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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$592.11M
Enterprise ValueC$576.54
Total Cash (Recent Filing)C$23.55M
Total Debt (Recent Filing)C$34.68M
Price to Earnings (P/E)72.9
Beta1.52
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. 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$26.69Price Target Upside126.60% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)0.13
Revenue Forecast (FY)C$82.48M
Bulls Say, Bears Say
Bulls Say
Revenue & Profitability MomentumSustained revenue growth with improving margins and five consecutive profitable quarters indicates the business model is scaling. Durable operating improvements and consistent profitability suggest structural cost discipline and product-market fit that can sustain earnings over the next 2–6 months and beyond.
Commercial Product Traction & Market DiversificationCommercial shipments into robotics and defense broaden revenue mix beyond material handling, lowering customer concentration risk. Multiple end-markets and early commercial wins create durable revenue channels and reduce dependence on a single vertical as the company scales production and sales.
Manufacturing & Technology BuildoutProgress on Jamestown and cell production plans, plus key manufacturing hires, points to vertical integration that can improve yields, margins, and supply security. Building in-house cell capability is a structural advantage that supports long-term cost control and product differentiation when ramped.
Bears Say
Weak Free Cash FlowDeep negative free cash flow despite positive operating cash flow signals heavy capex and working capital deployment. This persistent cash burn raises funding and execution risk, potentially forcing additional financing that could constrain strategic flexibility over the medium term.
Rising Debt From EXIM DrawsMaterial EXIM-driven debt increases elevate interest and repayment obligations and reduce balance sheet optionality. Given the company's prior episodes of stressed capital structure, higher absolute debt heightens refinancing and liquidity risk if cash conversion or commercial ramps slip.
Commercialization Timing & Execution RiskKey strategic initiatives are contingent on multi-step ramp activities in 2027. Delays in factory acceptance, scale-up, or certification could defer revenue, extend capex needs, and amplify working-capital pressure, making near-term forecasts and pipeline realization less certain.
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$592.11M.
When is Electrovaya Inc.’s upcoming earnings report date?
Electrovaya Inc.’s upcoming earnings report date is Aug 18, 2026 which is in 17 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
Neutral
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Analyst Consensus
Strong Buy
Average Price Target:
C$26.69 (126.60% Upside)
C$26.69 (126.60% Upside)
Blogger Sentiment
Bullish
TSE:ELVA Sentiment 92%
Sector Average ―
Sector Average ―
Insider Transactions
Sold Shares
Worth $1.4M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Negative
Last 7 Days ▼ 2.2%
Last 30 Days ▲ 1.4%
Last 30 Days ▲ 1.4%
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
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$26.69
▲(126.60% Upside)
Technical Analysis
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