ESS Tech (NYSE:GWH – Get Free Report) and Electrovaya (NASDAQ:ELVA – Get Free Report) are both small-cap computer and technology companies, but which is the superior business? We will compare the two companies based on the strength of their analyst recommendations, profitability, valuation, institutional ownership, earnings, dividends and risk.
Insider & Institutional Ownership
46.8% of ESS Tech shares are owned by institutional investors. Comparatively, 22.5% of Electrovaya shares are owned by institutional investors. 1.8% of ESS Tech shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock is poised for long-term growth.
Analyst Recommendations
This is a summary of recent ratings and price targets for ESS Tech and Electrovaya, as provided by MarketBeat.
Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
ESS Tech | 0 | 2 | 1 | 0 | 2.33 |
Electrovaya | 0 | 0 | 4 | 0 | 3.00 |
Valuation & Earnings
This table compares ESS Tech and Electrovaya’s revenue, earnings per share (EPS) and valuation.
Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
ESS Tech | $7.54 million | 15.51 | -$77.58 million | ($0.49) | -1.36 |
Electrovaya | $44.06 million | 2.33 | -$1.48 million | $0.02 | 151.58 |
Electrovaya has higher revenue and earnings than ESS Tech. ESS Tech is trading at a lower price-to-earnings ratio than Electrovaya, indicating that it is currently the more affordable of the two stocks.
Profitability
This table compares ESS Tech and Electrovaya’s net margins, return on equity and return on assets.
Net Margins | Return on Equity | Return on Assets | |
ESS Tech | -1,028.89% | -71.44% | -53.77% |
Electrovaya | 1.79% | 12.44% | 2.40% |
Summary
Electrovaya beats ESS Tech on 10 of the 13 factors compared between the two stocks.
About ESS Tech
ESS Tech, Inc., an energy storage company, designs and produces iron flow batteries for commercial and utility-scale energy storage applications worldwide. It offers energy storage products, which include Energy Warehouse, a behind-the-meter solution; and Energy Center, a front-of-the-meter solution. The company was founded in 2011 and is headquartered in Wilsonville, Oregon.
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.
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