ELVA Stock Chart & Stats
$6.40
-$0.29(-3.36%)
At close: 4:00 PM EDT
$6.40
-$0.29(-3.36%)
Day’s Range― - ―
52-Week Range$4.10 - $12.78
Previous Close$2.64
Volume570.11K
Average Volume (3M)365.39K
Market Cap
$264.52M
Enterprise Value$818.47M
Total Cash (Recent Filing)$16.23M
Total Debt (Recent Filing)$41.06M
Price to Earnings (P/E)54.1
Beta1.34
Next Earnings
Dec 08, 2026EPS Estimate
0.02Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.10
Shares Outstanding49,998,898
10 Day Avg. Volume452,645
30 Day Avg. Volume365,387
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 Cap3.09
Enterprise Value/Revenue11.52
Enterprise Value/Gross Profit37.33
Enterprise Value/Ebitda119.14
Forecast
1Y Price Target
$13.00Price Target Upside103.12% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)0.19
Revenue Forecast (FY)$73.66M
Bulls Say, Bears Say
Bulls Say
Improving Revenue And ProfitabilityThe shift to positive earnings alongside rising revenue indicates meaningful operating improvement rather than dependence on a single cost reduction. Continued top-line growth and modest profitability can strengthen internal funding capacity, support investment in products and production, and improve resilience over the next several quarters.
Strong Gross Margin And EBITDA PerformanceRecord gross margin and adjusted EBITDA demonstrate improving economics in the battery systems business and suggest better operating leverage as revenue scales. If these levels remain durable, stronger contribution from each sale should help fund expansion and provide greater protection against cost pressure or slower volume growth.
Strategic Amazon RelationshipA formal long-term agreement with the company’s largest end customer provides a durable commercial relationship and a framework for expanded orders across several applications. This can improve customer visibility, support platform standardization, and create a foundation for broader adoption of Electrovaya’s battery systems.
Bears Say
Negative TTM Operating And Free Cash FlowNegative operating and free cash flow means current earnings are not translating consistently into internally generated liquidity. That limits the company’s ability to finance growth without external funding, increases sensitivity to working-capital swings, and could constrain investment or reduce flexibility if cash demands remain elevated.
Higher Debt And Refinancing SensitivityThe substantial increase in debt raises fixed financial obligations while cash generation remains volatile. Greater leverage can increase refinancing and interest-cost sensitivity, reduce flexibility in allocating capital to production and product development, and make execution more consequential if expected growth is delayed.
Certification And Production-ramp Execution RiskThe planned FY2027 growth step-up depends on completing certifications, starting Jamestown production, and converting pipeline opportunities into firm orders. Delays in any of these linked milestones could postpone revenue recognition, extend current capacity constraints, and reduce the near-term benefits expected from new products.
Electrovaya News
ELVA FAQ
What was Electrovaya’s price range in the past 12 months?
Electrovaya lowest stock price was $4.10 and its highest was $12.78 in the past 12 months.
What is Electrovaya’s market cap?
Electrovaya’s market cap is $264.52M.
When is Electrovaya’s upcoming earnings report date?
Electrovaya’s upcoming earnings report date is Dec 08, 2026 which is in 48 days.
How were Electrovaya’s earnings last quarter?
Electrovaya released its earnings results on Aug 10, 2026. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.034 by -$0.024.
Is Electrovaya overvalued?
According to Wall Street analysts Electrovaya’s price is currently Undervalued.
Does Electrovaya pay dividends?
Electrovaya does not currently pay dividends.
What is Electrovaya’s EPS estimate?
Electrovaya’s EPS estimate is 0.02.
How many shares outstanding does Electrovaya have?
Electrovaya has 49,998,898 shares outstanding.
What happened to Electrovaya’s price movement after its last earnings report?
Electrovaya reported an EPS of $0.01 in its last earnings report, missing expectations of $0.034. Following the earnings report the stock price went down -21.013%.
Which hedge fund is a major shareholder of Electrovaya?
Currently, no hedge funds are holding shares in 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
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Strong Buy
Average Price Target:
$13.00 (103.12% Upside)
$13.00 (103.12% Upside)
Blogger Sentiment
Bullish
ELVA Sentiment 83%
Sector Average 63%
Sector Average 63%
Insider Transactions
Sold Shares
Worth $1.5M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Positive
Last 7 Days ▼ 1.1%
Last 30 Days ▲ 2.8%
Last 30 Days ▲ 2.8%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-17.43%
12-Months-Change
Fundamentals
Return on Equity
7.92%
Trailing 12-Months
Asset Growth
120.01%
Trailing 12-Months
Learn more about TipRanks Smart Score
Company Description
Electrovaya
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 ELVA earnings summariesELVA Stock 12 Month Forecast
Average Price Target
$13.00
▲(103.12% Upside)
Technical Analysis
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Ownership Overview
28.67% Insiders
10.47% Mutual Funds
0.80% Other Institutional Investors
59.44% Public Companies and
Individual Investors