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ELVA Overview

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$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
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Intellectia

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High
11.860
Open
11.670
VWAP
11.55
Vol
256.34K
Mkt Cap
572.80M
Low
11.225
Amount
2.96M
EV/EBITDA(TTM)
68.31
Total Shares
49.51M
EV
590.17M
EV/OCF(TTM)
647.83
P/S(TTM)
7.77
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.
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Events Timeline

(ET)
2026-04-02
08:10:00
Electrovaya Joins $5 Million DOE Project
select
2026-03-10 (ET)
2026-03-10
07:20:00
Electrovaya Completes UL2580 Certification for Six High-Voltage Lithium-Ion Battery Models
select
2026-02-24 (ET)
2026-02-24
08:00:00
Electrovaya Receives New Orders Worth $10.5 Million
select
2026-02-12 (ET)
2026-02-12
16:30:00
Electrovaya Q1 Revenue at $15.55M, Below Consensus
select
2026-02-12
16:30:00
Company Maintains Strong Balance Sheet, Invests in Technology Development
select

News

seekingalpha
9.5
05-14seekingalpha
Electrovaya Q2 Earnings Beat Expectations with Positive Outlook
  • Earnings Highlights: Electrovaya reported Q2 GAAP EPS of $0.02, beating expectations by $0.01, with revenue of $18 million exceeding forecasts by $0.3 million, indicating strong performance in the battery market.
  • Growth Outlook: The company anticipates FY2026 revenue to surpass $83 million, with a growth rate exceeding 30%, primarily driven by sustained demand for material handling batteries and strategic entry into additional market verticals.
  • Orders and Market Demand: This financial guidance is based on existing purchase orders and anticipated pipeline from key end users, although a portion of revenue may be deferred to FY2027, overall demand remains robust, reflecting market confidence in its products.
  • Risk Factors: The company cautions that revenue guidance may be affected by recent geopolitical and economic changes, which could impact supply chains, customer demand, and the timing of revenue realization, necessitating close monitoring of market dynamics.
seekingalpha
9.5
05-13seekingalpha
Electrovaya Q2 Earnings Announcement Scheduled
  • Earnings Release Date: Electrovaya is set to announce its Q2 earnings on May 14th after market close, with consensus EPS estimated at $0.01 and revenue at $17.7 million, indicating a cautious market outlook on its financial performance.
  • Earnings Forecast Adjustments: Over the past three months, EPS estimates have seen no upward revisions and four downward revisions, reflecting a weakening analyst confidence in the company's profitability, while revenue estimates also faced no upward revisions and three downward revisions, further indicating a conservative market stance on Electrovaya's future performance.
  • Technology Advancements Discussion: Ahead of its earnings announcement, Electrovaya discussed advancements in battery technology and its business growth strategy, showcasing the company's ongoing efforts in technological innovation aimed at enhancing market competitiveness.
  • Investment Timing Analysis: Market analysts suggest that Electrovaya, as a profitable battery technology specialist, may represent an ideal investment opportunity despite the downward adjustments in earnings expectations, as its technological advantages could support future growth.
NASDAQ.COM
2.0
02-13NASDAQ.COM
Electrovaya (ELVA) Q1 2026 Earnings Transcript
Yahoo Finance
9.5
02-12Yahoo Finance
Electrovaya Reports 39% Revenue Growth in Q1
  • Strong Financial Performance: Electrovaya reported Q1 revenue of $15.5 million, a 39% year-over-year increase, indicating robust demand in the battery technology market, which is expected to drive future market share growth.
  • Significant Profitability Improvement: Adjusted EBITDA reached $2 million, up 265% year-over-year, reflecting substantial progress in cost control and operational efficiency, thereby enhancing investor confidence.
  • Robust Cash Flow: The company generated $1.9 million in operating cash flow for Q1, a significant improvement from $1 million in the same period last year, indicating ongoing optimization in financial management and operational efficiency to support future expansion plans.
  • Accelerated Technology Development: Electrovaya is advancing the development of ultra-fast charging battery technology, with sample testing expected to begin in 2026 and commercialization targeted for 2027, further solidifying its competitive position in the high-performance battery market.
seekingalpha
9.5
02-11seekingalpha
Electrovaya Q1 Earnings Announcement Scheduled
  • Earnings Release Date: Electrovaya is set to announce its Q1 earnings on February 12th after market close, with consensus EPS estimate at $0.01 and revenue estimate at $16.71 million, indicating cautious market sentiment regarding the company's financial performance.
  • Earnings Estimate Adjustments: Over the past three months, EPS estimates have seen no upward revisions and two downward adjustments, while revenue estimates also experienced no upward revisions and one downward adjustment, reflecting analysts' diminishing confidence in Electrovaya's future growth prospects.
  • Performance Beats Expectations: Electrovaya recently reported a GAAP EPS of $0.09, beating expectations by $0.01, with revenue of $63.83 million exceeding estimates by $0.22 million, suggesting an improvement in profitability that may bolster investor confidence.
  • Market Opportunity Expansion: Despite the recent positive financial results, analysts note that while Electrovaya has real traction in the forklift market, the overall narrative remains fragile, necessitating close monitoring of future market dynamics to assess the sustainability of growth.
seekingalpha
5.0
01-20seekingalpha
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.
Wall Street analysts forecast ELVA stock price to rise
5 Analyst Rating
Wall Street analysts forecast ELVA stock price to rise
5 Buy
0 Hold
0 Sell
Strong Buy
Current: 0.000
sliders
Low
7.00
Averages
10.13
High
14.00
Current: 0.000
sliders
Low
7.00
Averages
10.13
High
14.00
Roth Capital
Buy
maintain
$10 -> $12
AI Analysis
2026-05-15
Reason
Roth Capital
Price Target
$10 -> $12
AI Analysis
2026-05-15
maintain
Buy
Reason
Roth Capital raised the firm's price target on Electrovaya to $12 from $10 and keeps a Buy rating on the shares. The company posted Q2 results in line with estimates despite $1.4M in finished goods that the management was unable to deliver in the quarter due to supply chain issues, the analyst tells investors in a research note. Airline customers face greater near term uncertainty, crimping expectations for Electrovaya's new airport equipment demand, but core customer forklift battery demand is tracking above prior expectations, the firm added.
H.C. Wainwright
Amit Dayal
Buy
maintain
$10 -> $15
2026-05-15
Reason
H.C. Wainwright
Amit Dayal
Price Target
$10 -> $15
2026-05-15
maintain
Buy
Reason
H.C. Wainwright analyst Amit Dayal raised the firm's price target on Electrovaya to $15 from $10 and keeps a Buy rating on the shares post the fiscal Q2 report. The firm cites the company's "steady, profitable execution" and continued product development and market diversification efforts for the target bump.
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Valuation Metrics

