NOVONIX (NVX) Competitors

$0.64 -0.01 (-1.54%)

Closing price 05/14/2026 04:00 PM Eastern

Extended Trading

$0.64 0.00 (-0.31%)

As of 05/14/2026 06:58 PM Eastern

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

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 NET Power (NPWR), Electrovaya (ELVA), Microvast (MVST), SES AI (SES), and Rice Acquisition Corp. II (RONI). These companies are all part of the "electrical equipment" industry.

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

In the previous week, NET Power had 11 more articles in the media than NOVONIX. MarketBeat recorded 13 mentions for NET Power and 2 mentions for NOVONIX. NOVONIX's average media sentiment score of 0.94 beat NET Power's score of -0.15 indicating that NOVONIX is being referred to more favorably in the news media.

Company	Very Positive	Positive	Neutral	Negative	Very Negative	Overall Sentiment
NET Power	3 Very Positive mention(s)	1 Positive mention(s)	6 Neutral mention(s)	0 Negative mention(s)	0 Very Negative mention(s)	Neutral
NOVONIX	0 Very Positive mention(s)	0 Positive mention(s)	1 Neutral mention(s)	0 Negative mention(s)	0 Very Negative mention(s)	Positive

NET Power has a beta of 1.03, meaning that its share price is 3% more volatile than the broader market. Comparatively, NOVONIX has a beta of 2.52, meaning that its share price is 152% more volatile than the broader market.

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

NET Power currently has a consensus price target of $3.50, indicating a potential upside of 58.01%. Given NET Power's stronger consensus rating and higher possible upside, equities analysts clearly 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	1,988.36	-$578.63M	-$5.89	N/A
NOVONIX	$5.62M	24.52	-$92.72M	N/A	N/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
NET Power	N/A	133.74%	43.90%
NOVONIX	N/A	N/A	N/A

Summary

NET Power beats NOVONIX on 8 of the 13 factors compared between the two stocks.

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 contrast the two companies based on the strength of their dividends, analyst recommendations, institutional ownership, risk, media sentiment, profitability, earnings and valuation.

Electrovaya has a net margin of 7.07% compared to NOVONIX's net margin of 0.00%. Electrovaya's return on equity of 14.29% beat NOVONIX's return on equity.

Company	Net Margins	Return on Equity	Return on Assets
Electrovaya	7.07%	14.29%	7.33%
NOVONIX	N/A	N/A	N/A

Electrovaya has a beta of 1.44, meaning that its share price is 44% more volatile than the broader market. Comparatively, NOVONIX has a beta of 2.52, meaning that its share price is 152% more volatile than the broader market.

In the previous week, Electrovaya had 5 more articles in the media than NOVONIX. MarketBeat recorded 7 mentions for Electrovaya and 2 mentions for NOVONIX. NOVONIX's average media sentiment score of 0.94 beat Electrovaya's score of 0.84 indicating that NOVONIX is being referred to more favorably in the news media.

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

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	8.66	$3.36M	$0.12	93.00
NOVONIX	$5.62M	24.52	-$92.72M	N/A	N/A

Electrovaya currently has a consensus price target of $11.17, indicating a potential upside of 0.06%. Given Electrovaya's stronger consensus rating and higher possible 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)	2 Buy rating(s)	1 Strong Buy rating(s)	2.80
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 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.

Summary

Electrovaya beats NOVONIX on 11 of the 15 factors compared between the two stocks.

How does NOVONIX compare to Microvast?

Microvast (NASDAQ:MVST) and NOVONIX (NASDAQ:NVX) 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 risk, valuation, analyst recommendations, institutional ownership, profitability, media sentiment, dividends and earnings.

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

Microvast has a beta of 3.6, meaning that its stock price is 260% more volatile than the broader market. Comparatively, NOVONIX has a beta of 2.52, meaning that its stock price is 152% more volatile than the broader market.

In the previous week, Microvast had 10 more articles in the media than NOVONIX. MarketBeat recorded 12 mentions for Microvast and 2 mentions for NOVONIX. NOVONIX's average media sentiment score of 0.94 beat Microvast's score of 0.00 indicating that NOVONIX is being referred to more favorably in the news media.

Company	Very Positive	Positive	Neutral	Negative	Very Negative	Overall Sentiment
Microvast	1 Very Positive mention(s)	1 Positive mention(s)	5 Neutral mention(s)	1 Negative mention(s)	1 Very Negative mention(s)	Neutral
NOVONIX	0 Very Positive mention(s)	0 Positive mention(s)	1 Neutral mention(s)	0 Negative mention(s)	0 Very Negative mention(s)	Positive

Microvast has higher revenue and earnings than NOVONIX.

Company	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Microvast	$427.52M	1.15	-$29.22M	-$0.32	N/A
NOVONIX	$5.62M	24.52	-$92.72M	N/A	N/A

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

20.7% of Microvast shares are owned by institutional investors. Comparatively, 0.1% of NOVONIX shares are owned by institutional investors. 44.8% of Microvast shares are owned by insiders. Comparatively, 23.7% of NOVONIX shares are owned by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company is poised for long-term growth.

Summary

Microvast beats NOVONIX on 6 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 business? We will compare the two companies based on the strength of their risk, valuation, analyst recommendations, institutional ownership, profitability, media sentiment, dividends and earnings.

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 0.84, meaning that its stock price is 16% less volatile than the broader market. Comparatively, NOVONIX has a beta of 2.52, meaning that its stock price is 152% more volatile than the broader market.

In the previous week, SES AI had 30 more articles in the media than NOVONIX. MarketBeat recorded 32 mentions for SES AI and 2 mentions for NOVONIX. NOVONIX's average media sentiment score of 0.94 beat SES AI's score of 0.16 indicating that NOVONIX is being referred to more favorably in the news media.

