Electrovaya Chairman Exercises 1.42M Warrants, Increases Stake to 23.66%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 20 2026
0mins
Source: seekingalpha
- Warrant Exercise: Electrovaya's Chairman Sankar Das Gupta exercised 1.42 million warrants at $0.90 per share, acquiring an equivalent number of common shares, which reflects confidence in the company's future prospects.
- Increased Ownership: Following the exercise, Gupta's stake rose from 10.27 million shares to 11.69 million shares, increasing his ownership percentage from 21.40% to 23.66%, thereby enhancing his influence in corporate decision-making.
- Options Holding: Gupta retains 605,000 options to purchase additional common shares, indicating his ongoing commitment to the company's long-term growth potential.
- Market Reaction: Despite Gupta's increased stake, Electrovaya's stock price fell 3.05% in premarket trading to $9.52, reflecting a cautious market sentiment regarding the company's outlook.
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Analyst Views on ELVA
Wall Street analysts forecast ELVA stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for ELVA is 9.90 USD with a low forecast of 7.00 USD and a high forecast of 14.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Analyst Rating
5 Buy
0 Hold
0 Sell
Strong Buy
Current: 10.560
Low
7.00
Averages
9.90
High
14.00
Current: 10.560
Low
7.00
Averages
9.90
High
14.00
About ELVA
Electrovaya Inc. is a Canada-based lithium-ion battery technology and manufacturing company. The Company designs, develops and manufactures proprietary lithium-ion batteries, battery systems, and battery-related products for energy storage, clean electric transportation, and other specialized applications. The Company is focused on contributing to the prevention of climate change by supplying safe and long-lasting lithium-ion batteries. Its technology includes infinity battery technology and solid state battery technology. The Company’s product portfolio includes cell technology, infinity battery systems, low voltage, and high voltage. Its infinity battery system-high voltage applications include E-buses, E-trucks, Mining Vehicles, and Defense. The Company has two operating sites in Canada and a 52-acre site with a 135,000 square foot manufacturing facility in Jamestown, New York state for its planned gigafactory.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Electrovaya Chairman Exercises 1.42M Warrants, Increases Stake to 23.66%
- Warrant Exercise: Electrovaya's Chairman Sankar Das Gupta exercised 1.42 million warrants at $0.90 per share, acquiring an equivalent number of common shares, which reflects confidence in the company's future prospects.
- Increased Ownership: Following the exercise, Gupta's stake rose from 10.27 million shares to 11.69 million shares, increasing his ownership percentage from 21.40% to 23.66%, thereby enhancing his influence in corporate decision-making.
- Options Holding: Gupta retains 605,000 options to purchase additional common shares, indicating his ongoing commitment to the company's long-term growth potential.
- Market Reaction: Despite Gupta's increased stake, Electrovaya's stock price fell 3.05% in premarket trading to $9.52, reflecting a cautious market sentiment regarding the company's outlook.
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Earnings Report for December 10, 2025: ORCL, ADBE, SNPS, NDSN, MTN, PL, OXM, ELVA, ASYS, DLHC, SKIL, CULP Released After Market Hours
Earnings Reports Overview: Several companies, including Oracle, Adobe, and Synopsys, are set to report their earnings for the quarter ending November 30, 2025, with varying forecasts and historical performance metrics.
Oracle Corporation (ORCL): Expected to report earnings per share (EPS) of $1.29, reflecting a 12.17% increase year-over-year, despite missing previous consensus estimates.
Adobe Inc. (ADBE): Forecasted EPS of $4.39, indicating a 7.86% increase from last year, with a strong track record of beating expectations in previous quarters.
Other Companies: Various firms like Nordson Corporation and Vail Resorts are also reporting, with some showing significant decreases in EPS forecasts compared to last year, while others like Skillsoft Corp. are expected to show substantial increases.
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