Head to Head Comparison: NeoVolta (NASDAQ:NEOV) vs. Thermon Group (NYSE:THR)
by Sarita Garza · The Markets DailyThermon Group (NYSE:THR – Get Free Report) and NeoVolta (NASDAQ:NEOV – Get Free Report) are both industrials companies, but which is the better business? We will compare the two businesses based on the strength of their analyst recommendations, dividends, earnings, risk, valuation, institutional ownership and profitability.
Insider & Institutional Ownership
99.8% of Thermon Group shares are owned by institutional investors. Comparatively, 5.1% of NeoVolta shares are owned by institutional investors. 2.5% of Thermon Group shares are owned by insiders. Comparatively, 4.0% of NeoVolta shares are owned by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company is poised for long-term growth.
Valuation & Earnings
This table compares Thermon Group and NeoVolta”s gross revenue, earnings per share and valuation.
| Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
| Thermon Group | $536.26 million | 3.76 | $44.57 million | $1.34 | 45.63 |
| NeoVolta | $8.43 million | 22.23 | -$5.03 million | ($0.33) | -10.03 |
Thermon Group has higher revenue and earnings than NeoVolta. NeoVolta is trading at a lower price-to-earnings ratio than Thermon Group, indicating that it is currently the more affordable of the two stocks.
Risk & Volatility
Thermon Group has a beta of 0.83, meaning that its share price is 17% less volatile than the S&P 500. Comparatively, NeoVolta has a beta of -0.87, meaning that its share price is 187% less volatile than the S&P 500.
Profitability
This table compares Thermon Group and NeoVolta’s net margins, return on equity and return on assets.
| Net Margins | Return on Equity | Return on Assets | |
| Thermon Group | 8.31% | 13.42% | 8.84% |
| NeoVolta | -63.35% | -141.89% | -89.61% |
Analyst Ratings
This is a breakdown of current ratings and recommmendations for Thermon Group and NeoVolta, as provided by MarketBeat.com.
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| Thermon Group | 0 | 6 | 0 | 0 | 2.00 |
| NeoVolta | 1 | 2 | 4 | 0 | 2.43 |
Thermon Group currently has a consensus price target of $57.00, indicating a potential downside of 6.77%. NeoVolta has a consensus price target of $9.50, indicating a potential upside of 187.01%. Given NeoVolta’s stronger consensus rating and higher probable upside, analysts clearly believe NeoVolta is more favorable than Thermon Group.
Summary
Thermon Group beats NeoVolta on 9 of the 14 factors compared between the two stocks.
About Thermon Group
Thermon Group Holdings, Inc. provides engineered industrial process heating solutions for process industries in the United States and Latin America, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. It offers heat tracing products, such as electric heat tracing cables, steam heating solutions, controls, monitoring and software, instrumentation, project services, industrial heating and filtration solutions, temporary electrical power distribution and lighting, and other products and services. The company also provides controls, monitoring, and software systems for the control and management of a heat trace system; environmental heating solutions under the Ruffneck, Norsemen, and Catadyne brands; process heating solutions under the Caloritech brand name; filtration solutions under the 3L Filters brand; rail and transit solutions under the Hellfire, Velocity, ArcticSense, and other brand names; and boilers under the Vapor Power, Precision Boilers, and Caloritech brands. In addition, it offers project services; transportation heating products, including track and switch heaters, accessories, control panels, rail heaters, gas blower accessories, and air curtains; transit heaters; and velocity heat products. Further, the company offers temporary power solutions; heating systems, such as engineered electric heat, explosion proof gas catalytic heaters, heaters for harshest environments, methane abatement, and engineered filtration system; electrically, steam, and fluid heated tubing bundles; and pre-insulated tubing and system accessories tubing bundles. It serves chemical and petrochemical, oil and gas, power generation, rail and transit, commercial, energy transition/decarbonization, mining and mineral processing, maritime/shipbuilding, semiconductors, pharmaceutical and biotechnology, food and beverage, data centers, and renewables industries through a network of sales and service professionals, and distributors. Thermon Group Holdings, Inc. was founded in 1954 and is headquartered in Austin, Texas.
About NeoVolta
NeoVolta Inc. designs, manufactures, and sells energy storage systems in the United States. It provides NV14, NV14-K, and NV 24 energy storage systems, which stores and uses energy through batteries and an inverter at residential or commercial sites. The company markets and sells its products directly to certified solar installers and solar equipment distributors. NeoVolta Inc. was formed in 2018 and is headquartered in Poway, California.