Company	Very Positive	Positive	Neutral	Negative	Very Negative	Overall Sentiment
SES AI	4 Very Positive mention(s)	2 Positive mention(s)	25 Neutral mention(s)	1 Negative mention(s)	0 Very Negative mention(s)	Neutral
NOVONIX	0 Very Positive mention(s)	0 Positive mention(s)	1 Neutral mention(s)	0 Negative mention(s)	0 Very Negative mention(s)	Positive

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	18.48	-$73.04M	-$0.22	N/A
NOVONIX	$5.62M	24.52	-$92.72M	N/A	N/A

SES AI currently has a consensus target price of $2.70, indicating a potential upside of 144.34%. Given SES AI's stronger consensus rating and higher probable upside, equities research analysts clearly 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

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

Summary

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

How does NOVONIX compare to Rice Acquisition Corp. II?

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

Rice Acquisition Corp. II has lower revenue, but higher earnings than NOVONIX.

Company	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
NOVONIX	$5.62M	24.52	-$92.72M	N/A	N/A
Rice Acquisition Corp. II	N/A	N/A	$4.07M	N/A	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
Rice Acquisition Corp. II	0 Sell rating(s)	0 Hold rating(s)	0 Buy rating(s)	0 Strong Buy rating(s)	0.00

NOVONIX's return on equity of 0.00% beat Rice Acquisition Corp. II's return on equity.

Company	Net Margins	Return on Equity	Return on Assets
NOVONIX	N/A	N/A	N/A
Rice Acquisition Corp. II	N/A	-17.93%	-4.49%

0.1% of NOVONIX shares are owned by institutional investors. Comparatively, 22.5% of Rice Acquisition Corp. II shares are owned by institutional investors. 23.7% of NOVONIX shares are owned by insiders. Comparatively, 20.0% of Rice Acquisition Corp. II shares are owned by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock is poised for long-term growth.

NOVONIX has a beta of 2.52, meaning that its share price is 152% more volatile than the broader market. Comparatively, Rice Acquisition Corp. II has a beta of 0.01, meaning that its share price is 99% less volatile than the broader market.

In the previous week, NOVONIX had 2 more articles in the media than Rice Acquisition Corp. II. MarketBeat recorded 2 mentions for NOVONIX and 0 mentions for Rice Acquisition Corp. II. NOVONIX's average media sentiment score of 0.94 beat Rice Acquisition Corp. II's score of 0.00 indicating that NOVONIX is being referred to more favorably in the media.

Company	Overall Sentiment
NOVONIX	Positive
Rice Acquisition Corp. II	Neutral

Summary

NOVONIX beats Rice Acquisition Corp. II on 8 of the 10 factors compared between the two stocks.

Get NOVONIX News Delivered to You Automatically

Subscribe Now

SMS is currently available in Australia, Belgium, Canada, France, Germany, Ireland, Italy, New Zealand, the Netherlands, Singapore, South Africa, Spain, Switzerland, the United Kingdom, and the United States. By entering your phone number and clicking the sign-up button, you agree to receive periodic text messages from MarketBeat at the phone number you submitted, including texts that may be sent using an automatic telephone dialing system. Message and data rates may apply. Message frequency will vary. Messages will consist of stock alerts, news stories, and partner advertisements/offers. Consent is not a condition of the purchase of any goods or services. Text HELP for help/customer support. Unsubscribe at any time by replying "STOP" to any text message that you receive from MarketBeat or by visiting our mailing preferences page. Read our full terms of service and privacy policy.

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	$139.98M	$16.98B	$39.22B	$12.38B
Dividend Yield	N/A	1.14%	3.19%	5.35%
P/E Ratio	N/A	35.50	166.77	25.63
Price / Sales	24.52	90.17	629.32	76.61
Price / Cash	N/A	72.13	49.49	56.33
Price / Book	0.85	7.49	10.32	6.97
Net Income	-$92.72M	$387.29M	$1.03B	$333.62M
7 Day Performance	-9.22%	-1.95%	-0.48%	1.09%
1 Month Performance	-20.30%	3.88%	7.99%	3.08%
1 Year Performance	-54.93%	58.01%	163.93%	35.68%

NOVONIX Competitors List

Export

Company	MarketRank	Share Price	Analysts' Price Target	1Y Price Performance	Market Cap	Revenue	P/E Ratio	Employee Count	Indicator(s)
NVX NOVONIX	0.5963 of 5 stars	$0.64 -1.5%	N/A	-55.9%	$139.98M	$5.62M	N/A	N/A	High Trading Volume
NPWR NET Power	2.1166 of 5 stars	$2.47 +21.0%	$3.50 +41.8%	+21.7%	$553.87M	$250K	N/A	24	News Coverage Earnings Report Analyst Upgrade Insider Trade High Trading Volume
ELVA Electrovaya	2.5 of 5 stars	$10.38 -7.4%	$11.17 +7.6%	+284.8%	$513.91M	$63.83M	86.51	97	News Coverage Earnings Report
MVST Microvast	0.3729 of 5 stars	$1.41 -30.2%	N/A	-51.9%	$468.16M	$427.52M	N/A	1,908	News Coverage Earnings Report Options Volume High Trading Volume
SES SES AI	2.7857 of 5 stars	$1.00 -1.3%	$2.70 +170.8%	+14.8%	$365.52M	$21.92M	N/A	130	Trending News High Trading Volume

Related Companies and Tools

Related Companies

Top 10 Stock Comparisons

This page (NASDAQ:NVX) was last updated on 5/15/2026 by MarketBeat.com Staff.

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

NOVONIX (NVX) Competitors