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Stock Comparison

RAYA vs NRGV vs STEM vs MVST vs PLUG

Revenue, margins, valuation, and 5-year total return — side by side.

Live fundamentals10-year financials5-year price chart
RAYA
Erayak Power Solution Group Inc.

Electrical Equipment & Parts

IndustrialsNASDAQ • CN
Market Cap$354K
5Y Perf.-99.9%
NRGV
Energy Vault Holdings, Inc.

Renewable Utilities

UtilitiesNYSE • US
Market Cap$784M
5Y Perf.+45.2%
STEM
Stem, Inc.

Software - Infrastructure

TechnologyNYSE • US
Market Cap$78M
5Y Perf.-94.9%
MVST
Microvast Holdings, Inc.

Electrical Equipment & Parts

IndustrialsNASDAQ • US
Market Cap$688M
5Y Perf.+39.2%
PLUG
Plug Power Inc.

Electrical Equipment & Parts

IndustrialsNASDAQ • US
Market Cap$4.34B
5Y Perf.-74.8%

RAYA vs NRGV vs STEM vs MVST vs PLUG — Key Financials

Market cap, revenue, margins, and valuation side-by-side.

Company Snapshot
RAYA logoRAYA
NRGV logoNRGV
STEM logoSTEM
MVST logoMVST
PLUG logoPLUG
IndustryElectrical Equipment & PartsRenewable UtilitiesSoftware - InfrastructureElectrical Equipment & PartsElectrical Equipment & Parts
Market Cap$354K$784M$78M$688M$4.34B
Revenue (TTM)$53M$217M$149M$428M$710M
Net Income (TTM)$-3M$-115M$139M$-29M$-1.63B
Gross Margin14.6%22.1%32.5%28.6%99.8%
Operating Margin-6.0%-35.8%-46.8%1.6%38.1%
Forward P/E35.5x
Total Debt$12M$95M$369M$186M$997M
Cash & Equiv.$185K$58M$49M$105M$1M

RAYA vs NRGV vs STEM vs MVST vs PLUGLong-Term Stock Performance

Price return indexed to 100 at period start. Dividends excluded.

RAYA
NRGV
STEM
MVST
PLUG
StockDec 22May 26Return
Erayak Power Soluti… (RAYA)1000.1-99.9%
Energy Vault Holdin… (NRGV)100145.2+45.2%
Stem, Inc. (STEM)1005.1-94.9%
Microvast Holdings,… (MVST)100139.2+39.2%
Plug Power Inc. (PLUG)10025.2-74.8%

Price return only. Dividends and distributions are not included.

Quick Verdict: RAYA vs NRGV vs STEM vs MVST vs PLUG

Each card shows where this stock fits in a portfolio — not just who wins on paper.

Bottom line: STEM leads in 3 of 7 categories (5-stock set), making it the strongest pick for valuation and capital efficiency and profitability and margin quality. Energy Vault Holdings, Inc. is the stronger pick specifically for growth and revenue expansion and recent price momentum and sentiment. RAYA also leads in specific categories worth noting. This set spans 3 sectors — these stocks serve different portfolio roles, not just different price points.
RAYA
Erayak Power Solution Group Inc.
The Income Pick

RAYA ranks third and is worth considering specifically for income & stability and sleep-well-at-night.

  • beta 1.13
  • Lower volatility, beta 1.13, Low D/E 35.4%, current ratio 2.09x
  • Beta 1.13, current ratio 2.09x
  • Beta 1.13 vs STEM's 3.78
Best for: income & stability and sleep-well-at-night
NRGV
Energy Vault Holdings, Inc.
The Long-Run Compounder

NRGV is the #2 pick in this set and the best alternative if long-term compounding is your priority.

  • -53.1% 10Y total return vs PLUG's 61.7%
  • 340.9% revenue growth vs RAYA's -24.6%
  • +475.7% vs RAYA's -99.9%
Best for: long-term compounding
STEM
Stem, Inc.
The Value Play

STEM carries the broadest edge in this set and is the clearest fit for value and quality.

  • Better valuation composite
  • 93.3% margin vs PLUG's -229.8%
  • 41.8% ROA vs PLUG's -64.3%, ROIC -52.6% vs 10.9%
Best for: value and quality
MVST
Microvast Holdings, Inc.
The Industrials Pick

MVST lags the leaders in this set but could rank higher in a more targeted comparison.

Best for: industrials exposure
PLUG
Plug Power Inc.
The Growth Play

PLUG is the clearest fit if your priority is growth exposure.

