Electrovaya Reports Strong Financial Performance for Q2 2025

The latest update is out from Electrovaya ( (TSE:ELVA) ).

Electrovaya Inc. released its unaudited condensed interim consolidated financial statements for the three and nine-month periods ending June 30, 2025. The company reported a significant increase in revenue, with a gross margin improvement compared to the previous year. This financial performance indicates a positive trajectory for Electrovaya, showcasing its ability to enhance operational efficiency and strengthen its market position.

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 Outperform.

Electrovaya’s overall stock score is driven by strong earnings call results and positive corporate events, indicating strategic growth and market expansion. However, financial performance is hindered by high debt levels and valuation concerns due to negative earnings, which temper the overall score.

To see Spark’s full report on TSE:ELVA stock, click here.

More about Electrovaya

Electrovaya Inc. operates in the energy storage industry, focusing on the development and production of lithium-ion batteries. The company is based in Mississauga, Ontario, Canada, and is known for its innovative battery solutions aimed at various applications, including electric vehicles and energy storage systems.

Average Trading Volume: 38,670

Technical Sentiment Signal: Buy

Current Market Cap: C$255.1M

For a thorough assessment of ELVA stock, go to TipRanks’ Stock Analysis page.