Renewable Utilities
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4 / 10Stock Comparison
RNW vs GEV vs ARRY vs ENPH
Revenue, margins, valuation, and 5-year total return — side by side.
Renewable Utilities
Solar
Solar
RNW vs GEV vs ARRY vs ENPH — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||||
|---|---|---|---|---|
| Industry | Renewable Utilities | Renewable Utilities | Solar | Solar |
| Market Cap | $1.33B | $281.02B | $1.25B | $4.67B |
| Revenue (TTM) | $129.66B | $39.38B | $1.21B | $1.40B |
| Net Income (TTM) | $11.97B | $9.38B | $-67M | $135M |
| Gross Margin | 77.9% | 19.9% | 22.4% | 44.2% |
| Operating Margin | 48.4% | 3.9% | 4.5% | 6.8% |
| Forward P/E | 0.4x | 37.6x | 11.7x | 17.6x |
| Total Debt | $732.28B | $0.00 | $766M | $1.24B |
| Cash & Equiv. | $40.42B | $8.85B | $244M | $474M |
RNW vs GEV vs ARRY vs ENPH — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Mar 24 | May 26 | Return |
|---|---|---|---|
| ReNew Energy Global… (RNW) | 100 | 90.0 | -10.0% |
| GE Vernova Inc. (GEV) | 100 | 764.7 | +664.7% |
| Array Technologies,… (ARRY) | 100 | 55.0 | -45.0% |
| Enphase Energy, Inc. (ENPH) | 100 | 29.3 | -70.7% |
Price return only. Dividends and distributions are not included.
Quick Verdict: RNW vs GEV vs ARRY vs ENPH
Each card shows where this stock fits in a portfolio — not just who wins on paper.
RNW is the #2 pick in this set and the best alternative if income & stability is your priority.
- Dividend streak 1 yrs, beta 0.62
- Lower P/E (0.4x vs 17.6x)
- Beta 0.62 vs ARRY's 2.32
GEV carries the broadest edge in this set and is the clearest fit for long-term compounding.
- 7.0% 10Y total return vs ENPH's 17.4%
- 23.8% margin vs ARRY's -5.6%
- 0.1% yield; 1-year raise streak; the other 3 pay no meaningful dividend
- +157.4% vs ENPH's -18.9%
ARRY is the clearest fit if your priority is growth exposure.
- Rev growth 40.2%, EPS growth 62.6%, 3Y rev CAGR -7.8%
- 40.2% revenue growth vs GEV's 8.9%
ENPH is the clearest fit if your priority is sleep-well-at-night and defensive.
- Lower volatility, beta 1.70, current ratio 2.07x
- Beta 1.70, current ratio 2.07x
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 40.2% revenue growth vs GEV's 8.9% | |
| Value | Lower P/E (0.4x vs 17.6x) | |
| Quality / Margins | 23.8% margin vs ARRY's -5.6% | |
| Stability / Safety | Beta 0.62 vs ARRY's 2.32 | |
| Dividends | 0.1% yield; 1-year raise streak; the other 3 pay no meaningful dividend | |
| Momentum (1Y) | +157.4% vs ENPH's -18.9% | |
| Efficiency (ROA) | 15.2% ROA vs ARRY's -4.4%, ROIC 27.9% vs 9.0% |
RNW vs GEV vs ARRY vs ENPH — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
RNW vs GEV vs ARRY vs ENPH — Financial Metrics
Side-by-side numbers across 4 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
GEV leads in 2 of 6 categories
RNW leads 1 • ARRY leads 0 • ENPH leads 0 • 2 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
RNW leads this category, winning 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
RNW is the larger business by revenue, generating $129.7B annually — 107.6x ARRY's $1.2B. GEV is the more profitable business, keeping 23.8% of every revenue dollar as net income compared to ARRY's -5.6%. On growth, RNW holds the edge at +37.2% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||||
|---|---|---|---|---|
| RevenueTrailing 12 months | $129.7B | $39.4B | $1.2B | $1.4B |
| EBITDAEarnings before interest/tax | $86.9B | $2.2B | $95M | $171M |
| Net IncomeAfter-tax profit | $12.0B | $9.4B | -$67M | $135M |
| Free Cash FlowCash after capex | -$23.8B | $3.6B | $58M | $145M |
| Gross MarginGross profit ÷ Revenue | +77.9% | +19.9% | +22.4% | +44.2% |
| Operating MarginEBIT ÷ Revenue | +48.4% | +3.9% | +4.5% | +6.8% |
| Net MarginNet income ÷ Revenue | +9.2% | +23.8% | -5.6% | +9.6% |
| FCF MarginFCF ÷ Revenue | -18.4% | +9.2% | +4.8% | +10.4% |
| Rev. Growth (YoY)Latest quarter vs prior year | +37.2% | +16.1% | -26.1% | -20.6% |
| EPS Growth (YoY)Latest quarter vs prior year | +94.8% | +18.2% | -7.0% | -127.3% |
Valuation Metrics
Evenly matched — RNW and ARRY each lead in 3 of 6 comparable metrics.
