Electrovaya FY2025 EPS Forecast Boosted by HC Wainwright

Key Points

• HC Wainwright has increased its FY2025 earnings per share (EPS) estimate for Electrovaya to $0.07, up from $0.05, while the consensus estimate is currently $0.10 per share.
• Electrovaya recently reported quarterly earnings of $0.02 per share, missing the consensus estimate of $0.04 and also reported revenue of $17.13 million, below expectations.
• Several institutional investors have increased their stakes in Electrovaya, reflecting a growing interest in the company's stock amid its recent performance adjustments.

Electrovaya Inc. (NASDAQ:ELVA - Free Report) - Stock analysts at HC Wainwright raised their FY2025 earnings estimates for shares of Electrovaya in a research note issued on Thursday, August 14th. HC Wainwright analyst A. Dayal now expects that the company will earn $0.07 per share for the year, up from their prior estimate of $0.05. The consensus estimate for Electrovaya's current full-year earnings is $0.10 per share. HC Wainwright also issued estimates for Electrovaya's Q4 2025 earnings at $0.04 EPS, FY2026 earnings at $0.20 EPS, FY2027 earnings at $0.45 EPS, FY2028 earnings at $0.68 EPS and FY2029 earnings at $0.86 EPS.

Electrovaya (NASDAQ:ELVA - Get Free Report) last released its earnings results on Wednesday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by ($0.02). The firm had revenue of $17.13 million during the quarter, compared to analysts' expectations of $17.25 million. Electrovaya had a net margin of 2.19% and a return on equity of 6.66%. Electrovaya has set its FY 2025 guidance at EPS.

ELVA has been the topic of a number of other reports. Zacks Research lowered shares of Electrovaya from a "hold" rating to a "strong sell" rating in a report on Wednesday, August 13th. Wall Street Zen lowered shares of Electrovaya from a "buy" rating to a "hold" rating in a report on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $6.13.

Electrovaya Trading Up 4.4%

NASDAQ:ELVA traded up $0.20 on Monday, reaching $4.72. The stock had a trading volume of 90,223 shares, compared to its average volume of 219,619. The company has a market cap of $189.32 million, a price-to-earnings ratio of 157.39 and a beta of 1.56. The company has a debt-to-equity ratio of 0.91, a current ratio of 4.03 and a quick ratio of 3.01. The firm's fifty day moving average is $4.08 and its two-hundred day moving average is $3.15. Electrovaya has a 12-month low of $1.73 and a 12-month high of $5.24.

Institutional Trading of Electrovaya

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. XTX Topco Ltd purchased a new stake in Electrovaya in the 4th quarter valued at about $27,000. Mink Brook Asset Management LLC grew its holdings in Electrovaya by 4.4% in the 2nd quarter. Mink Brook Asset Management LLC now owns 395,101 shares of the company's stock valued at $1,347,000 after buying an additional 16,713 shares during the period. WealthTrust Axiom LLC raised its holdings in shares of Electrovaya by 5.5% in the 2nd quarter. WealthTrust Axiom LLC now owns 415,604 shares of the company's stock worth $1,417,000 after purchasing an additional 21,525 shares during the period. Citadel Advisors LLC purchased a new position in shares of Electrovaya in the 4th quarter worth about $64,000. Finally, Herald Investment Management Ltd raised its holdings in shares of Electrovaya by 7.2% in the 2nd quarter. Herald Investment Management Ltd now owns 1,265,000 shares of the company's stock worth $4,314,000 after purchasing an additional 85,000 shares during the period. Hedge funds and other institutional investors own 22.47% of the company's stock.

About 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 offers lithium-ion batteries and systems for materials handling electric vehicles, including forklifts and automated guided vehicles, as well as battery chargers to charge the batteries; electromotive power products for electric trucks, electric buses, and other transportation applications; industrial products for energy storage; and power solutions, such as competencies in building systems for third parties.