Want to see TSE:ELVA full AI Analyst Report?
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$5.10 - C$17.62
Previous CloseN/A
Volume20.30K
Average Volume (3M)152.40K
Market Cap
C$657.95M
Enterprise ValueC$576.54
Total Cash (Recent Filing)C$23.55M
Total Debt (Recent Filing)C$34.68M
Price to Earnings (P/E)81.2
Beta1.51
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. Volume271,294
30 Day Avg. Volume152,395
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$26.67Price Target Upside101.76% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)0.13
Revenue Forecast (FY)C$83.15M
Bulls Say, Bears Say
Bulls Say
Revenue Growth & Margin ExpansionSustained revenue growth with meaningful gross‑margin expansion and five consecutive profitable quarters shows the business is scaling its core battery systems profitably. This implies improving unit economics and operating leverage likely to support durable earnings over the next 2–6 months.
Backlog & Multi‑Year Pipeline VisibilityA $100–125M backlog and pipeline provides multi‑year demand visibility for material‑handling products, supporting production planning and capacity investment. Persistent order flow reduces revenue volatility and underpins longer‑term utilization of planned factory capacity.
Strategic Amazon Commercial AgreementA commercial relationship with Amazon is a structural customer and validation event that can secure large, recurring deployments in material handling and open channels for robotics and energy storage. Such a partnership strengthens OEM credibility and long‑term sales prospects.
Bears Say
Negative Free Cash FlowDeeply negative free cash flow despite modest positive operating cash flow indicates heavy capex and working‑capital use to scale production. Persistent FCF deficits increase funding dependence and execution risk, making growth sensitive to access to external capital over the medium term.
Higher Absolute Debt & EXIM DrawRising absolute debt, driven by large EXIM draws, elevates financial leverage and interest obligations. While leverage ratios improved versus prior years, increased debt raises refinancing and covenant risk if cash generation or timing of large orders slips, constraining flexibility.
Commercialization & Timing Execution RiskKey strategic initiatives (Jamestown cell production, niobium fast‑charge cells, high‑voltage platforms) are contingent on 2027 factory starts and testing. Delays would defer revenue and scale benefits, increasing risk that investments and backlog conversion lag the company’s growth assumptions.
Electrovaya News
ELVA FAQ
What was Electrovaya Inc.’s price range in the past 12 months?
Electrovaya Inc. lowest stock price was C$5.10 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$657.95M.
When is Electrovaya Inc.’s upcoming earnings report date?
Electrovaya Inc.’s upcoming earnings report date is Aug 18, 2026 which is in 27 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$0.015 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$0.015. 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
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Strong Buy
Average Price Target:
C$26.67 (101.76% Upside)
C$26.67 (101.76% Upside)
Blogger Sentiment
Bullish
TSE:ELVA Sentiment 70%
Sector Average 63%
Sector Average 63%
Crowd Wisdom
Very Positive
Last 7 Days ▲ 11.6%
Last 30 Days ▲ 5.8%
Last 30 Days ▲ 5.8%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
148.23%
12-Months-Change
Fundamentals
Return on Equity
―
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 Stock 12 Month Forecast
Average Price Target
C$26.67
▲(101.76% Upside)
Technical Analysis
Eguana Technologies
―
FuelPositive Corp.
―
Legend Power Systems
―
Braille Energy Systems Inc
―
Tantalus Systems Holding
―