Financial Survey: Redeia Corporacion (OTCMKTS:RDEIY) versus Enovix (NASDAQ:ENVX)

Redeia Corporacion (OTCMKTS:RDEIY) and Enovix (NASDAQ:ENVX) are both energy companies, but which is the better investment? We will contrast the two companies based on the strength of their institutional ownership, risk, profitability, earnings, dividends, analyst recommendations and valuation.

Analyst Ratings

This is a breakdown of current ratings for Redeia Corporacion and Enovix, as reported by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Redeia Corporacion	2	4	0	1	2.00
Enovix	1	4	5	0	2.40

Enovix has a consensus price target of $17.88, suggesting a potential upside of 57.91%. Given Enovix’s stronger consensus rating and higher possible upside, analysts clearly believe Enovix is more favorable than Redeia Corporacion.

Earnings & Valuation

This table compares Redeia Corporacion and Enovix”s top-line revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Redeia Corporacion	$1.73 billion	0.55	$398.69 million	N/A	N/A
Enovix	$23.07 million	96.47	-$222.24 million	($0.84)	-13.48

Redeia Corporacion has higher revenue and earnings than Enovix.

Institutional & Insider Ownership

50.9% of Enovix shares are held by institutional investors. 14.1% of Enovix shares are held by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company is poised for long-term growth.

Profitability

This table compares Redeia Corporacion and Enovix’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Redeia Corporacion	N/A	N/A	N/A
Enovix	-481.35%	-73.88%	-32.85%

Risk & Volatility

Redeia Corporacion has a beta of 0.6, suggesting that its stock price is 40% less volatile than the S&P 500. Comparatively, Enovix has a beta of 2.09, suggesting that its stock price is 109% more volatile than the S&P 500.

Summary

Enovix beats Redeia Corporacion on 7 of the 13 factors compared between the two stocks.

About Redeia Corporacion

Redeia Corporación, S.A. engages in the electricity transmission, and system operation and management of the transmission network for the electricity system in Spain and internationally. The company operates through three segments: Management and Operation of National Electricity Infrastructure; Management and Operation of International Electricity Infrastructure; and Telecommunications (Satellites and Fibre Optic). Its transmission network comprises approximately 45,141 kilometres; and has 94,981 MVA of transformation capacity. The company also provides advisory, engineering, and construction services; and telecommunications, financing, reinsurance, line and substation maintenance, technical consultancy, and satellite telecommunications services. In addition, it manages and constructs energy storage facilities and the water cycle; acquires, holds, manages, and administers equity securities; operates satellite communications system and provides space segment services for the geostationary orbital slots; and sells and leases satellites and spatial capacity. The company was formerly known as Red Eléctrica Corporación, S.A. and changed its name to Redeia Corporación, S.A. in June 2023. Redeia Corporación, S.A. was incorporated in 1985 and is based in Alcobendas, Spain.

About Enovix

Enovix Corporation designs develops and manufactures silicon-anode lithium-ion batteries. It serves wearables and IoT, smartphone, laptops and tablets, industrial and medical, and electric vehicles industries. The company was founded in 2007 and is headquartered in Fremont, California.