Financial Survey: NOVONIX (NASDAQ:NVX) and Spruce Power (NYSE:SPRU)

Spruce Power (NYSE:SPRU) and NOVONIX (NASDAQ:NVX) are both small-cap computer and technology companies, but which is the better stock? We will compare the two companies based on the strength of their earnings, risk, institutional ownership, profitability, dividends, analyst recommendations and valuation.

Profitability

This table compares Spruce Power and NOVONIX’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Spruce Power	-23.23%	-18.82%	-2.86%
NOVONIX	N/A	N/A	N/A

Earnings and Valuation

This table compares Spruce Power and NOVONIX”s top-line revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Spruce Power	$82.11 million	0.94	-$70.49 million	($1.38)	-3.09
NOVONIX	$5.85 million	32.34	-$74.82 million	N/A	N/A

Spruce Power has higher revenue and earnings than NOVONIX.

Institutional and Insider Ownership

20.8% of Spruce Power shares are held by institutional investors. Comparatively, 0.1% of NOVONIX shares are held by institutional investors. 12.7% of Spruce Power shares are held by company insiders. Comparatively, 23.7% of NOVONIX 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.

Risk & Volatility

Spruce Power has a beta of 1.24, meaning that its share price is 24% more volatile than the S&P 500. Comparatively, NOVONIX has a beta of 2.63, meaning that its share price is 163% more volatile than the S&P 500.

Analyst Recommendations

This is a breakdown of current ratings and recommmendations for Spruce Power and NOVONIX, as provided by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Spruce Power	1	0	0	0	1.00
NOVONIX	1	0	0	0	1.00

Summary

NOVONIX beats Spruce Power on 6 of the 9 factors compared between the two stocks.

About Spruce Power

Spruce Power Holding Corporation owns and operates distributed solar energy assets in the United States. The company provides subscription-based services for homeowners and businesses to own and maintain rooftop solar and battery storage. It offers its subscription-based services to approximately 75,000 customers. The company is headquartered in Denver, Colorado.

About NOVONIX

NOVONIX Limited provides battery materials and development technology for battery manufacturers, materials companies, automotive original equipment manufacturers (OEMs), and consumer electronics manufacturers in North America, Asia, Australia, and Europe. It operates through Battery Materials and Battery Technology segments. The Battery Materials segment develops and manufactures battery anode materials. The Battery Technology segment develops battery cell testing equipment, performs consulting services, and carries out research and development in battery development. The company is involved in the investment and real estate borrowing activities; and offers battery technology, battery testing hardware equipment, and battery testing and development consulting services. The company was formerly known as Graphitecorp Limited and changed its name to NOVONIX Limited in July 2017. NOVONIX Limited was incorporated in 2012 and is based in Brisbane, Australia.