Roth Capital lowered the firm’s price target on Electrovaya (ELVA) to $7 from $10 and keeps a Buy rating on the shares. The company reported Q4 results essentially in-line with consensus and issued weak FY26 revenue guidance, the analyst tells investors in a research note. Roth adds it would prefer to see an improved growth visibility, which may come from new products, before becoming opportunistic on the stock.
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