ELVA Stock Chart & Stats
$9.63
-$0.12(-4.58%)
At close: 4:00 PM EST
$9.63
-$0.12(-4.58%)
Day’s Range― - ―
52-Week Range$3.11 - $12.78
Previous Close$2.64
Volume82.55K
Average Volume (3M)484.36K
Market Cap
$484.67M
Enterprise Value$398.10M
Total Cash (Recent Filing)$23.55M
Total Debt (Recent Filing)$34.68M
Price to Earnings (P/E)86.0
Beta1.29
Next Earnings
Aug 18, 2026EPS Estimate
0.03Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.11
Shares Outstanding49,507,480
10 Day Avg. Volume334,575
30 Day Avg. Volume484,356
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 Cap0.82
Enterprise Value/Revenue5.61
Enterprise Value/Gross Profit18.38
Enterprise Value/Ebitda58.73
Forecast
1Y Price Target
$16.33Price Target Upside69.61% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)0.09
Revenue Forecast (FY)$60.24M
Bulls Say, Bears Say
Bulls Say
Revenue & Margin ExpansionSustained top-line growth with concurrent gross-margin expansion indicates improving unit economics and better cost control. Over a multi-quarter horizon this supports scalable profitability as volumes rise, reducing reliance on one-off gains and strengthening operating leverage.
Sustained Profitability & EBITDAConsecutive profitable quarters and rising adjusted EBITDA margins signal an operating turnaround, reflecting durable improvements in cost structure and pricing. Consistent positive earnings and EBITDA provide a stronger base for reinvestment and reduce dependence on external capital over time.
Commercial Traction & Capacity BuildVisible manufacturing progress plus a sizeable material-handling backlog/pipeline offers multi-year demand visibility. If Jamestown and cell production scale as planned, the company can capture higher-margin integrated systems and reduce supplier dependency, strengthening long-term competitive position.
Bears Say
Weak Cash GenerationPersistently negative free cash flow despite reported profitability means the company still requires external funding to support growth and working-capital build. This elevates financing and execution risk over the next 2–6 months, especially during capital-intensive ramp phases.
Higher Debt / EXIM DrawsMaterial EXIM draws and rising absolute debt increase interest and covenant exposure as production ramps. Higher leverage constrains financial flexibility, raising refinancing and servicing risk if cash generation does not improve materially during the scale-up period.
Execution & Timing RiskKey growth initiatives (Jamestown ramp, niobium fast-charge, high-voltage platforms) hinge on 2027 milestones. Delays or underperformance would defer revenue and margin benefits, exposing the company to demand timing shifts and compressing near-term returns on manufacturing investments.
Electrovaya News
ELVA FAQ
What was Electrovaya Inc.’s price range in the past 12 months?
Electrovaya Inc. lowest stock price was $3.11 and its highest was $12.78 in the past 12 months.
What is Electrovaya Inc.’s market cap?
Electrovaya Inc.’s market cap is $484.67M.
When is Electrovaya Inc.’s upcoming earnings report date?
Electrovaya Inc.’s upcoming earnings report date is Aug 18, 2026 which is in 45 days.
How were Electrovaya Inc.’s earnings last quarter?
Electrovaya Inc. released its earnings results on May 14, 2026. The company reported $0.02 earnings per share for the quarter, beating the consensus estimate of $0.011 by $0.009.
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 0.03.
How many shares outstanding does Electrovaya Inc. have?
Electrovaya Inc. has 49,507,480 shares outstanding.
What happened to Electrovaya Inc.’s price movement after its last earnings report?
Electrovaya Inc. reported an EPS of $0.02 in its last earnings report, beating expectations of $0.011. Following the earnings report the stock price went down -14.427%.
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
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4
5
6
7
8
9
10
Analyst Consensus
Strong Buy
Average Price Target:
$16.33 (69.61% Upside)
$16.33 (69.61% Upside)
Blogger Sentiment
Bullish
ELVA Sentiment 70%
Sector Average ―
Sector Average ―
Crowd Wisdom
Very Negative
Last 7 Days ▼ 0.3%
Last 30 Days ▼ 3.9%
Last 30 Days ▼ 3.9%
Technicals
SMA
Positive
20 days / 200 days
Momentum
193.05%
12-Months-Change
Fundamentals
Return on Equity
11.31%
Trailing 12-Months
Asset Growth
133.44%
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
Q2 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call conveyed a generally positive operating and financial picture: double-digit revenue growth, expanded margins, improving profitability (notably a 404% increase in 6-month net profit), stronger adjusted EBITDA and a healthier liquidity position. These financial gains are complemented by tangible product commercialization progress (robotics shipments, high-voltage systems, defense shipments), advanced technology development (niobium fast-charge, ceramic separators, energy storage platforms) and visible Jamestown site progress. Offsetting risks include supply chain-related shipment delays (~$1.4M of finished goods), order-timing uncertainty amid geopolitical and energy-price headwinds (potential shifting of some demand into FY2027), and higher total debt due to EXIM drawdowns. On balance, the financial strength and commercial/technology momentum outweigh the execution and timing risks highlighted by management.View all ELVA earnings summariesELVA Stock 12 Month Forecast
Average Price Target
$16.33
▲(69.61% Upside)
Technical Analysis
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Ownership Overview
26.50% Insiders
10.58% Mutual Funds
10.77% Other Institutional Investors
51.50% Public Companies and
Individual Investors