HC Wainwright Has Bullish Estimate for ELBM FY2026 Earnings

Key Points

• HC Wainwright raised its FY2026 EPS forecast for Electra Battery Materials to $0.23 from $0.14, while maintaining a Buy rating and a $2.00 price target.
• Analyst sentiment is mixed: two firms rate ELBM a Buy, one a Hold, and one a Sell, resulting in an overall MarketBeat consensus rating of Hold with a $2.00 average price target.
• ELBM shares opened at $0.60 after a 5.1% decline, with the stock trading near its 12-month low of $0.49; institutional investors own 32.9% of the company.

Electra Battery Materials Corporation (NASDAQ:ELBM - Free Report) - Stock analysts at HC Wainwright raised their FY2026 EPS estimates for Electra Battery Materials in a research report issued to clients and investors on Friday, August 21st. HC Wainwright analyst H. Ihle now expects that the company will post earnings of $0.23 per share for the year, up from their prior forecast of $0.14. HC Wainwright has a "Buy" rating and a $2.00 price target on the stock. The consensus estimate for Electra Battery Materials' current full-year earnings is $0.14 per share.

Several other research firms have also commented on ELBM. Zacks Research raised Electra Battery Materials to a "hold" rating in a research report on Thursday, May 21st. Wall Street Zen upgraded Electra Battery Materials from a "strong sell" rating to a "hold" rating in a research note on Saturday, May 16th. Weiss Ratings upgraded shares of Electra Battery Materials from a "sell (e+)" rating to a "sell (d-)" rating in a report on Tuesday, August 18th. Finally, Raymond James Financial reissued a "buy" rating on shares of Electra Battery Materials in a research report on Friday, May 22nd. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $2.00.

Electra Battery Materials Stock Down 5.1%

Shares of NASDAQ ELBM opened at $0.60 on Tuesday. Electra Battery Materials has a 12-month low of $0.49 and a 12-month high of $8.70. The stock's fifty day simple moving average is $0.56 and its two-hundred day simple moving average is $0.63. The stock has a market capitalization of $63.81 million, a PE ratio of -0.55 and a beta of 2.53. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.48.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ground Swell Capital LLC purchased a new stake in Electra Battery Materials in the first quarter valued at about $27,000. Jane Street Group LLC purchased a new stake in shares of Electra Battery Materials during the fourth quarter worth about $82,000. Aristides Capital LLC purchased a new stake in shares of Electra Battery Materials during the fourth quarter worth about $116,000. Rathbones Group PLC increased its holdings in shares of Electra Battery Materials by 149.7% during the first quarter. Rathbones Group PLC now owns 250,171 shares of the company's stock valued at $145,000 after acquiring an additional 150,000 shares in the last quarter. Finally, XTX Topco Ltd acquired a new position in shares of Electra Battery Materials during the fourth quarter valued at about $160,000. 32.90% of the stock is currently owned by hedge funds and other institutional investors.

Electra Battery Materials Company Profile

Electra Battery Materials Inc is a Canada-based battery materials company focused on the sourcing, refining and recycling of critical minerals used in lithium-ion batteries. The company's core business activities include the development of hydrometallurgical processing facilities to convert raw feedstocks—such as mined ores, recycled battery black mass and industrial by-products—into battery-grade nickel, cobalt, lithium and other specialty materials. Electra's business model centers on vertically integrated operations designed to secure supply chain resilience for North American and global electric vehicle (EV) and energy storage markets.

In 2022, Electra Battery Materials completed a business combination transaction and commenced trading on the NASDAQ under the ticker ELBM.

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