  • Rev growth 12.9%, EPS growth 100.0%, 3Y rev CAGR 0.4%
Best for: growth exposure
See the full category breakdown
CategoryWinnerWhy
GrowthNRGV logoNRGV340.9% revenue growth vs RAYA's -24.6%
ValueSTEM logoSTEMBetter valuation composite
Quality / MarginsSTEM logoSTEM93.3% margin vs PLUG's -229.8%
Stability / SafetyRAYA logoRAYABeta 1.13 vs STEM's 3.78
DividendsTieNone of these 5 stocks pay a meaningful dividend
Momentum (1Y)NRGV logoNRGV+475.7% vs RAYA's -99.9%
Efficiency (ROA)STEM logoSTEM41.8% ROA vs PLUG's -64.3%, ROIC -52.6% vs 10.9%

RAYA vs NRGV vs STEM vs MVST vs PLUG — Revenue Breakdown by Segment

How each company's revenue is distributed across its business units

RAYAErayak Power Solution Group Inc.
FY 2025
Shipping and Handling
100.0%$173,784
NRGVEnergy Vault Holdings, Inc.
FY 2025
Intellectual Property Licensing
86.0%$3M
Software Licensing
14.0%$540,000
STEMStem, Inc.
FY 2025
Service
56.1%$88M
Hardware
43.9%$69M
MVSTMicrovast Holdings, Inc.

Segment breakdown not available.

PLUGPlug Power Inc.
FY 2025
Sale Of Electrolyzers
26.5%$188M
Fuel Delivered To Customers
18.8%$133M
Power Purchase Agreements
15.2%$108M
Sale of cryogenic equipment
13.5%$96M
Services Performed On Fuel Cell Systems And Related Infrastructure
13.3%$94M
Sales Of Fuel Cell Systems
7.6%$54M
Sale Of Hydrogen Infrastructure
3.8%$27M
Other (2)
1.4%$10M

RAYA vs NRGV vs STEM vs MVST vs PLUG — Financial Metrics

Side-by-side numbers across 5 stocks — who leads on profitability, valuation, growth, and risk.

BEST OVERALLRAYALAGGINGPLUG

Income & Cash Flow (Last 12 Months)

Evenly matched — MVST and PLUG each lead in 2 of 6 comparable metrics.

PLUG is the larger business by revenue, generating $710M annually — 13.4x RAYA's $53M. STEM is the more profitable business, keeping 93.3% of every revenue dollar as net income compared to PLUG's -2.3%. On growth, NRGV holds the edge at +156.4% YoY revenue growth, suggesting stronger near-term business momentum.

MetricRAYA logoRAYAErayak Power Solu…NRGV logoNRGVEnergy Vault Hold…STEM logoSTEMStem, Inc.MVST logoMVSTMicrovast Holding…PLUG logoPLUGPlug Power Inc.
RevenueTrailing 12 months$53M$217M$149M$428M$710M
EBITDAEarnings before interest/tax-$1M-$72M-$27M$32M-$1.5B
Net IncomeAfter-tax profit-$3M-$115M$139M-$29M-$1.6B
Free Cash FlowCash after capex-$23M-$98M-$8M$56M-$2M
Gross MarginGross profit ÷ Revenue+14.6%+22.1%+32.5%+28.6%+99.8%
Operating MarginEBIT ÷ Revenue-6.0%-35.8%-46.8%+1.6%+38.1%
Net MarginNet income ÷ Revenue-4.7%-53.0%+93.3%-6.8%-2.3%
FCF MarginFCF ÷ Revenue-43.9%-45.2%-5.6%+13.1%-0.3%
Rev. Growth (YoY)Latest quarter vs prior year-23.2%+156.4%-21.5%-15.0%+17.6%
EPS Growth (YoY)Latest quarter vs prior year-26.1%-42.9%+27.2%+119.2%+95.9%
Evenly matched — MVST and PLUG each lead in 2 of 6 comparable metrics.

Valuation Metrics

RAYA leads this category, winning 2 of 4 comparable metrics.
MetricRAYA logoRAYAErayak Power Solu…NRGV logoNRGVEnergy Vault Hold…STEM logoSTEMStem, Inc.MVST logoMVSTMicrovast Holding…PLUG logoPLUGPlug Power Inc.
Market CapShares × price$354,408$784M$78M$688M$4.3B
Enterprise ValueMkt cap + debt − cash$13M$820M$398M$769M$5.3B
Trailing P/EPrice ÷ TTM EPS-0.01x-6.97x-1.00x-23.67x
Forward P/EPrice ÷ next-FY EPS est.35.50x
PEG RatioP/E ÷ EPS growth rate
EV / EBITDAEnterprise value multiple110.15x
Price / SalesMarket cap ÷ Revenue0.02x3.85x0.50x1.61x6.12x
Price / BookPrice ÷ Book value/share0.00x8.21x1.68x
Price / FCFMarket cap ÷ FCF11.37x12.27x
RAYA leads this category, winning 2 of 4 comparable metrics.

Profitability & Efficiency

Evenly matched — RAYA and STEM each lead in 3 of 9 comparable metrics.

