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Electrovaya ( (TSE:ELVA) ) has shared an update.
Electrovaya Inc. reported preliminary unaudited revenues of $20 million for Q4 FY2025 and $64 million for the full fiscal year, marking record highs and surpassing internal guidance by over 5%. This growth, driven by strong demand for its material handling battery systems and initial deliveries of robotic battery products, underscores a 43% annual revenue increase, highlighting the company’s robust market positioning and expansion efforts.
The most recent analyst rating on (TSE:ELVA) stock is a Buy with a C$7.50 price target. To see the full list of analyst forecasts on Electrovaya stock, see the TSE:ELVA Stock Forecast page.
Spark’s Take on TSE:ELVA Stock
According to Spark, TipRanks’ AI Analyst, TSE:ELVA is a Outperform.
Electrovaya’s overall stock score is driven by strong earnings call results and positive corporate events, indicating strategic growth and market expansion. However, financial performance is hindered by high debt levels and valuation concerns due to negative earnings, which temper the overall score.
To see Spark’s full report on TSE:ELVA stock, click here.
More about Electrovaya
Electrovaya Inc. is a leader in the global energy transformation, specializing in the development and manufacturing of safe and durable lithium-ion batteries. The company focuses on energy storage and heavy-duty electric vehicles, utilizing its proprietary Infinity Battery Technology Platform. Headquartered in Ontario, Canada, Electrovaya is expanding its operations with a planned gigafactory in New York state.
YTD Price Performance: 135.71%
Average Trading Volume: 93,045
Technical Sentiment Signal: Buy
Current Market Cap: C$344.1M
See more data about ELVA stock on TipRanks’ Stock Analysis page.