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ELVA Stock Chart & Stats
C$11.78
C$0.05(0.42%)
At close: 4:00 PM EDT
C$11.78
C$0.05(0.42%)
Day’s Range― - ―
52-Week RangeC$5.80 - C$17.62
Previous CloseN/A
Volume101.27K
Average Volume (3M)168.41K
Market Cap
C$639.64M
Enterprise ValueC$818.47
Total Cash (Recent Filing)C$23.55M
Total Debt (Recent Filing)C$34.68M
Price to Earnings (P/E)65.0
Beta1.54
Next Earnings
Dec 08, 2026EPS Estimate
0.07Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.11
Shares Outstanding49,507,480
10 Day Avg. Volume325,208
30 Day Avg. Volume168,409
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$22.57Price Target Upside91.57% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)0.13
Revenue Forecast (FY)C$82.48M
Bulls Say, Bears Say
Bulls Say
Profitability TurnaroundConsistent improvement to positive net margin and ~31% gross margins reflects better cost structure and scale economics. Sustained margins increase internal funding capacity for R&D, certifications and factory ramps, making future growth less reliant on external financing and easing unit economics pressure.
Amazon Commercial AgreementA formal multi-year arrangement with a large strategic customer provides durable demand visibility and an anchor for volume ramping. This alignment supports longer-term capacity planning, provides a route to scale across material handling/robotics/storage, and can accelerate customer conversion timelines.
ElvaPulse Product LaunchIntroducing a high-voltage, modular 1,500 V stationary platform expands addressable markets (data centers, hyperscalers, utilities) and leverages proprietary ceramic separator tech. Certification and product-market fit would establish a higher-margin product line and diversify revenue beyond material handling.
Bears Say
Deep Negative Free Cash FlowSubstantial negative free cash flow implies the company is funding growth and working capital out of financing rather than operating cash. Persistently negative FCF increases refinancing risk, limits flexibility for strategic investments, and raises dependence on external capital during multi-quarter ramps.
Rising Absolute Debt And Working CapitalHigher absolute debt and elevated working capital needs increase interest and rollover risk as the company scales. Large EXIM draws and a sizeable net working capital pool mean more cash tied up in operations, which can squeeze liquidity windows during certification or manufacturing delays.
Execution & Certification Timing RiskThe business case for FY2027 depends on timely UL certifications and Jamestown ramp. Delays or supply-chain/SKU complexity could push revenue recognition and margin improvement out, forcing additional funding or slowing scale benefits and undermining pipeline conversion.
Electrovaya News
ELVA FAQ
What was Electrovaya Inc.’s price range in the past 12 months?
Electrovaya Inc. lowest stock price was C$5.80 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$639.64M.
When is Electrovaya Inc.’s upcoming earnings report date?
Electrovaya Inc.’s upcoming earnings report date is Dec 08, 2026 which is in 118 days.
How were Electrovaya Inc.’s earnings last quarter?
Electrovaya Inc. released its earnings results on Aug 10, 2026. The company reported C$0.014 earnings per share for the quarter, missing the consensus estimate of C$0.047 by -C$0.033.
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 0.07.
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$0.014 in its last earnings report, missing expectations of C$0.047. Following the earnings report the stock price went down -21.207%.
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$22.57 (91.57% Upside)
C$22.57 (91.57% Upside)
Blogger Sentiment
Bullish
TSE:ELVA Sentiment 85%
Sector Average ―
Sector Average ―
Insider Transactions
Sold Shares
Worth C$2.0M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 6.6%
Last 30 Days ▲ 14.4%
Last 30 Days ▲ 14.4%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
86.66%
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 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 TSE:ELVA earnings summariesELVA Stock 12 Month Forecast
Average Price Target
C$22.57
▲(91.57% Upside)
Technical Analysis
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