Valuation Metrics
At 27.5x trailing earnings, ENPH trades at a 53% valuation discount to GEV's 59.1x P/E. On an enterprise value basis, RNW's 11.3x EV/EBITDA is more attractive than GEV's 121.5x.
| Metric | ||||
|---|---|---|---|---|
| Market CapShares × price | $1.3B | $281.0B | $1.3B | $4.7B |
| Enterprise ValueMkt cap + debt − cash | $8.6B | $272.2B | $1.8B | $5.4B |
| Trailing P/EPrice ÷ TTM EPS | 46.91x | 59.12x | -11.23x | 27.50x |
| Forward P/EPrice ÷ next-FY EPS est. | 0.40x | 37.62x | 11.75x | 17.61x |
| PEG RatioP/E ÷ EPS growth rate | — | — | — | 4.36x |
| EV / EBITDAEnterprise value multiple | 11.27x | 121.45x | 13.50x | 22.19x |
| Price / SalesMarket cap ÷ Revenue | 1.30x | 7.38x | 0.98x | 3.17x |
| Price / BookPrice ÷ Book value/share | 1.43x | 23.47x | 4.80x | 4.40x |
| Price / FCFMarket cap ÷ FCF | — | 75.73x | 15.72x | 48.75x |
Profitability & Efficiency
GEV leads this category, winning 6 of 9 comparable metrics.
Profitability & Efficiency
GEV delivers a 79.7% return on equity — every $100 of shareholder capital generates $80 in annual profit, vs $-21 for ARRY. ENPH carries lower financial leverage with a 1.14x debt-to-equity ratio, signaling a more conservative balance sheet compared to RNW's 5.59x. On the Piotroski fundamental quality scale (0–9), GEV scores 6/9 vs RNW's 4/9, reflecting solid financial health.
| Metric | ||||
|---|---|---|---|---|
| ROE (TTM)Return on equity | +8.4% | +79.7% | -20.6% | +13.3% |
| ROA (TTM)Return on assets | +1.2% | +15.2% | -4.4% | +4.2% |
| ROICReturn on invested capital | +4.9% | +27.9% | +9.0% | +6.8% |
| ROCEReturn on capital employed | +6.9% | +6.6% | +8.2% | +6.8% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 6 | 5 | 6 |
| Debt / EquityFinancial leverage | 5.59x | — | 2.94x | 1.14x |
| Net DebtTotal debt minus cash | $691.9B | -$8.8B | $522M | $769M |
| Cash & Equiv.Liquid assets | $40.4B | $8.8B | $244M | $474M |
| Total DebtShort + long-term debt | $732.3B | $0 | $766M | $1.2B |
| Interest CoverageEBIT ÷ Interest expense | 86.76x | — | -2.42x | 47.60x |
Total Returns (Dividends Reinvested)
GEV leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in GEV five years ago would be worth $79,830 today (with dividends reinvested), compared to $2,885 for ENPH. Over the past 12 months, GEV leads with a +157.4% total return vs ENPH's -18.9%. The 3-year compound annual growth rate (CAGR) favors GEV at 99.9% vs ENPH's -39.9% — a key indicator of consistent wealth creation.
| Metric | ||||
|---|---|---|---|---|
| YTD ReturnYear-to-date | -7.8% | +54.0% | -15.3% | +5.1% |
| 1-Year ReturnPast 12 months | -17.7% | +157.4% | +62.7% | -18.9% |
| 3-Year ReturnCumulative with dividends | +4.4% | +698.3% | -56.1% | -78.3% |
| 5-Year ReturnCumulative with dividends | -45.7% | +698.3% | -67.7% | -71.2% |
| 10-Year ReturnCumulative with dividends | -50.5% | +698.3% | -77.5% | +1737.8% |
| CAGR (3Y)Annualised 3-year return | +1.5% | +99.9% | -24.0% | -39.9% |
Risk & Volatility
Evenly matched — RNW and GEV each lead in 1 of 2 comparable metrics.
