Renewable Utilities
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5 / 10Stock Comparison
FLNC vs STEM vs NRGV vs GNRC vs BE
Revenue, margins, valuation, and 5-year total return — side by side.
Software - Infrastructure
Renewable Utilities
Industrial - Machinery
Electrical Equipment & Parts
FLNC vs STEM vs NRGV vs GNRC vs BE — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | |||||
|---|---|---|---|---|---|
| Industry | Renewable Utilities | Software - Infrastructure | Renewable Utilities | Industrial - Machinery | Electrical Equipment & Parts |
| Market Cap | $1.77B | $91M | $728M | $15.69B | $68.63B |
| Revenue (TTM) | $2.58B | $153M | $217M | $4.33B | $2.45B |
| Net Income (TTM) | $-42M | $144M | $-115M | $189M | $6M |
| Gross Margin | 11.7% | 36.3% | 22.1% | 38.1% | 31.1% |
| Operating Margin | -1.8% | -35.1% | -35.8% | 7.5% | 8.2% |
| Forward P/E | — | — | — | 31.0x | 136.4x |
| Total Debt | $391M | $369M | $95M | $1.33B | $2.99B |
| Cash & Equiv. | $691M | $49M | $58M | $341M | $2.45B |
FLNC vs STEM vs NRGV vs GNRC vs BE — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Oct 21 | May 26 | Return |
|---|---|---|---|
| Fluence Energy, Inc. (FLNC) | 100 | 38.1 | -61.9% |
| Stem, Inc. (STEM) | 100 | 2.3 | -97.7% |
| Energy Vault Holdin… (NRGV) | 100 | 42.1 | -57.9% |
| Generac Holdings In… (GNRC) | 100 | 53.6 | -46.4% |
| Bloom Energy Corpor… (BE) | 100 | 913.2 | +813.2% |
Price return only. Dividends and distributions are not included.
Quick Verdict: FLNC vs STEM vs NRGV vs GNRC vs BE
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Among these 5 stocks, FLNC doesn't own a clear edge in any measured category.
STEM has the current edge in this matchup, primarily because of its strength in quality and efficiency.
- 94.2% margin vs NRGV's -53.0%
- 43.2% ROA vs NRGV's -40.3%, ROIC -57.1% vs -49.5%
NRGV ranks third and is worth considering specifically for growth exposure.
- Rev growth 340.9%, EPS growth 28.6%, 3Y rev CAGR 11.8%
- 340.9% revenue growth vs FLNC's -16.1%
GNRC is the #2 pick in this set and the best alternative if income & stability and sleep-well-at-night is your priority.
- Dividend streak 1 yrs, beta 1.69, yield 0.0%
- Lower volatility, beta 1.69, Low D/E 50.5%, current ratio 2.03x
- Beta 1.69, yield 0.0%, current ratio 2.03x
- Lower P/E (31.0x vs 136.4x)
BE is the clearest fit if your priority is long-term compounding.
- 10.4% 10Y total return vs GNRC's 6.7%
- +16.5% vs STEM's +6.8%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 340.9% revenue growth vs FLNC's -16.1% | |
| Value | Lower P/E (31.0x vs 136.4x) | |
| Quality / Margins | 94.2% margin vs NRGV's -53.0% | |
| Stability / Safety | Beta 1.69 vs STEM's 3.66 | |
| Dividends | Tie | None of these 5 stocks pay a meaningful dividend |
| Momentum (1Y) | +16.5% vs STEM's +6.8% | |
| Efficiency (ROA) | 43.2% ROA vs NRGV's -40.3%, ROIC -57.1% vs -49.5% |
FLNC vs STEM vs NRGV vs GNRC vs BE — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FLNC vs STEM vs NRGV vs GNRC vs BE — Financial Metrics
Side-by-side numbers across 5 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
GNRC leads in 3 of 6 categories
BE leads 1 • FLNC leads 0 • STEM leads 0 • NRGV leads 0 • 2 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
Evenly matched — GNRC and BE each lead in 2 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
GNRC is the larger business by revenue, generating $4.3B annually — 28.3x STEM's $153M. STEM is the more profitable business, keeping 94.2% of every revenue dollar as net income compared to NRGV's -53.0%. On growth, NRGV holds the edge at +156.4% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | |||||
|---|---|---|---|---|---|
| RevenueTrailing 12 months | $2.6B | $153M | $217M | $4.3B | $2.4B |
| EBITDAEarnings before interest/tax | -$19M | -$16M | -$72M | $472M | $240M |
| Net IncomeAfter-tax profit | -$42M | $144M | -$115M | $189M | $6M |
| Free Cash FlowCash after capex | -$269M | -$8M | -$98M | $419M | $233M |
| Gross MarginGross profit ÷ Revenue | +11.7% | +36.3% | +22.1% | +38.1% | +31.1% |
| Operating MarginEBIT ÷ Revenue | -1.8% | -35.1% | -35.8% | +7.5% | +8.2% |
| Net MarginNet income ÷ Revenue | -1.6% | +94.2% | -53.0% | +4.4% | +0.2% |
| FCF MarginFCF ÷ Revenue | -10.4% | -5.5% | -45.2% | +9.7% | +9.5% |
| Rev. Growth (YoY)Latest quarter vs prior year | +7.7% | -10.8% | +156.4% | +12.4% | +130.4% |
| EPS Growth (YoY)Latest quarter vs prior year | +33.3% | +27.2% | -42.9% | +69.9% | +3.3% |
Valuation Metrics
Evenly matched — STEM and GNRC each lead in 2 of 6 comparable metrics.
