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Electrovaya ( (TSE:ELVA) ) has issued an update.
Electrovaya reported a 40% year-over-year increase in revenue to $15 million for Q2 2025, marking its eighth consecutive quarter of positive adjusted EBITDA. The company achieved a net profit of $0.8 million and maintained strong margins. Electrovaya secured significant financing, including a $51 million loan from the Export-Import Bank of the United States and a $20 million working capital facility from the Bank of Montreal, to support its manufacturing expansion in New York. The company is also expanding into new market verticals and growing its recurring revenue base, positioning itself for sustained growth and innovation in the lithium-ion battery sector.
The most recent analyst rating on (TSE:ELVA) stock is a Buy with a C$4.00 price target. To see the full list of analyst forecasts on Electrovaya stock, see the TSE:ELVA Stock Forecast page.
Spark’s Take on TSE:ELVA Stock
According to Spark, TipRanks’ AI Analyst, TSE:ELVA is a Neutral.
Electrovaya’s overall score reflects strong revenue growth and strategic expansions as key strengths, balanced against high debt levels and negative net margins as significant risks. Technical indicators suggest positive momentum, while valuation metrics are unfavorable due to ongoing profitability issues. Earnings call insights reinforce a positive trajectory with strategic growth plans, though financial risks and execution remain concerns.
To see Spark’s full report on TSE:ELVA stock, click here.
More about Electrovaya
Electrovaya Inc. is a leading company in the lithium-ion battery technology and manufacturing industry. The company focuses on producing battery systems and has a strong market presence with OEM partners and end-customers, particularly in material handling products. Electrovaya is expanding its operations with domestic manufacturing in Jamestown, New York, and is growing its recurring revenue streams through energy services and software-enabled battery analytics.
Average Trading Volume: 14,550
Technical Sentiment Signal: Hold
Current Market Cap: C$152.3M
For an in-depth examination of ELVA stock, go to TipRanks’ Stock Analysis page.