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Electrovaya ( (TSE:ELVA) ) just unveiled an update.
Electrovaya Inc. reported strong financial results for Q1 2025, with a revenue of $11.2 million and a positive adjusted EBITDA for the seventh consecutive quarter. The company has strengthened its balance sheet, improved its financial position, and is making significant progress in securing financing to support its U.S. manufacturing expansion in Jamestown, New York. Electrovaya reaffirmed its fiscal 2025 revenue guidance exceeding $60 million, driven by a strong order pipeline. This positions the company for continued growth and reinforces its strategic initiatives in the energy storage industry.
More about Electrovaya
Electrovaya Inc. is a prominent player in the lithium-ion battery technology and manufacturing sector, focusing on innovative energy storage solutions. The company is recognized for its robust market presence and commitment to expanding its manufacturing capabilities, particularly in the United States.
YTD Price Performance: -6.86%
Average Trading Volume: 108,987
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $81.95M
Find detailed analytics on ELVA stock on TipRanks’ Stock Analysis page.
