Financial Comparison: Bloom Energy (NYSE:BE) & Enovix (NASDAQ:ENVX)

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

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%

Analyst Ratings

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

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Enovix	1	3	5	0	2.44
Bloom Energy	3	11	11	1	2.38

Enovix currently has a consensus target price of $17.50, suggesting a potential upside of 164.35%. Bloom Energy has a consensus target price of $109.83, suggesting a potential downside of 27.45%. Given Enovix’s stronger consensus rating and higher possible upside, research analysts clearly believe Enovix is more favorable than Bloom Energy.

Insider and Institutional Ownership

50.9% of Enovix shares are owned by institutional investors. Comparatively, 77.0% of Bloom Energy shares are owned by institutional investors. 14.1% of Enovix shares are owned by company insiders. Comparatively, 3.6% of Bloom Energy shares are owned by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock is poised for long-term growth.

Volatility and Risk

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

Earnings and Valuation

This table compares Enovix and Bloom Energy”s top-line revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Enovix	$23.07 million	61.93	-$222.24 million	($0.81)	-8.17
Bloom Energy	$1.47 billion	24.29	-$29.23 million	N/A	N/A

Bloom Energy has higher revenue and earnings than Enovix.

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.