Risk & Volatility
RNW is the less volatile stock with a 0.62 beta — it tends to amplify market swings less than ARRY's 2.32 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. GEV currently trades 88.5% from its 52-week high vs ENPH's 65.2% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||||
|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.62x | 1.76x | 2.32x | 1.70x |
| 52-Week HighHighest price in past year | $8.24 | $1181.95 | $12.23 | $54.43 |
| 52-Week LowLowest price in past year | $4.38 | $387.03 | $4.92 | $25.78 |
| % of 52W HighCurrent price vs 52-week peak | +65.5% | +88.5% | +67.0% | +65.2% |
| RSI (14)Momentum oscillator 0–100 | 64.1 | 66.5 | 56.4 | 52.1 |
| Avg Volume (50D)Average daily shares traded | 734K | 2.4M | 6.0M | 5.9M |
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Analyst consensus: RNW as "Buy", GEV as "Buy", ARRY as "Buy", ENPH as "Hold". Consensus price targets imply 22.6% upside for ENPH (target: $43) vs 7.1% for GEV (target: $1120).
| Metric | ||||
|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy | Buy | Hold |
| Price TargetConsensus 12-month target | $6.52 | $1119.95 | $9.17 | $43.48 |
| # AnalystsCovering analysts | 6 | 28 | 28 | 55 |
| Dividend YieldAnnual dividend ÷ price | — | +0.1% | — | — |
| Dividend StreakConsecutive years of raises | 1 | 1 | 1 | — |
| Dividend / ShareAnnual DPS | — | $1.00 | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +1.2% | 0.0% | +2.8% |
GEV leads in 2 of 6 categories (Profitability & Efficiency, Total Returns). RNW leads in 1 (Income & Cash Flow). 2 tied.
RNW vs GEV vs ARRY vs ENPH: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is RNW or GEV or ARRY or ENPH a better buy right now?
For growth investors, Array Technologies, Inc.
(ARRY) is the stronger pick with 40. 2% revenue growth year-over-year, versus 8. 9% for GE Vernova Inc. (GEV). Enphase Energy, Inc. (ENPH) offers the better valuation at 27. 5x trailing P/E (17. 6x forward), making it the more compelling value choice. Analysts rate ReNew Energy Global Plc (RNW) a "Buy" — based on 6 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 — RNW or GEV or ARRY or ENPH?
On trailing P/E, Enphase Energy, Inc.
(ENPH) is the cheapest at 27. 5x versus GE Vernova Inc. at 59. 1x. On forward P/E, ReNew Energy Global Plc is actually cheaper at 0. 4x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — RNW or GEV or ARRY or ENPH?
Over the past 5 years, GE Vernova Inc.
(GEV) delivered a total return of +698. 3%, compared to -71. 2% for Enphase Energy, Inc. (ENPH). Over 10 years, the gap is even starker: ENPH returned +1738% versus ARRY's -77. 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 — RNW or GEV or ARRY or ENPH?
By beta (market sensitivity over 5 years), ReNew Energy Global Plc (RNW) is the lower-risk stock at 0.
62β versus Array Technologies, Inc. 's 2. 32β — meaning ARRY is approximately 272% more volatile than RNW relative to the S&P 500. On balance sheet safety, Enphase Energy, Inc. (ENPH) carries a lower debt/equity ratio of 114% versus 6% for ReNew Energy Global Plc — giving it more financial flexibility in a downturn.
05Which is growing faster — RNW or GEV or ARRY or ENPH?
By revenue growth (latest reported year), Array Technologies, Inc.
(ARRY) is pulling ahead at 40. 2% versus 8. 9% for GE Vernova Inc. (GEV). On earnings-per-share growth, the picture is similar: GE Vernova Inc. grew EPS 217. 0% year-over-year, compared to 10. 1% for ReNew Energy Global Plc. Over a 3-year CAGR, RNW leads at 17. 8% 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 — RNW or GEV or ARRY or ENPH?
GE Vernova Inc.
(GEV) is the more profitable company, earning 12. 8% net margin versus -4. 1% for Array Technologies, Inc. — meaning it keeps 12. 8% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: RNW leads at 53. 5% versus 3. 6% for GEV. At the gross margin level — before operating expenses — RNW leads at 91. 1%, 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 RNW or GEV or ARRY or ENPH more undervalued right now?
On forward earnings alone, ReNew Energy Global Plc (RNW) trades at 0.
4x forward P/E versus 37. 6x for GE Vernova Inc. — 37. 2x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for ENPH: 22. 6% to $43. 48.
08Which pays a better dividend — RNW or GEV or ARRY or ENPH?
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 RNW or GEV or ARRY or ENPH better for a retirement portfolio?
For long-horizon retirement investors, Enphase Energy, Inc.
(ENPH) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (+1738% 10Y return). Array Technologies, Inc. (ARRY) carries a higher beta of 2. 32 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (ENPH: +1738%, ARRY: -77. 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 RNW and GEV and ARRY and ENPH?
These companies operate in different sectors (RNW (Utilities) and GEV (Utilities) and ARRY (Energy) and ENPH (Energy)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.
In terms of investment character: RNW is a small-cap high-growth stock; GEV is a large-cap quality compounder stock; ARRY is a small-cap high-growth stock; ENPH 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.
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