MVST delivers a -7.4% return on equity — every $100 of shareholder capital generates $-7 in annual profit, vs $-147 for NRGV. RAYA carries lower financial leverage with a 0.35x debt-to-equity ratio, signaling a more conservative balance sheet compared to PLUG's 19.75x. On the Piotroski fundamental quality scale (0–9), STEM scores 6/9 vs RAYA's 3/9, reflecting solid financial health.

MetricRAYA logoRAYAErayak Power Solu…NRGV logoNRGVEnergy Vault Hold…STEM logoSTEMStem, Inc.MVST logoMVSTMicrovast Holding…PLUG logoPLUGPlug Power Inc.
ROE (TTM)Return on equity-8.7%-146.8%-7.4%-124.4%
ROA (TTM)Return on assets-5.1%-40.3%+41.8%-2.9%-64.3%
ROICReturn on invested capital-2.8%-49.5%-52.6%+0.9%+10.9%
ROCEReturn on capital employed-4.2%-53.7%-22.0%+1.2%+18.6%
Piotroski ScoreFundamental quality 0–934655
Debt / EquityFinancial leverage0.35x1.07x0.45x19.75x
Net DebtTotal debt minus cash$12M$36M$320M$81M$996M
Cash & Equiv.Liquid assets$184,856$58M$49M$105M$1M
Total DebtShort + long-term debt$12M$95M$369M$186M$997M
Interest CoverageEBIT ÷ Interest expense-4.56x-10.33x5.93x-16.53x-36.18x
Evenly matched — RAYA and STEM each lead in 3 of 9 comparable metrics.

Total Returns (Dividends Reinvested)

NRGV leads this category, winning 4 of 6 comparable metrics.

A $10,000 investment in NRGV five years ago would be worth $4,637 today (with dividends reinvested), compared to $5 for RAYA. Over the past 12 months, NRGV leads with a +475.7% total return vs RAYA's -99.9%. The 3-year compound annual growth rate (CAGR) favors NRGV at 38.1% vs RAYA's -90.1% — a key indicator of consistent wealth creation.

MetricRAYA logoRAYAErayak Power Solu…NRGV logoNRGVEnergy Vault Hold…STEM logoSTEMStem, Inc.MVST logoMVSTMicrovast Holding…PLUG logoPLUGPlug Power Inc.
YTD ReturnYear-to-date-90.2%-7.4%-46.0%-24.5%+39.9%
1-Year ReturnPast 12 months-99.9%+475.7%-17.1%+1.9%+266.9%
3-Year ReturnCumulative with dividends-99.9%+163.4%-89.0%+79.0%-66.4%
5-Year ReturnCumulative with dividends-99.9%-53.6%-97.6%-81.5%-84.5%
10-Year ReturnCumulative with dividends-99.9%-53.1%-95.3%-78.2%+61.7%
CAGR (3Y)Annualised 3-year return-90.1%+38.1%-52.1%+21.4%-30.5%
NRGV leads this category, winning 4 of 6 comparable metrics.

Risk & Volatility

Evenly matched — RAYA and NRGV each lead in 1 of 2 comparable metrics.

RAYA is the less volatile stock with a 1.13 beta — it tends to amplify market swings less than STEM's 3.78 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. NRGV currently trades 71.3% from its 52-week high vs RAYA's 0.1% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricRAYA logoRAYAErayak Power Solu…NRGV logoNRGVEnergy Vault Hold…STEM logoSTEMStem, Inc.MVST logoMVSTMicrovast Holding…PLUG logoPLUGPlug Power Inc.
Beta (5Y)Sensitivity to S&P 5001.13x2.97x3.78x2.42x2.55x
52-Week HighHighest price in past year$7370.00$6.35$32.23$7.12$4.58
52-Week LowLowest price in past year$1.39$0.65$5.93$1.37$0.69
% of 52W HighCurrent price vs 52-week peak+0.1%+71.3%+28.4%+29.9%+68.1%
RSI (14)Momentum oscillator 0–10046.652.136.550.956.2
Avg Volume (50D)Average daily shares traded9.7M3.7M159K4.0M75.2M
Evenly matched — RAYA and NRGV each lead in 1 of 2 comparable metrics.

Analyst Outlook

Insufficient data to determine a leader in this category.

Analyst consensus: NRGV as "Buy", STEM as "Hold", MVST as "Buy", PLUG as "Buy". Consensus price targets imply 125.7% upside for STEM (target: $21) vs 25.3% for PLUG (target: $4).

