ELVA Stock Chart & Stats
$8.33
-$0.29(-3.36%)
At close: 4:00 PM EDT
$8.33
-$0.29(-3.36%)
Day’s Range― - ―
52-Week Range$4.10 - $12.78
Previous Close$2.64
Volume570.11K
Average Volume (3M)1.53M
Market Cap
$334.33M
Enterprise Value$818.47
Total Cash (Recent Filing)$16.23M
Total Debt (Recent Filing)$41.37M
Price to Earnings (P/E)67.2
Beta1.39
Next Earnings
Dec 08, 2026EPS Estimate
0.05Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.10
Shares Outstanding49,998,898
10 Day Avg. Volume3,969,280
30 Day Avg. Volume1,525,377
Financial Highlights & Ratios
PEG Ratio-0.23
Price to Book (P/B)7.39
Price to Sales (P/S)3.60
P/FCF Ratio-24.21
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$16.20Price Target Upside94.48% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)0.09
Revenue Forecast (FY)$58.50M
Bulls Say, Bears Say
Bulls Say
Revenue And Profitability ImprovementSustained revenue growth alongside a transition to profitability indicates improving commercial traction and operating leverage. Positive earnings provide a stronger base for funding expansion, although the still-modest net margin limits resilience if costs increase.
Strong Gross Margin And EBITDA PerformanceRecord gross margin and adjusted EBITDA suggest improving product mix, manufacturing economics and pricing execution. If maintained as volume scales, these gains can support durable profitability and help offset the capital demands of expansion.
Strategic Amazon Customer RelationshipA formal long-term agreement with the largest customer creates strategic alignment across material handling, robotics and stationary storage. It can improve order visibility and provide a platform for future growth, though milestone conversion remains important.
Bears Say
Negative TTM Operating And Free Cash FlowWeak cash conversion means reported earnings are not currently translating into self-funded operations. Persistent working-capital or investment needs could increase reliance on borrowing or equity financing and constrain the company’s ability to scale independently.
Higher Debt And Financing DependenceThe substantial increase in debt raises refinancing and interest-cost sensitivity while cash generation remains inconsistent. Greater leverage can reduce financial flexibility and increase execution pressure during the manufacturing expansion and product ramp.
Supply Chain And Production Ramp Execution RiskCapacity constraints and an unfinished Jamestown ramp could delay shipments, revenue conversion and customer deployments. The company’s growth plan depends on resolving sourcing issues and starting production successfully, making execution a material medium-term risk.
Electrovaya News
ELVA FAQ
What was Electrovaya Inc.’s price range in the past 12 months?
Electrovaya Inc. lowest stock price was $4.10 and its highest was $12.78 in the past 12 months.
What is Electrovaya Inc.’s market cap?
Electrovaya Inc.’s market cap is $334.33M.
When is Electrovaya Inc.’s upcoming earnings report date?
Electrovaya Inc.’s upcoming earnings report date is Dec 08, 2026 which is in 107 days.
How were Electrovaya Inc.’s earnings last quarter?
Electrovaya Inc. released its earnings results on Aug 10, 2026. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.034 by -$0.024.
Is Electrovaya Inc. overvalued?
According to Wall Street analysts Electrovaya Inc.’s price is currently Undervalued.
Does Electrovaya Inc. pay dividends?
Electrovaya Inc. does not currently pay dividends.
What is Electrovaya Inc.’s EPS estimate?
Electrovaya Inc.’s EPS estimate is 0.05.
How many shares outstanding does Electrovaya Inc. have?
Electrovaya Inc. has 49,998,898 shares outstanding.
What happened to Electrovaya Inc.’s price movement after its last earnings report?
Electrovaya Inc. reported an EPS of $0.01 in its last earnings report, missing expectations of $0.034. Following the earnings report the stock price went down -21.013%.
Which hedge fund is a major shareholder of Electrovaya Inc.?
Currently, no hedge funds are holding shares in ELVA
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Electrovaya Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Strong Buy
Average Price Target:
$16.20 (94.48% Upside)
$16.20 (94.48% Upside)
Blogger Sentiment
Bullish
ELVA Sentiment 83%
Sector Average 56%
Sector Average 56%
Insider Transactions
Sold Shares
Worth $1.5M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 6.8%
Last 30 Days ▼ 3.2%
Last 30 Days ▼ 3.2%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
78.37%
12-Months-Change
Fundamentals
Return on Equity
―
Trailing 12-Months
Asset Growth
120.01%
Trailing 12-Months
Company Description
Electrovaya Inc.
Electrovaya Inc. engages in the design, development, manufacture, and sale of lithium-ion batteries, battery management systems, and battery-related products for energy storage, clean electric transportation, and other specialized applications in North America. It operates infinity battery systems comprising of low and high voltage systems. The company also operates solid state battery technology. In addition, it offers lithium-ion battery systems to power MHEV, including fork-lifts, as well as accessories, such as battery chargers to charge the batteries; lithium-ion batteries for robotic applications; lithium ion battery cell and modules for sales to OEM customers in the defense, construction, and other applications; high voltage battery systems for electric bus, truck, and defense applications; and industrial products for energy storage. The company was formerly known as Electrofuel Inc. and changed its name to Electrovaya Inc. in March 2002. Electrovaya Inc. was incorporated in 1996 and is headquartered in Mississauga, Canada.
ELVA Earnings Call
Q3 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call conveyed a broadly positive strategic outlook anchored by several major durable wins and capabilities — a formalized Amazon agreement, launch of the high‑power ElvaPulse product, record gross margins and adjusted EBITDA, and Jamestown nearing production. These developments position the company for a material revenue and product-mix shift in FY2027 and beyond. Near-term challenges include timing-driven revenue deferrals (~$5M), supply‑chain and SKU complexity limiting short-term deliveries, higher quarter-level operating expenses and an increase in debt and working capital use. Management framed the negatives as timing and execution risks rather than demand loss, emphasizing certification, production ramp and pipeline conversion as the keys to realize the upside.View all ELVA earnings summariesELVA Stock 12 Month Forecast
Average Price Target
$16.20
▲(94.48% Upside)
Technical Analysis
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Ownership Overview
28.69% Insiders
10.47% Mutual Funds
11.51% Other Institutional Investors
48.71% Public Companies and
Individual Investors