Electrovaya Inc. (TSE:ELVA)
NASDAQ:ELVA
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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)142.26K
Market Cap
C$685.15M
Enterprise ValueC$468.06M
Total Cash (Recent Filing)C$23.55M
Total Debt (Recent Filing)C$34.68M
Price to Earnings (P/E)101.9
Beta1.48
Next Earnings
Aug 18, 2026EPS Estimate
0.05Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.11
Shares Outstanding47,513,920
10 Day Avg. Volume112,586
30 Day Avg. Volume142,260
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$22.71Price Target Upside71.79% 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
Revenue & Margin ImprovementSustained top-line growth with materially expanded gross and positive net margins indicates the business is translating scale and product mix into durable profitability. This supports reinvestment in production and R&D while reducing sensitivity to single-quarter swings in orders.
Commercial Traction & Diversified MarketsEvidence of commercial deliveries across robotics, defense and high-voltage platforms shows product-market fit beyond a single vertical. Multi-segment traction reduces customer-concentration risk and provides multiple revenue pillars that can sustain growth as each vertical scales over 2–4 years.
Improved Balance Sheet And Normalized LeverageA materially improved leverage profile and positive equity restore financial flexibility and reduce insolvency risk versus prior stressed periods. Reasonable leverage supports further capex and working-capital needs for the Jamestown ramp without immediate recapitalization.
Bears Say
Weak Cash Conversion & Negative Free Cash FlowPersistent negative free cash flow despite reported profitability implies heavy working-capital builds and capital spending. This chronic cash burn increases reliance on external financing, elevates dilution or covenant risk, and constrains the firm's ability to self-fund production-scale investments.
Rising Absolute Debt And EXIM ConcentrationDependence on a large EXIM draw increases interest and repayment obligations and concentrates refinancing risk with a single facility. Growing absolute debt raises fixed-cost burden and makes the company more vulnerable if revenue timing shifts or if capital markets tighten.
Execution/timing Risk For Capacity And Product CommercializationPlanned capacity and new-product commercialization are material to medium-term growth but depend on successful factory acceptance and multi-stage ramp execution in 2027. Delays would push revenue scale-out, raise per-unit costs during ramp, and extend the period of negative free cash flow.
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$685.15M.
When is Electrovaya Inc.’s upcoming earnings report date?
Electrovaya Inc.’s upcoming earnings report date is Aug 18, 2026 which is in 70 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 47,513,920 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
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5
6
7
8
9
10
Analyst Consensus
Strong Buy
Average Price Target:
C$22.71 (71.79% Upside)
C$22.71 (71.79% Upside)
Blogger Sentiment
Bullish
TSE:ELVA Sentiment 70%
Sector Average ―
Sector Average ―
Crowd Wisdom
Very Positive
Last 7 Days ▼ 3.1%
Last 30 Days ▲ 15.0%
Last 30 Days ▲ 15.0%
News Sentiment
Very Bullish
Bullish news 99%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
222.11%
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., along with its subsidiaries, is actively engaged in the research, engineering, and production of sophisticated lithium-ion battery technology and comprehensive battery systems throughout North America. The company's diverse offerings include advanced lithium-ion batteries and full systems, complemented by charging units, specifically engineered for electric material handling equipment such as warehouse forklifts and automated guided vehicles. Electrovaya also delivers electromotive power products for a range of electric transport applications, including trucks and buses, alongside industrial solutions for energy storage. Additionally, it develops customized power systems, like building solutions, for external partners. Established in 1996 as Electrofuel Inc., the company adopted its current name, Electrovaya Inc., in March 2002, and its corporate headquarters are located 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$22.71
▲(71.79% Upside)
Technical Analysis
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Options Prices
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