MetricRAYA logoRAYAErayak Power Solu…NRGV logoNRGVEnergy Vault Hold…STEM logoSTEMStem, Inc.MVST logoMVSTMicrovast Holding…PLUG logoPLUGPlug Power Inc.
Analyst RatingConsensus buy/hold/sellBuyHoldBuyBuy
Price TargetConsensus 12-month target$7.00$20.67$4.80$3.91
# AnalystsCovering analysts717638
Dividend YieldAnnual dividend ÷ price
Dividend StreakConsecutive years of raises
Dividend / ShareAnnual DPS
Buyback YieldShare repurchases ÷ mkt cap0.0%0.0%0.0%0.0%0.0%
Insufficient data to determine a leader in this category.
Key Takeaway

RAYA leads in 1 of 6 categories (Valuation Metrics). NRGV leads in 1 (Total Returns). 3 tied.

Best OverallErayak Power Solution Group… (RAYA)Leads 1 of 6 categories
Loading custom metrics...

RAYA vs NRGV vs STEM vs MVST vs PLUG: Key Questions Answered

9 questions · data-driven answers · updated daily

01

Is RAYA or NRGV or STEM or MVST or PLUG 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 -24. 6% for Erayak Power Solution Group Inc. (RAYA). 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.

02

Which is the better long-term investment — RAYA or NRGV or STEM or MVST or PLUG?

Over the past 5 years, Energy Vault Holdings, Inc.

(NRGV) delivered a total return of -53. 6%, compared to -99. 9% for Erayak Power Solution Group Inc. (RAYA). Over 10 years, the gap is even starker: PLUG returned +61. 7% versus RAYA's -99. 9%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

03

Which is safer — RAYA or NRGV or STEM or MVST or PLUG?

By beta (market sensitivity over 5 years), Erayak Power Solution Group Inc.

(RAYA) is the lower-risk stock at 1. 13β versus Stem, Inc. 's 3. 78β — meaning STEM is approximately 235% more volatile than RAYA relative to the S&P 500. On balance sheet safety, Erayak Power Solution Group Inc. (RAYA) carries a lower debt/equity ratio of 35% versus 20% for Plug Power Inc. — giving it more financial flexibility in a downturn.

04

Which is growing faster — RAYA or NRGV or STEM or MVST or PLUG?

By revenue growth (latest reported year), Energy Vault Holdings, Inc.

(NRGV) is pulling ahead at 340. 9% versus -24. 6% for Erayak Power Solution Group Inc. (RAYA). On earnings-per-share growth, the picture is similar: Plug Power Inc. grew EPS 100. 0% year-over-year, compared to -3636. 3% for Erayak Power Solution Group Inc.. Over a 3-year CAGR, MVST leads at 27. 9% 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.

05

Which has better profit margins — RAYA or NRGV or STEM or MVST or PLUG?

Stem, Inc.

(STEM) is the more profitable company, earning 88. 2% net margin versus -229. 8% for Plug Power Inc. — meaning it keeps 88. 2% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: PLUG leads at 38. 1% versus -36. 5% for NRGV. At the gross margin level — before operating expenses — PLUG leads at 99. 8%, 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.

06

Is RAYA or NRGV or STEM or MVST or PLUG more undervalued right now?

Analyst consensus price targets imply the most upside for STEM: 125.

7% to $20. 67.

07

Which pays a better dividend — RAYA or NRGV or STEM or MVST or PLUG?

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.

08

Is RAYA or NRGV or STEM or MVST or PLUG better for a retirement portfolio?

For long-horizon retirement investors, Erayak Power Solution Group Inc.

(RAYA) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 1. 13)). Stem, Inc. (STEM) carries a higher beta of 3. 78 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (RAYA: -99. 9%, STEM: -95. 3%), 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.

09

What are the main differences between RAYA and NRGV and STEM and MVST and PLUG?

These companies operate in different sectors (RAYA (Industrials) and NRGV (Utilities) and STEM (Technology) and MVST (Industrials) and PLUG (Industrials)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.

In terms of investment character: RAYA is a small-cap quality compounder stock; NRGV is a small-cap high-growth stock; STEM is a small-cap quality compounder stock; MVST is a small-cap quality compounder stock; PLUG is a small-cap quality compounder 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.

Find Stocks Like These

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RAYA

Quality Business

  • Sector: Industrials
  • Market Cap > $20B
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NRGV

High-Growth Disruptor

  • Sector: Utilities
  • Market Cap > $100B
  • Revenue Growth > 78%
  • Gross Margin > 13%
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STEM

Quality Mega-Cap Compounder

  • Sector: Technology
  • Market Cap > $100B
  • Net Margin > 55%
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MVST

Quality Business

  • Sector: Industrials
  • Market Cap > $100B
  • Gross Margin > 17%
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PLUG

High-Growth Disruptor

  • Sector: Industrials
  • Market Cap > $100B
  • Revenue Growth > 8%
  • Gross Margin > 59%
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Beat Both

Find stocks that outperform RAYA and NRGV and STEM and MVST and PLUG on the metrics below

Revenue Growth>
%
(RAYA: -23.2% · NRGV: 156.4%)

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