of 5 stars
$0.68
-2.2%
N/A-37.0%$149.81M$5.62MN/AN/A
ELVA
Electrovaya
3.5933 of 5 stars
$12.27
+8.3%
$12.63
+2.9%
+237.7%$578.74M$70.99M95.3897
MVST
Microvast
0.7798 of 5 stars
$1.54
+5.7%
N/A-59.7%$516.39M$427.52MN/A1,908
SES
SES AI
2.4031 of 5 stars
$1.43
+6.7%
$2.70
+89.5%
+45.9%$487.61M$21.92MN/A130
NPWR
NET Power
1.8492 of 5 stars
$2.09
+1.4%
$3.50
+67.1%
-31.3%$451.08MN/AN/A24

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This page (NASDAQ:NVX) was last updated on 6/4/2026 by MarketBeat.com Staff.
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