Critical Review: Thermon Group (NYSE:THR) versus Nuvve (NASDAQ:NVVE)

Thermon Group (NYSE:THR) and Nuvve (NASDAQ:NVVE) are both industrials companies, but which is the superior business? We will compare the two companies based on the strength of their risk, profitability, dividends, institutional ownership, valuation, earnings and analyst recommendations.

Analyst Recommendations

This is a breakdown of recent ratings and price targets for Thermon Group and Nuvve, as provided by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Thermon Group	0	6	0	0	2.00
Nuvve	1	0	0	0	1.00

Thermon Group presently has a consensus target price of $57.00, indicating a potential downside of 6.77%. Given Thermon Group’s stronger consensus rating and higher possible upside, equities analysts clearly believe Thermon Group is more favorable than Nuvve.

Earnings and Valuation

This table compares Thermon Group and Nuvve”s top-line revenue, earnings per share (EPS) 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
Nuvve	$4.55 million	0.13	-$30.82 million	($330.82)	-0.00

Thermon Group has higher revenue and earnings than Nuvve. Nuvve is trading at a lower price-to-earnings ratio than Thermon Group, indicating that it is currently the more affordable of the two stocks.

Insider & Institutional Ownership

99.8% of Thermon Group shares are held by institutional investors. Comparatively, 19.0% of Nuvve shares are held by institutional investors. 2.5% of Thermon Group shares are held by company insiders. Comparatively, 1.6% of Nuvve shares are held by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock is poised for long-term growth.

Profitability

This table compares Thermon Group and Nuvve’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%
Nuvve	-552.28%	N/A	-161.20%

Volatility and Risk

Thermon Group has a beta of 0.83, indicating that its stock price is 17% less volatile than the S&P 500. Comparatively, Nuvve has a beta of 1.6, indicating that its stock price is 60% more volatile than the S&P 500.

Summary

Thermon Group beats Nuvve on 12 of the 13 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 Nuvve

Nuvve Holding Corp., a green energy technology company, provides commercial vehicle-to-grid (V2G) technology platform in the United States, the United Kingdom, France, and Denmark. The company offers Grid Integrated Vehicle platform, which enables electric vehicle (EV) batteries to store and resell unused energy back to the local electric grid and provide other grid services, as well as allows EV owners to meet the energy demands of individual vehicles and entire fleets. Its V2G technology also links EV batteries into a virtual power plant that sells excess power to utility companies or utilizes saved power to reduce building energy peak consumption. In addition, the company offers networked charging stations, infrastructure, software, professional services, support, monitoring, and parts and labor warranties required to run electric vehicle fleets. It serves its products to owners/operators of light duty fleets, heavy duty fleets, automotive manufacturers, charge point operators, and strategic partners. The company was founded in 2010 and is headquartered in San Diego, California.