Contrasting Bloom Energy (NYSE:BE) and Enovix (NASDAQ:ENVX)

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

Institutional & Insider Ownership

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

Profitability

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

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

Valuation and Earnings

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

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

Bloom Energy has higher revenue and earnings than Enovix.

Analyst Ratings

This is a breakdown of recent ratings and price targets for Bloom Energy and Enovix, as reported by MarketBeat.com.

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

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

Risk and Volatility

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

Summary

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

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.

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.