Bloom Energy (NYSE:BE) vs. Enovix (NASDAQ:ENVX) Financial Review

Enovix (NASDAQ:ENVX) and Bloom Energy (NYSE:BE) are both energy companies, but which is the superior stock? We will compare the two companies based on the strength of their analyst recommendations, risk, valuation, dividends, profitability, earnings and institutional ownership.

Insider & Institutional Ownership

50.9% of Enovix shares are held by institutional investors. Comparatively, 77.0% of Bloom Energy shares are held by institutional investors. 14.1% of Enovix shares are held by company insiders. Comparatively, 3.5% of Bloom Energy shares are held 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.

Volatility & Risk

Enovix has a beta of 2.13, indicating that its stock price is 113% more volatile than the S&P 500. Comparatively, Bloom Energy has a beta of 3.01, indicating that its stock price is 201% more volatile than the S&P 500.

Profitability

This table compares Enovix and Bloom Energy’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Enovix	-525.93%	-61.78%	-25.41%
Bloom Energy	0.84%	8.74%	2.08%

Valuation & Earnings

This table compares Enovix and Bloom Energy”s revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Enovix	$23.07 million	70.44	-$222.24 million	($0.81)	-9.30
Bloom Energy	$1.47 billion	23.21	-$29.23 million	N/A	N/A

Bloom Energy has higher revenue and earnings than Enovix.

Analyst Ratings

This is a breakdown of current recommendations and price targets for Enovix and Bloom Energy, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Enovix	1	3	5	0	2.44
Bloom Energy	3	10	10	1	2.38

Enovix currently has a consensus target price of $17.50, indicating a potential upside of 132.40%. Bloom Energy has a consensus target price of $100.57, indicating a potential downside of 30.46%. Given Enovix’s stronger consensus rating and higher possible upside, equities analysts clearly believe Enovix is more favorable than Bloom Energy.

Summary

Bloom Energy beats Enovix on 10 of the 14 factors compared between the two stocks.

About Enovix

Enovix Corporation designs develops and manufactures silicon-anode lithium-ion batteries. It serves wearables and IoT, smartphone, laptops and tablets, industrial and medical, and electric vehicles industries. The company was founded in 2007 and is headquartered in Fremont, California.

About Bloom Energy

Bloom Energy Corporation designs, manufactures, sells, and installs solid-oxide fuel cell systems for on-site power generation in the United States and internationally. The company offers Bloom Energy Server, a solid oxide technology that converts fuel, such as natural gas, biogas, hydrogen, or a blend of these fuels into electricity through an electrochemical process without combustion. It sells its products through direct and indirect sales channels to utilities, data centers, agriculture, retail, hospitals, higher education, biotech, and manufacturing industries. The company was formerly known as Ion America Corp. and changed its name to Bloom Energy Corporation in 2006. Bloom Energy Corporation was incorporated in 2001 and is headquartered in San Jose, California.