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Electrovaya Inc. (TSE:ELVA)
NASDAQ:ELVA
Canadian Market
ELVA
Electrovaya
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Electrovaya (ELVA) Stock Forecast & Price Target

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See the Price Targets and Ratings of:

ELVA Analyst Ratings

Strong Buy
4Ratings
Strong Buy
4 Buy
0 Hold
0 Sell
Based on 4 analysts giving stock ratings to
Electrovaya
in the past 3 months
TipRanks enables you to focus on the analyst rating consensus of all analysts or only the top performers​ in the past 3 months

ELVA Stock 12 Month Forecast

Average Price Target

C$17.88
▲(35.28% Upside)
Based on 4 Wall Street analysts offering 12 month price targets for Electrovaya in the last 3 months. The average price target is C$17.88 with a high forecast of C$20.63 and a low forecast of C$15.13. The average price target represents a 35.28% change from the last price of C$13.22.
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Highest Price TargetC$20.63Average Price TargetC$17.88Lowest Price TargetC$15.13
The highest, average, and lowest price target of all analysts. Click on ‘Top Analysts’ to focus on the best performers.

Detailed List of Analyst Forecasts​

Detailed List of Analyst Forecasts​
Analyst Profile
Expert Firm
Price Target
Position
Upside / Downside
Action
Date
Follow
Article
Craig-Hallum Analyst forecast on TSE:ELVA
Eric Stine
Craig-Hallum
Craig-Hallum
C$19.26
Buy
45.68%
Upside
Reiterated
05/15/26
Craig-Hallum Sticks to Its Buy Rating for Electrovaya (ELVA)
Roth MKM Analyst forecast on TSE:ELVA
Craig Irwin
Roth MKM
Roth MKM
C$16.51
Buy
24.87%
Upside
Reiterated
05/15/26
Analysts Offer Insights on Industrial Goods Companies: Electrovaya (NASDAQ: ELVA) and Vertiv Holdings (NYSE: VRT)
H.C. Wainwright Analyst forecast on TSE:ELVA
Amit Dayal
H.C. Wainwright
H.C. Wainwright
C$13.76→C$20.63
Buy
56.09%
Upside
Assigned
05/15/26
Electrovaya price target raised to $15 from $10 at H.C. WainwrightElectrovaya price target raised to $15 from $10 at H.C. Wainwright
Seaport Global Analyst forecast on TSE:ELVA
Jeff Campbell
Seaport Global
Seaport Global
C$12.38→C$15.13
Buy
14.46%
Upside
Reiterated
03/01/26
Analysts' Top Industrial Goods Picks: Nordson (NDSN), Electrovaya (ELVA)
Oppenheimer Analyst forecast on TSE:ELVA
Colin Rusch
Oppenheimer
Oppenheimer
C$19.26
Buy
45.68%
Upside
Reiterated
02/13/26
Electrovaya (ELVA) Gets a Buy from Oppenheimer
Raymond James Analyst forecast on TSE:ELVA
Daniel Magder
Raymond James
Raymond James
C$13.07
Buy
-1.14%
Downside
Reiterated
12/11/25
Electrovaya's Strong Growth Potential and Strategic Advancements Drive Buy Rating
Analyst Type
Any
Any
Human Analysts
Ranks
Any
Any
Analyst Rating
Any
Any
Upside/ Downside
Any
Any
Action
Any
Any
Analyst Profile
Expert Firm
Price Target
Position
Upside / Downside
Action
Date
Follow
Article
Craig-Hallum Analyst forecast on TSE:ELVA
Eric Stine
Craig-Hallum
Craig-Hallum
C$19.26
Buy
45.68%
Upside
Reiterated
05/15/26
Craig-Hallum Sticks to Its Buy Rating for Electrovaya (ELVA)
Roth MKM Analyst forecast on TSE:ELVA
Craig Irwin
Roth MKM
Roth MKM
C$16.51
Buy
24.87%
Upside
Reiterated
05/15/26
Analysts Offer Insights on Industrial Goods Companies: Electrovaya (NASDAQ: ELVA) and Vertiv Holdings (NYSE: VRT)
H.C. Wainwright Analyst forecast on TSE:ELVA
Amit Dayal
H.C. Wainwright
H.C. Wainwright
C$13.76→C$20.63
Buy
56.09%
Upside
Assigned
05/15/26
Electrovaya price target raised to $15 from $10 at H.C. WainwrightElectrovaya price target raised to $15 from $10 at H.C. Wainwright
Seaport Global Analyst forecast on TSE:ELVA
Jeff Campbell
Seaport Global
Seaport Global
C$12.38→C$15.13
Buy
14.46%
Upside
Reiterated
03/01/26
Analysts' Top Industrial Goods Picks: Nordson (NDSN), Electrovaya (ELVA)
Oppenheimer Analyst forecast on TSE:ELVA
Colin Rusch
Oppenheimer
Oppenheimer
C$19.26
Buy
45.68%
Upside
Reiterated
02/13/26
Electrovaya (ELVA) Gets a Buy from Oppenheimer
Raymond James Analyst forecast on TSE:ELVA
Daniel Magder
Raymond James
Raymond James
C$13.07
Buy
-1.14%
Downside
Reiterated
12/11/25
Electrovaya's Strong Growth Potential and Strategic Advancements Drive Buy Rating
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Best Analysts Covering Electrovaya

