Electrovaya (ELVA) Expected to Announce Quarterly Earnings on Thursday

Key Points

• Electrovaya will report its Q2 2026 results after the market close on Thursday, May 14, with analysts expecting EPS $0.01 and revenue of $17.74 million (conference call listed for 7:30 AM ET).
• In the last quarter the company reported $0.02 EPS (beating estimates) and $15.5 million in revenue, while analysts now forecast $0 EPS for the current and next fiscal year.
• Shares opened at $10.48 (up 2.4%), the company has a market cap of $518.86M and a PE of 87.34, and Wall Street has a consensus rating of Moderate Buy with an average price target of $11.17.

Electrovaya (NASDAQ:ELVA - Get Free Report) is expected to be issuing its Q2 2026 results after the market closes on Thursday, May 14th. Analysts expect the company to announce earnings of $0.01 per share and revenue of $17.74 million for the quarter. Parties are encouraged to explore the company's upcoming Q2 2026 earning overview page for the latest details on the call scheduled for Thursday, May 14, 2026 at 7:30 AM ET.

Electrovaya (NASDAQ:ELVA - Get Free Report) last issued its quarterly earnings data on Thursday, February 12th. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.01 by $0.01. The business had revenue of $15.50 million during the quarter, compared to analyst estimates of $16.71 million. Electrovaya had a net margin of 7.07% and a return on equity of 14.29%. On average, analysts expect Electrovaya to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Electrovaya Stock Up 2.4%

Shares of NASDAQ ELVA opened at $10.48 on Thursday. The company has a 50 day simple moving average of $8.41 and a 200 day simple moving average of $7.68. The firm has a market cap of $518.86 million, a PE ratio of 87.34, a price-to-earnings-growth ratio of 1.27 and a beta of 1.44. Electrovaya has a 1 year low of $2.66 and a 1 year high of $11.88. The company has a debt-to-equity ratio of 0.48, a current ratio of 6.02 and a quick ratio of 4.69.

Wall Street Analysts Forecast Growth

ELVA has been the subject of a number of research reports. Roth Mkm reiterated a "buy" rating and issued a $10.00 price objective on shares of Electrovaya in a report on Friday, February 13th. Raymond James Financial restated a "strong-buy" rating on shares of Electrovaya in a report on Wednesday, March 18th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Electrovaya in a report on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $11.17.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Lazard Asset Management LLC raised its holdings in Electrovaya by 10.3% during the 4th quarter. Lazard Asset Management LLC now owns 86,347 shares of the company's stock worth $682,000 after purchasing an additional 8,090 shares during the last quarter. NewEdge Advisors LLC bought a new position in Electrovaya during the 4th quarter worth approximately $79,000. Geode Capital Management LLC raised its holdings in Electrovaya by 76.5% during the 4th quarter. Geode Capital Management LLC now owns 25,962 shares of the company's stock worth $205,000 after purchasing an additional 11,253 shares during the last quarter. Wells Fargo & Company MN raised its holdings in Electrovaya by 286.8% during the 4th quarter. Wells Fargo & Company MN now owns 15,510 shares of the company's stock worth $123,000 after purchasing an additional 11,500 shares during the last quarter. Finally, Dimensional Fund Advisors LP bought a new position in Electrovaya during the 3rd quarter worth approximately $74,000. Institutional investors own 22.47% of the company's stock.

Electrovaya Company Profile

Electrovaya is a Canada-based energy storage company that designs and manufactures advanced lithium-ion battery systems and components. The company's core business revolves around the development of proprietary electrode and cell technologies that deliver high energy density, rapid charge capability and enhanced safety features. Electrovaya's product portfolio encompasses large-format battery cells, modules, complete battery packs and integrated energy storage systems tailored to industrial, commercial and utility-scale applications.

In the industrial sector, Electrovaya supplies modular battery systems for material-handling equipment such as electric forklifts, automated guided vehicles and airport ground support vehicles.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.