TXNM Energy (NYSE:TXNM – Get Free Report) and Enovix (NASDAQ:ENVX – Get Free Report) are both energy companies, but which is the better stock? We will compare the two companies based on the strength of their analyst recommendations, risk, profitability, valuation, dividends, institutional ownership and earnings.
Profitability
This table compares TXNM Energy and Enovix’s net margins, return on equity and return on assets.
| Net Margins | Return on Equity | Return on Assets | |
| TXNM Energy | 7.27% | 7.54% | 2.03% |
| Enovix | -492.57% | -64.29% | -23.65% |
Institutional and Insider Ownership
91.7% of TXNM Energy shares are held by institutional investors. Comparatively, 50.9% of Enovix shares are held by institutional investors. 1.4% of TXNM Energy shares are held by company insiders. Comparatively, 14.1% of Enovix shares are held by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock is poised for long-term growth.
Valuation & Earnings
| Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
| TXNM Energy | $2.17 billion | 2.95 | $151.89 million | $1.46 | 40.13 |
| Enovix | $31.82 million | 34.24 | -$156.74 million | ($0.77) | -6.51 |
TXNM Energy has higher revenue and earnings than Enovix. Enovix is trading at a lower price-to-earnings ratio than TXNM Energy, indicating that it is currently the more affordable of the two stocks.
Risk and Volatility
TXNM Energy has a beta of 0.17, suggesting that its share price is 83% less volatile than the S&P 500. Comparatively, Enovix has a beta of 2.15, suggesting that its share price is 115% more volatile than the S&P 500.
Analyst Recommendations
This is a breakdown of recent ratings and price targets for TXNM Energy and Enovix, as provided by MarketBeat.com.
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| TXNM Energy | 0 | 6 | 1 | 0 | 2.14 |
| Enovix | 1 | 4 | 6 | 0 | 2.45 |
TXNM Energy currently has a consensus target price of $60.88, indicating a potential upside of 3.91%. Enovix has a consensus target price of $13.46, indicating a potential upside of 168.36%. Given Enovix’s stronger consensus rating and higher possible upside, analysts clearly believe Enovix is more favorable than TXNM Energy.
Summary
TXNM Energy beats Enovix on 8 of the 14 factors compared between the two stocks.
About TXNM Energy
TXNM Energy, Inc., through its subsidiaries, provides electricity and electric services in the United States. It operates through Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP) segments. The PNM segment engages in the generation, transmission, and distribution of electricity. The segment owns and leases communications, office and other equipment, office space, vehicles, and real estate. It generates electricity using coal, natural gas and oil, and nuclear fuel and waste, as well as solar, wind, geothermal, and battery storage energy sources. The TNMP segment provides regulated transmission and distribution services. The segment also owns and leases vehicles, service facilities, and office locations throughout its service territory. The company serves residential, commercial, and industrial customers and end-users of electricity in New Mexico and Texas. The company was formerly known as PNM Resources, Inc and changed its name to TXNM Energy, Inc. in August 2024. TXNM Energy, Inc. was founded in 1882 and is based in Albuquerque, New Mexico.
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.
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