3 Months
Craig IrwinRoth MKM
Success Rate
7/8 ratings generated profit
88%
Average Return
+19.94%
Copying Craig Irwin's trades and holding each position for 3 Months would result in 87.50% of your transactions generating a profit, with an average return of +19.94% per trade.
1 Year
Craig IrwinRoth MKM
Success Rate
7/8 ratings generated profit
88%
Average Return
+127.16%
Copying Craig Irwin's trades and holding each position for 1 Year would result in 87.50% of your transactions generating a profit, with an average return of +127.16% per trade.
2 Years
Craig IrwinRoth MKM
Success Rate
8/8 ratings generated profit
100%
Average Return
+211.25%
Copying Craig Irwin's trades and holding each position for 2 Years would result in 100.00% of your transactions generating a profit, with an average return of +211.25% per trade.
The Best Analyst Covering tool allows you to follow the analysts who have the best success rates and average returns on a specific stock. Only analysts that gave a Buy or Sell rating on the stock in the past 12 months are eligible for inclusion in this tool. Follow the analysts of your choice to receive real-time updates when they publish a new rating.

ELVA Analyst Recommendation Trends

Rating
Jan 26
Feb 26
Mar 26
Apr 26
May 26
Strong Buy
2
3
1
1
1
Buy
5
8
6
8
6
Hold
0
0
0
0
0
Sell
0
0
0
0
0
Strong Sell
0
0
0
0
0
total
7
11
7
9
7
In the current month, ELVA has received 7 Buy Ratings, 0 Hold Ratings, and 0 Sell Ratings. ELVA average Analyst price target in the past 3 months is 17.88.
Each month's total comprises the sum of three months' worth of ratings.

ELVA Financial Forecast

ELVA Earnings Forecast

Next quarter’s earnings estimate for ELVA is C$0.04 with a range of C$0.01 to C$0.06. The previous quarter’s EPS was C$0.03. ELVA beat its EPS estimate ― of the time in the past 12 months, while its overall industry beat the EPS estimate 63.29% of the time in the same period. In the last calendar year ELVA has Performed in-line its overall industry.
Next quarter’s earnings estimate for ELVA is C$0.04 with a range of C$0.01 to C$0.06. The previous quarter’s EPS was C$0.03. ELVA beat its EPS estimate ― of the time in the past 12 months, while its overall industry beat the EPS estimate 63.29% of the time in the same period. In the last calendar year ELVA has Performed in-line its overall industry.

ELVA Sales Forecast

Next quarter’s sales forecast for ELVA is C$29.48M with a range of C$27.51M to C$31.50M. The previous quarter’s sales results were C$24.76M. ELVA beat its sales estimates ― of the time in past 12 months, while its overall industry beat sales estimates 61.16% of the time in the same period. In the last calendar year ELVA has Performed in-line its overall industry.
Next quarter’s sales forecast for ELVA is C$29.48M with a range of C$27.51M to C$31.50M. The previous quarter’s sales results were C$24.76M. ELVA beat its sales estimates ― of the time in past 12 months, while its overall industry beat sales estimates 61.16% of the time in the same period. In the last calendar year ELVA has Performed in-line its overall industry.

ELVA Stock Forecast FAQ

What is TSE:ELVA’s average 12-month price target, according to analysts?
Based on analyst ratings, Electrovaya Inc.’s 12-month average price target is 17.88.
    What is TSE:ELVA’s upside potential, based on the analysts’ average price target?
    Electrovaya Inc. has 35.28% upside potential, based on the analysts’ average price target.
      Can I see which stocks the top-ranking analysts are rating?
      Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.
        How can I follow the stock ratings of top Wall Street analysts?
        Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.
          Is TSE:ELVA a Buy, Sell or Hold?
          Electrovaya Inc. has a consensus rating of Strong Buy which is based on 4 buy ratings, 0 hold ratings and 0 sell ratings.
            What is Electrovaya Inc.’s price target?
            The average price target for Electrovaya Inc. is 17.88. This is based on 4 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
            The highest analyst price target is C$20.63 ,the lowest forecast is C$15.13. The average price target represents 35.28% Increase from the current price of C$13.22.
              What do analysts say about Electrovaya Inc.?
              Electrovaya Inc.’s analyst rating consensus is a Strong Buy. This is based on the ratings of 4 Wall Streets Analysts.
                How can I buy shares of TSE:ELVA?
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