Valuation Metrics
On an enterprise value basis, GNRC's 34.5x EV/EBITDA is more attractive than BE's 560.7x.
| Metric | |||||
|---|---|---|---|---|---|
| Market CapShares × price | $1.8B | $91M | $728M | $15.7B | $68.6B |
| Enterprise ValueMkt cap + debt − cash | $1.5B | $411M | $765M | $16.7B | $69.2B |
| Trailing P/EPrice ÷ TTM EPS | -36.65x | -1.16x | -6.48x | 99.41x | -771.54x |
| Forward P/EPrice ÷ next-FY EPS est. | — | — | — | 30.99x | 136.38x |
| PEG RatioP/E ÷ EPS growth rate | — | — | — | — | — |
| EV / EBITDAEnterprise value multiple | — | — | — | 34.47x | 560.66x |
| Price / SalesMarket cap ÷ Revenue | 0.78x | 0.58x | 3.58x | 3.73x | 33.91x |
| Price / BookPrice ÷ Book value/share | 3.22x | — | 7.63x | 6.01x | 86.55x |
| Price / FCFMarket cap ÷ FCF | — | 13.27x | — | 58.52x | 1200.02x |
Profitability & Efficiency
GNRC leads this category, winning 5 of 9 comparable metrics.
Profitability & Efficiency
GNRC delivers a 7.2% return on equity — every $100 of shareholder capital generates $7 in annual profit, vs $-147 for NRGV. GNRC carries lower financial leverage with a 0.51x debt-to-equity ratio, signaling a more conservative balance sheet compared to BE's 3.77x. On the Piotroski fundamental quality scale (0–9), STEM scores 6/9 vs FLNC's 3/9, reflecting solid financial health.
| Metric | |||||
|---|---|---|---|---|---|
| ROE (TTM)Return on equity | -8.3% | — | -146.8% | +7.2% | +0.8% |
| ROA (TTM)Return on assets | -1.8% | +43.2% | -40.3% | +3.4% | +0.2% |
| ROICReturn on invested capital | -15.9% | -57.1% | -49.5% | +5.9% | +4.1% |
| ROCEReturn on capital employed | -5.7% | -23.9% | -53.7% | +6.9% | +2.5% |
| Piotroski ScoreFundamental quality 0–9 | 3 | 6 | 4 | 6 | 4 |
| Debt / EquityFinancial leverage | 0.71x | — | 1.07x | 0.51x | 3.77x |
| Net DebtTotal debt minus cash | -$300M | $320M | $36M | $992M | $538M |
| Cash & Equiv.Liquid assets | $691M | $49M | $58M | $341M | $2.5B |
| Total DebtShort + long-term debt | $391M | $369M | $95M | $1.3B | $3.0B |
| Interest CoverageEBIT ÷ Interest expense | — | 14.43x | -10.33x | 4.54x | 1.05x |
Total Returns (Dividends Reinvested)
BE leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in BE five years ago would be worth $128,359 today (with dividends reinvested), compared to $257 for STEM. Over the past 12 months, BE leads with a +1647.1% total return vs STEM's +6.8%. The 3-year compound annual growth rate (CAGR) favors BE at 156.3% vs STEM's -49.5% — a key indicator of consistent wealth creation.
| Metric | |||||
|---|---|---|---|---|---|
| YTD ReturnYear-to-date | -41.1% | -37.0% | -13.9% | +89.5% | +189.3% |
| 1-Year ReturnPast 12 months | +223.6% | +6.8% | +510.5% | +135.1% | +1647.1% |
| 3-Year ReturnCumulative with dividends | -28.0% | -87.2% | +144.8% | +142.1% | +1584.2% |
| 5-Year ReturnCumulative with dividends | -61.3% | -97.4% | -57.0% | -15.9% | +1183.6% |
| 10-Year ReturnCumulative with dividends | -61.3% | -94.5% | -56.4% | +668.7% | +1041.9% |
| CAGR (3Y)Annualised 3-year return | -10.4% | -49.5% | +34.8% | +34.3% | +156.3% |
Risk & Volatility
GNRC leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
GNRC is the less volatile stock with a 1.69 beta — it tends to amplify market swings less than STEM's 3.66 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. GNRC currently trades 99.3% from its 52-week high vs STEM's 33.2% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | |||||
|---|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 3.55x | 3.66x | 3.08x | 1.69x | 3.61x |
| 52-Week HighHighest price in past year | $33.51 | $32.23 | $6.35 | $269.25 | $302.99 |
| 52-Week LowLowest price in past year | $3.93 | $5.93 | $0.65 | $113.50 | $16.05 |
| % of 52W HighCurrent price vs 52-week peak | +40.5% | +33.2% | +66.3% | +99.3% | +94.2% |
| RSI (14)Momentum oscillator 0–100 | 42.3 | 50.1 | 71.1 | 76.7 | 77.9 |
| Avg Volume (50D)Average daily shares traded | 4.2M | 147K | 3.7M | 902K | 10.1M |
Analyst Outlook
GNRC leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Analyst consensus: FLNC as "Hold", STEM as "Hold", NRGV as "Buy", GNRC as "Buy", BE as "Buy". Consensus price targets imply 93.4% upside for STEM (target: $21) vs -34.7% for NRGV (target: $3).
