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ELVA Stock Chart & Stats
C$13.22
-C$0.17(-4.52%)
At close: 4:00 PM EST
C$13.22
-C$0.17(-4.52%)
Day’s Range― - ―
52-Week RangeC$4.22 - C$17.62
Previous CloseN/A
Volume20.30K
Average Volume (3M)126.31K
Market Cap
C$686.67M
Enterprise ValueC$398.10M
Total Cash (Recent Filing)C$23.55M
Total Debt (Recent Filing)C$34.68M
Price to Earnings (P/E)90.8
Beta1.43
Next Earnings
Aug 18, 2026EPS Estimate
0.05Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.11
Shares Outstanding49,507,480
10 Day Avg. Volume95,502
30 Day Avg. Volume126,305
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 CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$23.25Price Target Upside75.90% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)0.13
Revenue Forecast (FY)C$83.20M
Bulls Say, Bears Say
Bulls Say
Sustained Revenue GrowthDouble-digit YoY growth across the quarter and six‑month period shows expanding commercial adoption in core markets. This pace reflects repeatable demand from material‑handling and adjacent verticals, supporting durable revenue scale and capacity planning over the next 2–6 months.
Improved Margins And Consistent ProfitabilityGross margins expanding to the low‑30s and a multi‑quarter profit streak indicate structural improvements in cost control and pricing. Sustained positive net margins and recurring operating profits increase resilience to cyclical pressure and enable reinvestment into product and capacity.
Commercial Traction And Product RoadmapDiverse revenue contributors (material handling, robotics, defense) plus visible pilot/commercial wins broaden addressable markets and lower single‑customer concentration risk. Combined with roadmap items (high‑voltage, niobium cells) this supports multi‑year commercial growth if execution holds.
Bears Say
Deeply Negative Free Cash FlowLarge negative free cash flow despite modest operating cash generation signals heavy capex and/or working capital strains. This increases funding needs and execution risk over months, potentially forcing debt draws or equity raises that could constrain strategic flexibility.
Rising Debt And EXIM ExposureMaterial EXIM draws and rising absolute debt raise interest and refinancing risk. Dependence on export‑credit facility affects covenant and cash‑flow sensitivities; higher leverage reduces buffer for execution hiccups and magnifies the impact of delayed revenues.
Execution Risk On Manufacturing And New ProductsCritical capacity expansion (Jamestown) and next‑gen product rollouts (niobium fast‑charge, high‑voltage, solid‑state work) hinge on 2027 milestones. Delays or failed factory acceptance tests would push expected revenues, strain cash needs, and slow scale benefits for margins and unit economics.
Electrovaya News
ELVA FAQ
What was Electrovaya Inc.’s price range in the past 12 months?
Electrovaya Inc. lowest stock price was C$4.22 and its highest was C$17.62 in the past 12 months.
What is Electrovaya Inc.’s market cap?
Electrovaya Inc.’s market cap is C$686.67M.
When is Electrovaya Inc.’s upcoming earnings report date?
Electrovaya Inc.’s upcoming earnings report date is Aug 18, 2026 which is in 49 days.
How were Electrovaya Inc.’s earnings last quarter?
Electrovaya Inc. released its earnings results on May 14, 2026. The company reported C$0.028 earnings per share for the quarter, beating the consensus estimate of C$0.016 by C$0.013.
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 49,507,480 shares outstanding.
What happened to Electrovaya Inc.’s price movement after its last earnings report?
Electrovaya Inc. reported an EPS of C$0.028 in its last earnings report, beating expectations of C$0.016. Following the earnings report the stock price went down -13.96%.
Which hedge fund is a major shareholder of Electrovaya Inc.?
Currently, no hedge funds are holding shares in TSE: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
Neutral
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10
Analyst Consensus
Strong Buy
Average Price Target:
C$23.25 (75.90% Upside)
C$23.25 (75.90% Upside)
Blogger Sentiment
Bullish
TSE:ELVA Sentiment 70%
Sector Average ―
Sector Average ―
Crowd Wisdom
Neutral
Last 7 Days ▲ 0.1%
Last 30 Days ▼ 5.7%
Last 30 Days ▼ 5.7%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
186.21%
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 TSE:ELVA earnings summariesELVA Stock 12 Month Forecast
Average Price Target
C$23.25
▲(75.90% Upside)
Technical Analysis
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Options Prices
Currently, No data available
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