The current forward P/E ratio for Electrovaya Inc (ELVA.O) is 84.03, compared to its 5-year average forward P/E of -13.99. For a more detailed relative valuation and DCF analysis to assess Electrovaya Inc's fair value, Click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average PE
-13.99
Current PE
84.03
Overvalued PE
60.10
Undervalued PE
-88.08

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average EV/EBITDA
10.64
Current EV/EBITDA
35.33
Overvalued EV/EBITDA
56.67
Undervalued EV/EBITDA
-35.39

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PS
2.67
Current PS
4.68
Overvalued PS
4.09
Undervalued PS
1.25

Financials

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Frequently Asked Questions

What is Electrovaya Inc (ELVA) stock price today?

The current price of ELVA is 11.57 USD — it has decreased -0.69

What is Electrovaya Inc (ELVA)'s business?

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.

What is the price predicton of ELVA Stock?

Wall Street analysts forecast ELVA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ELVA is10.13 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.

What is Electrovaya Inc (ELVA)'s revenue for the last quarter?

Electrovaya Inc revenue for the last quarter amounts to 18.05M USD, increased 20.18

What is Electrovaya Inc (ELVA)'s earnings per share (EPS) for the last quarter?

Electrovaya Inc. EPS for the last quarter amounts to 0.02 USD, decreased 0.00

How many employees does Electrovaya Inc (ELVA). have?

Electrovaya Inc (ELVA) has 123 emplpoyees as of May 28 2026.

What is Electrovaya Inc (ELVA) market cap?

Today ELVA has the market capitalization of 572.80M USD.