| Metric | |||||
|---|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Hold | Buy | Buy | Buy |
| Price TargetConsensus 12-month target | $19.15 | $20.67 | $2.75 | $271.22 | $187.56 |
| # AnalystsCovering analysts | 27 | 17 | 7 | 39 | 31 |
| Dividend YieldAnnual dividend ÷ price | — | — | — | +0.0% | +0.0% |
| Dividend StreakConsecutive years of raises | — | — | — | 1 | 0 |
| Dividend / ShareAnnual DPS | — | — | — | $0.00 | $0.00 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.0% | 0.0% | 0.0% | +0.9% | 0.0% |
GNRC leads in 3 of 6 categories (Profitability & Efficiency, Risk & Volatility). BE leads in 1 (Total Returns). 2 tied.
FLNC vs STEM vs NRGV vs GNRC vs BE: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is FLNC or STEM or NRGV or GNRC or BE a better buy right now?
For growth investors, Energy Vault Holdings, Inc.
(NRGV) is the stronger pick with 340. 9% revenue growth year-over-year, versus -16. 1% for Fluence Energy, Inc. (FLNC). Generac Holdings Inc. (GNRC) offers the better valuation at 99. 4x trailing P/E (31. 0x forward), making it the more compelling value choice. Analysts rate Energy Vault Holdings, Inc. (NRGV) a "Buy" — based on 7 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — FLNC or STEM or NRGV or GNRC or BE?
On forward P/E, Generac Holdings Inc.
is actually cheaper at 31. 0x.
03Which is the better long-term investment — FLNC or STEM or NRGV or GNRC or BE?
Over the past 5 years, Bloom Energy Corporation (BE) delivered a total return of +1184%, compared to -97.
4% for Stem, Inc. (STEM). Over 10 years, the gap is even starker: BE returned +1042% versus STEM's -94. 5%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — FLNC or STEM or NRGV or GNRC or BE?
By beta (market sensitivity over 5 years), Generac Holdings Inc.
(GNRC) is the lower-risk stock at 1. 69β versus Stem, Inc. 's 3. 66β — meaning STEM is approximately 116% more volatile than GNRC relative to the S&P 500. On balance sheet safety, Generac Holdings Inc. (GNRC) carries a lower debt/equity ratio of 51% versus 4% for Bloom Energy Corporation — giving it more financial flexibility in a downturn.
05Which is growing faster — FLNC or STEM or NRGV or GNRC or BE?
By revenue growth (latest reported year), Energy Vault Holdings, Inc.
(NRGV) is pulling ahead at 340. 9% versus -16. 1% for Fluence Energy, Inc. (FLNC). On earnings-per-share growth, the picture is similar: Stem, Inc. grew EPS 91. 3% year-over-year, compared to -408. 3% for Fluence Energy, Inc.. Over a 3-year CAGR, FLNC leads at 23. 6% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — FLNC or STEM or NRGV or GNRC or BE?
Stem, Inc.
(STEM) is the more profitable company, earning 88. 2% net margin versus -50. 9% for Energy Vault Holdings, Inc. — meaning it keeps 88. 2% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: GNRC leads at 6. 9% versus -38. 7% for STEM. At the gross margin level — before operating expenses — GNRC leads at 38. 3%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is FLNC or STEM or NRGV or GNRC or BE more undervalued right now?
On forward earnings alone, Generac Holdings Inc.
(GNRC) trades at 31. 0x forward P/E versus 136. 4x for Bloom Energy Corporation — 105. 4x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for STEM: 93. 4% to $20. 67.
08Which pays a better dividend — FLNC or STEM or NRGV or GNRC or BE?
None of the stocks in this comparison currently pay a material dividend.
All are effectively zero-yield and should be held for capital appreciation rather than income.
09Is FLNC or STEM or NRGV or GNRC or BE better for a retirement portfolio?
For long-horizon retirement investors, Generac Holdings Inc.
(GNRC) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (+668. 7% 10Y return). Stem, Inc. (STEM) carries a higher beta of 3. 66 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (GNRC: +668. 7%, STEM: -94. 5%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between FLNC and STEM and NRGV and GNRC and BE?
These companies operate in different sectors (FLNC (Utilities) and STEM (Technology) and NRGV (Utilities) and GNRC (Industrials) and BE (Industrials)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.
In terms of investment character: FLNC is a small-cap quality compounder stock; STEM is a small-cap quality compounder stock; NRGV is a small-cap high-growth stock; GNRC is a mid-cap quality compounder stock; BE is a mid-cap high-growth stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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