Financial Survey: Electrovaya (NASDAQ:ELVA) versus Energy Vault (NYSE:NRGV)

Electrovaya (NASDAQ:ELVA) and Energy Vault (NYSE:NRGV) are both small-cap computer and technology companies, but which is the superior stock? We will compare the two businesses based on the strength of their dividends, valuation, profitability, earnings, institutional ownership, analyst recommendations and risk.

Analyst Recommendations

This is a breakdown of current ratings and price targets for Electrovaya and Energy Vault, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Electrovaya	0	0	4	0	3.00
Energy Vault	2	0	4	0	2.33

Electrovaya currently has a consensus target price of $11.00, indicating a potential upside of 431.40%. Energy Vault has a consensus target price of $2.25, indicating a potential upside of 174.32%. Given Electrovaya’s stronger consensus rating and higher possible upside, equities research analysts clearly believe Electrovaya is more favorable than Energy Vault.

Valuation and Earnings

This table compares Electrovaya and Energy Vault’s top-line revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Electrovaya	$49.47 million	1.42	-$1.48 million	N/A	N/A
Energy Vault	$301.97 million	0.40	-$98.44 million	($0.60)	-1.37

Electrovaya has higher earnings, but lower revenue than Energy Vault.

Insider and Institutional Ownership

22.5% of Electrovaya shares are held by institutional investors. Comparatively, 40.0% of Energy Vault shares are held by institutional investors. 19.8% of Energy Vault shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.

Profitability

This table compares Electrovaya and Energy Vault’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Electrovaya	-0.44%	-2.83%	-0.56%
Energy Vault	-26.17%	-38.36%	-27.15%

Summary

Electrovaya beats Energy Vault on 7 of the 10 factors compared between the two stocks.

About Electrovaya

Electrovaya Inc. engages in the design, development, manufacture, and sale of lithium-ion batteries, battery management systems, and battery-related products for energy storage, clean electric transportation, and other specialized applications in North America. It offers lithium-ion batteries and systems for materials handling electric vehicles, including forklifts and automated guided vehicles, as well as battery chargers to charge the batteries; electromotive power products for electric trucks, electric buses, and other transportation applications; industrial products for energy storage; and power solutions, such as competencies in building systems for third parties. The company was formerly known as Electrofuel Inc. and changed its name to Electrovaya Inc. in March 2002. Electrovaya Inc. was incorporated in 1996 and is headquartered in Mississauga, Canada.

About Energy Vault

Energy Vault Holdings, Inc. develops and sells energy storage solutions. The company offers B-Vault, an electrochemical battery energy storage systems for shorter-duration energy storage needs; G-Vault, a proprietary gravity energy storage solution, including EVx solution; and H-Vault, a hybrid energy storage systems including systems that integrate green hydrogen. Its software solutions includes Vault-OS, an energy management system the management of one or more diverse storage mediums; Vault-Bidder that utilizes machine learning algorithms to match node-specific data with real-time weather and asset performance information; and Vault-Manager which designs to safeguard asset management and to help blend developing technologies seamlessly into existing solutions. Energy Vault Holdings, Inc. is based in Westlake Village, California.